An Inland Marine Floater / Contractors Equipment policy is an all risk policy that covers equipment and machinery not licensed as an over the road vehicle. Coverage is not restricted to a location, so the coverage applies to equipment at job sites, other stored locations and while in transit.

Limits of Insurance may be separated by “scheduled” and “unscheduled” property/equipment.


Insured is a general contractor specializing in public works construction. While replacing the railings on a bridge, one of the subcontractor’s steel cable roll falls into deep waters below and disappears. Insured files the claim under his own policy. Is this claim covered?