Great American Insurance Group’s Property & Inland Marine Division is pleased to announce the launch of Equipment Pro®, an enhanced contractor’s equipment insurance product specifically designed for industry professionals. This innovative solution addresses the ever-evolving risks faced by contractors of all sizes, offering robust and flexible coverage options.
Equipment Pro represents a significant enhancement to Property & Inland Marine’s core contractor’s equipment product by broadening the scope of covered property and expanding customizable limits and deductibles to best fit various exposure needs. Basic coverage includes protection against fire, water, earth movement, wind-related perils and theft, among other perils. This product also features a new rating approach that provides insureds with premium credits based on their years in business and favorable loss experience.
In addition to extensive primary coverage, Equipment Pro includes 18 additional coverages that address potentially overlooked exposures not always covered by competing forms unless specifically requested or endorsed. These additional coverage limits can be tailored to meet the requirements of different industries. Furthermore, seven optional coverages and multiple endorsements have been created to cater to the specialized operations of contractors, ensuring a product offering that meets the distinct needs of any contracting business.
When accidents occur, claims are handled by an in-house team of inland marine experts.
“We understand the critical role that equipment plays in the daily operations of contractors,” said Dave Lancaster, Divisional Vice President, Great American Property & Inland Marine. “Our new product is designed to help contractors rest easy, knowing that their equipment is protected and that claims will be handled in a timely and efficient manner by our dedicated team.”
To learn more about Property & Inland Marine’s Equipment Pro product, visit GAIG.com/PIM.
About Great American's Property & Inland Marine Division
Service Minded. Solution Driven. Specialty Focused. Great American’s Property & Inland Marine Division provides dedicated service and specialized expertise focused solely on property and inland marine coverages. Our agents and insureds get the solutions they need from people they can trust. Our mission is to enable our customers to prosper by being a leading provider of risk management solutions using property and inland marine insurance products and services. Coverage description is summarized. Refer to the actual policy for a full description of applicable terms, conditions, limits and exclusions. Policies are underwritten by Great American Insurance Company, Great American Assurance Company, Great American Alliance Insurance Company and Great American Insurance Company of New York, authorized insurers in all 50 states and the DC.
About Great American Insurance Group
Great American Insurance Group's roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses. Great American Insurance Company has received an "A" (Excellent) or higher rating from the AM Best Company for more than 115 years and is currently rated “A+” (Superior). The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG's common stock is listed and traded on the New York Stock Exchange under the symbol AFG.
Websites:
www.GAIG.com
www.AFGinc.com
www.GAIG.com/PIM
View source version on businesswire.com: https://www.businesswire.com/news/home/20250121485793/en/
Contacts
Diane P. Weidner
Vice President, Investor and Media Relations, American Financial Group
513-369-5713
dweidner@amfin.com
