What does the Contractors Equipment Form cover?

The Contractors Equipment Form is specifically designed to provide coverage for equipment and tools utilized in construction and contracting activities. This type of insurance usually protects against a variety of risks including fire, theft, vandalism, and other perils that could damage or result in the loss of the equipment. Coverage under this form typically encompasses machinery, tools, and equipment owned by the contractor or that is in their care, custody, or control.

Understanding the purpose of this form is crucial for contractors as it helps safeguard their investments and reduce financial loss due to unforeseen events affecting their equipment and tools. This form does not extend coverage to employee injuries, building structures under construction, or materials and supplies held in a warehouse, as those are covered under separate liability policies or insurance products tailored to those specific needs. Thus, the focus on equipment and tools losing coverage from various risks is what makes this answer the most suitable.