Agriculture and Heavy Equipment Insurance from AmTrust Specialty Risk
AmTrust Specialty Risk is a leading underwriter of equipment service contracts and physical damage insurance for heavy equipment used in agricultural and construction settings. We can help protect equipment whether it is new or used, or for commercial or personal use, through development of programs that meet your agriculture or industrial business’s needs and usage.
Our service contracts cover mechanical failure of the equipment, similar to our vehicle service contract program. We can cover powertrains as part of an engine and transmission policy. We also offer more enhanced coverage packages to cover additional components like hydraulics, steering, suspension, etc. Our physical damage insurance covers a piece of equipment in the event it catches fire, is stolen or there is a damage related to an accident while in use.
An Expert in Insurance Coverage for Construction and Agriculture Businesses
AmTrust Specialty Risk has over 20 years of expertise in underwriting and developing innovative nontraditional insurance products. We can connect entrepreneurs to partners, help them structure insurance and underwriting programs and perform the necessary regulatory and compliance functions needed. In short, we are the ideal partner.
Benefits of Partnering with AmTrust Specialty Risk for Service Contracts & Physical Damage Insurance
AmTrust Specialty Risk can develop enterprise equipment service or physical damage insurance solutions for agricultural or construction companies. We work with the largest and most innovative third party administrators in the industry and support some of the industry’s biggest manufacturers. Many of AmTrust’s competitors reject programs that are outside traditional insurance needs. However, we often underwrite risk others won’t. We create individualized programs helping our industrial, construction or agricultural clients succeed.
AmTrust Specialty Risk has a vast network of program administrators, tech support companies, installation companies, field service providers, business process outsourcers (BPO’s) and more that we can access to help a client assemble the right team of providers to build the program that meets your needs.
Some of the benefits of partnering with AmTrust Specialty Risk include:
- Specialized coverage options. We will structure program financials that improve your profits, increase your customer satisfaction, build your brand and reduce risk. In addition, because insurance is our only business, we can partner with any administrator to help you create a best in class solution for your needs.
- Unmatched protection. Our team has the expertise and insight to deliver the best coverage solutions. This protection benefits not only the people making and selling these impressive machines, but also the equipment operators.
- Industry-leading support. Our compliance specialists can structure coverage plans that are profitable and fully compliant. And we can educate you about reinsurance so you can help your dealer partners get the most from their programs.
- Sharing our expertise. Our team is adaptable, knowledgeable and can create the right solutions for your agriculture or construction organization. We continually study and share trends and best practices that we see industrywide, including insights into changing consumer attitudes and behavior toward warranty products.
- Leading specialty risk insurance provider. As part of AmTrust Financial Services, a multinational property and casualty insurance provider with an “A-“(Excellent) rating from A.M. Best. Our strength, stability and commitment means we will be here to support you and your clients, now and in the future.