Coverage · Property
Commercial property insurance for facilities, tooling and inventory.
Covers the buildings, machinery, tooling and inventory you own or are responsible for, against fire, theft, weather and other insured causes of loss. Business income and equipment breakdown can be included.
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Tell us about the operation.
Property
What it covers.
Defense and technology manufacturers often hold expensive tooling, test equipment and inventory, and some of it belongs to customers. Property coverage protects those assets at your locations.
The details that matter are values, scheduling and what sits in your care. We schedule inventory by category and confirm how customer-owned property is covered.
Business income and equipment breakdown can be included in the same program, so a fire, a storm or a failed machine is covered for the income lost while you get back into production, not just the repair.
Typically covers
- Buildings you own or must insure under a lease
- Machinery, tooling and test equipment
- Raw materials, work in progress and finished goods
- Property of others in your care, custody or control
- Business income lost while you rebuild or repair
- Equipment breakdown for machinery and production lines
What we check
- Replacement cost versus actual cash value
- Values kept current as you grow
- Customer or government-furnished property
- Flood and earthquake, which are often excluded
By sector
How it applies to your sector.
Defense & Government Contractors
Tooling and customer-furnished property held for a contract.
FFL & Firearms
Vault inventory and finished goods scheduled by category.
Ammunition & Explosives Manufacturing
Plant, magazines and powder and primer storage scheduled by category.
Unmanned Systems & Counter-UAS
Airframes in production and test equipment at your facility.
Communications & Space
Production equipment and inventory of terminals and components.
Common questions
Questions we hear about this coverage.
Don’t see yours? Call (970) 580-8067 and talk to the agency principal directly.
It can be, as property of others, if it is scheduled correctly. Contracts often say who must insure it.
Replacement cost pays to replace with new. Actual cash value deducts depreciation. Most manufacturers want replacement cost.
Yes. Both can be added to the property policy: business income for the revenue lost while you recover from a covered loss, and equipment breakdown for mechanical or electrical failure of machinery and production lines.
Equipment that travels is usually covered under inland marine rather than property.