Construction & Specialty · Minnesota
Minnesota Inland Marine & Equipment Floater Insurance
Minnesota contractors, photographers, and equipment-heavy businesses need inland marine or equipment floater coverage for tools and equipment that move between job sites — coverage that standard commercial property policies restrict to a fixed location. As a MN-licensed independent broker, I find inland marine and equipment floater policies for MN businesses that cover valuable equipment wherever it goes.
What inland marine and equipment floater insurance covers
Inland marine and equipment floater insurance covers contractors, photographers, and equipment-heavy businesses in Minnesota for tools and equipment that move between job sites — coverage that standard commercial property policies restrict to a fixed location.
Contractor's Equipment (Equipment Floater)
Covers heavy equipment, machinery, and tools wherever they're located — at the job site, in transit, at a storage yard, or at your shop. No fixed-address restriction.
Tools & Small Equipment
Covers portable tools, hand tools, and small power equipment against theft, damage, or loss — whether in your vehicle, at a job site, or at your business location.
Electronic Equipment
Covers cameras, computers, diagnostic equipment, surveying instruments, and other electronics used in business operations at any location.
Leased Equipment
Covers equipment you've leased or rented for business use — protecting you from liability for damage to equipment you don't own but are responsible for.
Debris Removal
Covers the cost of removing damaged or destroyed equipment from a loss site — a cost that commercial property policies often exclude or sublimit.
Rental Reimbursement
Covers the cost of renting replacement equipment while yours is being repaired after a covered loss — minimizing project delays.
Why Dayton Insurance
An independent agent who works for you
Unlike captive agents who represent one company, I shop multiple carriers to find the right coverage at the right price for your Minnesota business.
Truly independent
I represent multiple top-rated carriers — not just one company. That means you get options, not a single take-it-or-leave-it quote.
Claims advocacy
When you file a claim, you have someone in your corner. I'll walk you through the process and follow up with the carrier so you don't have to fight it alone.
One agent, start to finish
From the first quote to renewal, you work with Nate directly. No call centers, no handoffs, no surprises at renewal.
Get your quote
Ready to get covered in Minnesota?
As an independent broker, I shop multiple carriers to find the right fit for your Minnesota business. Most commercial quotes come back within 2–3 business days.
Request a Free Quote
No forms, no fees — just a straightforward conversation about your coverage needs.
Common Questions
Frequently asked questions
What's the difference between equipment floater and commercial property coverage?
Commercial property covers assets at a fixed location. Equipment floater (inland marine) covers assets wherever they go — any job site, any transit route, any storage location. For contractors and mobile businesses, the floater provides essential coverage that property policies miss.
Does my equipment floater cover theft from my truck in Minnesota?
Yes — equipment floater policies typically cover theft from locked vehicles, job sites, and storage areas. Make sure your policy doesn't have specific exclusions for theft from unattended vehicles.
How much does an equipment floater cost in Minnesota?
Equipment floater premiums in Minnesota are typically 1%–3% of the total insured equipment value annually. A contractor with $100,000 in equipment might pay $1,000–$3,000 annually depending on the equipment types and theft risk in your area.
Should I list each piece of equipment individually or get a blanket policy?
Blanket policies cover all equipment up to a total limit without scheduling each item. Scheduled policies list each item with its own value. For high-value individual items, scheduling ensures you're paid the actual agreed value. I'll help you choose the right structure.