Equipment Physical Damage Coverage In Minutes
IMMEDIATE QUOTES. SAME-DAY BINDING AVAILABLE.
Coverage starts immediately. Eligible equipment can often be quoted and bound immediately without a lengthy insurance application. Fast, hassle-free physical damage coverage that helps protect your investment so you can focus on getting the job done.
Available in All 50 States
Eligible equipment valued up to $500,000. No lengthy application required.
The TrueGuard Equipment Advantage
Eligible equipment valued up to $500,000 can often be quoted and bound immediately through our streamlined Great American Equipment Physical Damage Program.
Available in All 50 States
Immediate Quotes
Receive fast pricing for eligible equipment.
Same-Day Binding Available
Coverage can often be bound the same day.
Premium Lock Available
Financed equipment may qualify to lock insurance premiums for up to 72 months.
Flexible Payment Options
Monthly, Semi-Annual, Annual, or Entire Finance Term.
BROAD PHYSICAL DAMAGE PROTECTION
An open-peril policy offering broader protection compared to a traditional Business Owner's Policy. Protection against many common causes of loss including:
Accidental Damage
Job-site impacts, operator mishaps, drops, and unexpected physical damage during operation.
Burglary
Forcible entry and theft of equipment from locked yards, trailers, containers, or secured job sites.
Collision
Striking stationary objects, equipment collisions on site, transport impacts, or obstacles.
Fire and Smoke
Engine fires, hydraulic line flash fires, external fires, smoke contamination, and lightning strikes.
Flood*
Water intrusion, localized rising water, stormwater inundation, and flash flood events on job sites.
Lightning
Direct lightning strikes and electrical surges causing severe mechanical and electrical burnouts.
Rollover
Tipping or rollover on slopes, trenches, soft ground, or uneven terrain — a common claim cause.
Theft
Disappearance or theft of the machine from the job site, staging area, or storage yard.
Transit
Damage or overturning occurring while the machine is loaded on a trailer or in transit.
Vandalism
Malicious mischief, intentional property damage, sabotage, and graffiti while deployed on site.
Windstorm*
Severe winds, tornadoes, falling trees, debris impacts, and localized windstorm damage.
*Subject to temporary underwriting restrictions following catastrophic events. All coverage is subject to program terms, conditions, and underwriting guidelines underwritten by Great American Insurance Group.
Eligible Equipment
Eligible Equipment Risk Profiles
We cover the following Risk Profiles of Construction / Agriculture equipment throughout all 50 states for physical damage only.
| Class | Class Code | Description | Examples |
|---|---|---|---|
| Heavy | C-1 | Self-propelled > $700k | Loaders, Excavators, Dozers, Backhoe, Articulated Truck, Directional Drills, Demolition, Recycling, Quarry/Logging site |
| Compact | C-2 | Self-propelled < $700k | Skid steer, Track loader, Mini Excavator, Chippers/Grinders, Lawn Care, UTV's |
| Lifts | C-5 | Material Handling | Scissor Lifts, Telehandlers, Boom Lifts |
| Utility | C-6 | Mounted, Trailered, Towed | Generators, Compressors, Light Towers, Pumps, Compactors, Rolloff Dumpsters |
| Portable | M | Handheld/Portable | Surveying, Lasers, Cameras, Robotics, Pipe Cleaners, Small rolloff dumpsters |
| Trailers | T-1 | Separate Trailers | e.g. "Big Tex" |
| Agricultural Equipment | IC-1 | Tractors | Tractors, Sprayers, Spreaders, etc. |
Notable Ineligible Classes: Oil & Gas; Logging/Forestry; Underground Mining; Equipment held for inventory/sale/lease/rental; Autos/Trucks licensed for road use; Watercraft; Aircraft; and Cranes exceeding 130-ton capacity or 60-foot boom height.
Simple & Fast
How It Works
Submit Your Information
Tell us about your equipment and operation.
Eligibility Review
We'll quickly verify that your equipment qualifies.
Receive Your Quote
Immediate pricing is available for most eligible risks.
Bind Coverage
Coverage can often be issued the same day.
Get Your Equipment Insurance Quote
Provide a few details about your equipment and a licensed TrueGuard agent will prepare your quote and reach out — typically within a few hours.
Don't Leave Your Equipment Unprotected.
Eligible equipment can often be quoted and bound the same day. No lengthy insurance application required.
Program Highlights
Built for Contractors & Equipment Owners
Eligible equipment valued up to $500,000 can often be quoted and bound immediately — no lengthy insurance application required.
Up to $500,000
Per location without prior underwriting approval. Higher limits available with review.
Up to 15 Years Old
New and qualified used equipment (excluding cranes).
No Application Required
If your equipment qualifies, you're already pre-approved — no lengthy insurance application.
Protected From Day One
Coverage starts immediately so your equipment is protected the moment you take delivery.
Heavy Equipment
Excavators, Dozers, Loaders
Compact Equipment
Skid Steers, Mini Excavators
Agricultural
Tractors, Sprayers, Spreaders
Understanding Your Coverage
Inland Marine vs. Commercial Property
Why heavy equipment requires specialized policy structures instead of standard property insurance.
Inland Marine (Equipment Floater)
Designed specifically for property that moves. This is the correct coverage for construction equipment because it travels between job sites, storage yards, and repair facilities.
- Covers equipment anywhere it goes
- Includes coverage during transit
- Covers tools left at job sites
Commercial Property
Designed for buildings and the contents permanently kept inside them. If you insure a backhoe under a property policy, it loses coverage the moment it leaves your address.
- Restricted to a specific address
- No coverage in transit
- No coverage at active job sites
Why Contractors Choose TrueGuard
Why Customers Love This Program
No Insurance Application Required
If you're financing equipment through a participating dealer, you're already pre-approved. No lengthy applications, no waiting days for approval, and no back-and-forth.
Protected From Day One
Coverage starts immediately so your equipment is protected from the exact moment you take delivery.
Built For Heavy Equipment
Whether purchasing new or qualified used equipment, this program is built specifically for contractors, landscapers, municipalities, farmers, and equipment owners.
Flexible Payment Options
Choose the payment option that works best for your cash flow: Monthly, Semi-Annual, Annual, or roll it into your Entire Finance Term.
Frequently Asked Questions
Matt Nelson
Founder, TrueGuard Insurance. Licensed professional specializing in commercial trucking, construction equipment, and dealer programs across multiple states.
More Equipment Resources
Learn more about protecting your construction business in North Carolina.
Construction Equipment Insurance in Winston-Salem
Local guide to protecting your heavy machinery from theft, weather, and job site accidents.
Physical Damage Coverage Guide
Understand physical damage coverage for your construction equipment and how to protect your machinery.
General Liability for Contractors
Why equipment coverage isn't enough, and how general liability protects your contracting business.
Ready To Protect Your Equipment?
Get immediate pricing for eligible equipment valued up to $500,000.
No lengthy insurance application. Flexible payment options.
Coverage can often be bound today.
Available in All 50 States
Why TrueGuard Insurance
The Independent Advantage
As an independent insurance agency based in Winston-Salem, NC, TrueGuard Insurance serves individuals, families, and businesses with personalized coverage and honest guidance — across multiple states and growing.
Independent Agency
We represent multiple A-rated carriers and shop the market on your behalf — so you get the best coverage at the most competitive rate, not just what one company offers.
15+ Years of Experience
Matt Nelson brings over 15 years of hands-on experience in commercial trucking, construction equipment, finance, and insurance — giving you guidance backed by real industry knowledge.
Local North Carolina Expertise
Based in Winston-Salem and serving clients throughout the Piedmont Triad and across North Carolina, we understand the unique risks and regulations that affect our region.
Personalized Solutions
No two clients are the same. We take the time to understand your specific situation and build a coverage program tailored to your needs — not a one-size-fits-all policy.
Claims Guidance & Support
When a claim happens, we're in your corner. We guide you through the process step by step so you're never left navigating a difficult situation alone.
Responsive Service
We prioritize fast turnaround on quotes, certificates of insurance, and policy changes. You shouldn't have to chase your agent — we stay ahead of your needs.
Specialized Programs
We offer access to specialized insurance programs for trucking, construction equipment, dealer programs, and more — markets that most standard agencies simply cannot access.
Ongoing Policy Reviews
Insurance needs change. We proactively review your policies to identify coverage gaps, eliminate unnecessary costs, and ensure your program keeps pace with your life and business.