What It Covers

An Equipment Floater provides scheduled, itemized coverage for specific high-value pieces of equipment — typically large welding machines, automated welding positioners, robotic welding systems, specialized test fixtures, orbital welding systems, or other high-value assets — that are used at jobsites or moved between multiple locations. Each covered item is listed by description and value, ensuring that the equipment receives full replacement-cost protection regardless of where it is located at the time of loss. An Equipment Floater can cover items that exceed the per-item limits of a blanket Tools & Equipment policy.

Why It Matters for Welding Businesses

High-value individual equipment items may have replacement costs well above the per-item limits of a standard tools coverage policy — and if they're not specifically scheduled, you may discover that gap only after a loss. An Equipment Floater allows you to schedule your most important and expensive assets individually, with agreed values that eliminate underinsurance disputes. For robotic welding cells, precision orbital systems, or large automated welding machines where replacement costs can reach six figures or more, an Equipment Floater provides the protection those assets deserve.

Who Needs It

Welding businesses with high-value individual pieces of equipment including robotic welding operations with automated welding cells, pipe welding contractors with orbital welding systems, fabrication shops with large positioning equipment and welding manipulators, testing and inspection businesses with high-value NDT systems, and any operation with individual equipment items where the replacement cost exceeds the per-item limit of their tools policy.

Common Triggers

High-value welding systems exceeding standard blanket tools coverage per-item limits; equipment used at temporary locations or remote jobsites; leased equipment requiring specific coverage documentation; equipment with specialized replacement parts and long lead times.

Welding Industry Examples

• A $65,000 automated welding positioner system is stolen from a temporary worksite where it was staged for a large fabrication project.

• A precision orbital welding system valued at $45,000 is damaged beyond repair during transport to a remote pipeline project.

• A specialty automated TIG welding machine is destroyed in a jobsite fire — the Equipment Floater covers full replacement cost without a depreciation dispute.

• A robotic welding cell's wire feeding system and torch assembly, scheduled as individual items, are damaged in a facility flood event.

• A welding contractor's large wire feed machine and positioner are destroyed when a construction crane drops a load in the laydown area.