AMIM 122 - Inland Marine Insurance - Chapter 5

Defined as the tools and machinery used in projects involving construction, renovation, earth-moving, and many other activities.

This equipment serves two basic functions necessary in almost every construction project. First, it provides the power to clear job sites and move, eliminate or compress large amounts of earth, rock, snow, debris, and similar materials. Earth-moving equipment can also be used to handle and move construction materials and components within the job site.

Primary site-improvement equipment prepares and finishes asphalt and concrete surfaces.

Typically lifts and cranes. Lifts raise, lower and transport supplies and personnel within the job site. Cranes raise and move heavy materials.

A frequent and costly type of loss for cranes.

Equipment that provides supplementary power and support functions to equipment and job sites.

Perform a wide range of specialized construction projects such as land clearing, concrete work, framing, and electrical work.

Build new roads and repair existing roads.

Install water and sewage pipes, powerlines, telephone and cable television lines, and other public service systems.

Perform other public services including moving waste at land fills and recycling plants.

These operations are funded and organized by the state and local governments and perform jobs similar to those of general contractors, road building contractors, and utility contractors.

Purpose is to cut down mature timber for use in manufacturing and wood processing.

Equipment used in logging that has a frontal attachment that can grasp and cut trees and then lift and bunch the cut logs.

Equipment used in logging that is a self-propelled vehicle that drags logs using a claw-like grapple and winch system.

Equipment used in logging that uses a cable and steel tower and spar system that "reels in" and gathers logs at a consolidation point.