Insurance That Works The Way You Do
From embedded experiences to traditional programs, our insurance can be built around your business.
The right insurance can make a real impact on your operations - and your customers'.
Less risk for you. Less downtime for them.
Why You'll Love It
- Faster closings from less insurance friction
- New revenue opportunities
- Increased customer satisfaction and retention
Why They'll Love It
- Broader coverage than other commercial policies
- Fixed pricing with easy repair or replacememt
- Claims professionals who know equipment
Protecting Equipment Across The U.S. and Canada
Physical Damage Insurance
Covers most types of physical loss or damage, including risks that are often excluded from standard policies (like flood, wind or transit).
Stipulated Loss Gap Coverage
Insures the difference between the actual cash value of commercial equipment and the unpaid balance on the lease in the event of a total loss.
Equipment Residual Value Insurance
Allows lessors to account for operating leases like finance leases - accelerating earnings and protecting against unforeseen declines in market value down the road.
Insurance Tracking
Monitors coverage status and detects uninsured assets that create risk for your business. Included in embedded insurance programs or available as a stand-alone service.
Rental Loss Damage Waiver
Provides coverage for equipment while out on rental.
Machine Tool Operator Error
Covers physical damage to a machine tool caused by an operator's programming.
Contingent & Excess Liability
Protects against legal exposure in a lawsuit involving a lessor's equipment.
Repossession
Protects a lessor during the repossession process of equipment or commercial titled vehicles.
Equipment Types
Construction & Earthmoving Equipment
- Backhoes
- Drilling Equipment
- Excavators
- Graders and Loaders
- Skid Steers
Industrial & Manufacturing Equipment
- 3D Printers
- Automotive and Garage Equipment
- Embroidery Equipment
- Machine Tools, including CNC
- Material Handling Equipment
Medical & Healthcare Equipment
- Dental Equipment
- Digital Radiography and Scopes
- Healthcare Equipment
- Mobile Medical Equipment
- Veterinary Equipment
Office & Business Equipment
- Copiers and Printers
- Mailing Equipment
- Phone Systems
- Printing and Binding Equipment
Outdoor, Recreation & Landscaping Equipment
- Amusement Equipment
- Chippers and Stump Grinders
- Golf Carts
- Lawncare Equipment
Retail, Hospitality & Commercial Equipment
- Fitness Equipment
- Laundry Equipment
- Registers, Scanners, and Point of Sale Systems
- Restaurant and Vending Equipment
Technology, Media & Security Equipment
- Broadcasting Equipment
- Computers and Servers
- Photography and Videography Equipment
- Recording Equipment
- Security Systems
Transportation & Mobile Assets
- Commercial-Titled Vehicles
- Trailers
- Railcars
- Barges
Not sure what's right for your business?
Every business is different, so we tailor insurance solutions to fit your needs. Let's connect for a quick 30-minute conversation and identify the best path forward.
What clients are saying
"Our insurance program has been a game-changer for our business operations. The program helps accelerate our customers’ transactions. This enhancement in speed and service has not only improved customer satisfaction but has also reinforced our clients' trust in us."
– Lyndon Thompson, President of Byline Financial Group
"Great American specializes in insuring equipment finance risks. They tailor programs to meet clients’ needs and recommend solutions to enhance the customer experience through deep, customer-focused interactions."
– Shaun Buswell, Vice President with Alliance Funding Group
"The digital solutions we implemented with Great American will enhance customer experience, operations and communications. We look forward to future opportunities to support our customers together."
– Daryn Lecy, CLFP, Senior Vice President and COO with Oakmont Capital Services
Specialty Equipment News
Borrow, Adapt, Succeed: Sustaining Innovation in Equipment Finance
Innovation is often viewed as a dramatic, disruptive force. But in sectors like financial services and more specifically, equipment finance, sustaining innovation may be just as powerful.
Sustaining innovation focuses on incremental, smart upgrades to your existing business practices over total reinvention. That can mean enhancing technology, refining processes, improving customer experience, or optimizing services. The goal is not to disrupt - it’s to strengthen and scale. Sustaining innovation is often more accessible and immediately impactful, especially for organizations that serve complex, regulated markets like equipment finance.
Another great approach to sustaining innovation is looking to other segments for inspiration. Examine approaches that work for other companies that could be adapted slightly to work for you. One great place to look for ideas: B2C companies. Despite our differences, consumer brands are often ahead of the curve and constantly refining approaches to common goals like personalized experiences and frictionless digital journeys. These are sometimes strategies B2B companies can leverage as a starting point if they’re willing to translate and adapt.
Three Enablers to Effectively Introduce Sustaining Innovation
1. Technology and Processes
Without the right systems in place, innovation of any kind is hard to get off the ground. Technology and processes are the backbone, providing teams with the structure and tools they need to identify the best opportunities and avoid roadblocks. By tapping into automation and analytics, organizations can streamline work and uncover insights faster. Pair that with agile, iterative feedback loops - quick cycles of testing, learning, and refining - and you create a rhythm of continuous improvement. When the right tools meet the right routines, innovation becomes a natural, ongoing part of how the business runs.
2. People and Teams
Even the best ideas can fail without everyone being on the same page internally. To spot opportunities for improvement in the first place, teams need to feel empowered to propose ideas and challenge assumptions. Leadership support sets that tone - creating a culture where testing and learning are encouraged and where the right projects for the business priorities rise to the top. Cross-functional input is equally essential. When product, sales, operations, compliance, and IT all weigh in early, organizations surface risks and bottlenecks sooner and build solutions that work across the business, not just in one silo.
3. Planning and Measurement
Planning and measurement give sustaining innovation the structure it needs to stick. Clear goals and KPIs keep teams aligned, striking the right balance between quick wins and longer-term strategic value. Testing ideas in low-risk environments - such as piloting a concept with one dealer group or product segment before a full rollout - creates space to learn and refine without major disruption. And by tracking adoption and impact throughout the process, organizations can see what’s working, what isn’t, and where to focus next.
Conclusion
Sustaining innovation removes the pressure to reinvent the wheel – focusing on quick wins with current infrastructure or borrowing inspiration from other proven models. For equipment finance organizations, this approach can unlock powerful improvements in customer experience, operational efficiency, and competitive edge.
If you're interested in exploring these principles, Great American's Specialty Equipment Division consults with equipment finance companies to enhance existing workflows through embedded insurance solutions - helping teams streamline processes and reduce operational friction
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