The paper has been prepared to help gain an understanding of losses that occur from overturn and other hazards when equipment is either on-site or in transit. According to ISO's statistics, damage to contractor's equipment related to overturn in transit accounts for nearly 16 percent of all loss dollars. Losses as a result in damage to equipment occur while being transported between job sites or to and from storage yards. One way of preventing losses due to overturn is selecting and retaining good drivers with a high level of knowledge and skill in loading, securing, and unloading equipment.
Overturns can occur due to hazards inherent to the function of some equipment.
For example, while grading rough terrain, good judgement and extensive experience of the operator is fundamental to avoiding rollover. Operators need a thorough understanding of their limitations, and those of the equipment being operated. Underwriters need to be aware of controls associated with all means of transit. Founded in 1930, IMUA serves as the collective voice of the U.S. inland marine insurance industry. With the support of over 400 member companies, IMUA provides its members with education, research and communications services that support the inland marine underwriting discipline.