AAIS lines of business
Rate a contractor's equipment on the form the risk is written on
Five coverage forms, scheduled and blanket, tools and rented units, with the filed tiers, deductible procedure and inflation treatment for each. The form is part of the submission, not a separate product to maintain.
What Contractors Equipment covers
A contractor owns equipment, rents equipment, lends equipment to other contractors and carries tools. AAIS writes those through five coverage forms, and the form changes both what is covered and how the premium is built.
SelectRate rates all five in one product, with the reporting form available as a behavior on the forms that allow it. An underwriter picks the form on the submission and the rating follows.
What SelectRate rates on this line
Everything below is rated on the filed AAIS methodology. Where the filing leaves a value to the company, it is a value your program supplies, and the worksheet names it as yours.
Five coverage forms
Broad scheduled, limited scheduled, blanket, tool floater and leased or rented equipment.
Scheduled units and tiers
Cranes and other scheduled equipment on the filed tiers, with limits per unit and in total.
Deductibles
Published deductible points, with the filed percentage procedure between them. An unfiled amount refers rather than being interpolated freely.
Inflation guard
The inflation step where the form and state apply it.
Loaned to others
The loaned to others exposure, including the states that price it on their own basis.
Reporting and income
The reporting basis, and income cover on the filed composite.
States and company ranges
Contractors Equipment rates on a multistate base with state editions for California, Texas and Missouri, where Missouri uses its own unified procedure rather than the multistate one. Louisiana and Oregon are deliberately out of scope rather than approximated from a filing that is not current.
Most core values in this filing are published as a low and high range. Your program sets the rule that resolves them, once, and the worksheet records the rule and the value it produced. That is the difference between a defended premium and a remembered one.
Start from the standard
Nobody should have to build a Contractors Equipment program from an empty screen. Every organization on SelectRate has a Standard Contractors Equipment: a governed program sitting directly on the published AAIS foundation, ready to inspect and test.
It tells you where you actually stand. Which states are in force. Which are ready to rate now. Which are waiting on a company value, and exactly which value. You run Program Test on it, and when you are ready you create your own program from it.
The Standard Program also carries ready made sample transactions. Open one, rate it, change an input and rate it again. It is the quickest way to understand how Contractors Equipment behaves before you configure anything of your own.
Governed foundation
The published AAIS content for Contractors Equipment, maintained by Selectsys and read only.
Standard Contractors Equipment
One per organization. Inspect the states, see what is ready and what needs a company value, and run Program Test.
Your program
Created from the standard, with your company values, adoption dates and authorized deviations on top.
Configure what makes your program different
Your Contractors Equipment program is the part the filing leaves to the company: the loss cost multiplier where one applies, the selections inside the bounds the filing sets, adoption dates and any deviation your carrier has authorized. The filed content underneath is not yours to change and not yours to maintain.
Configuration happens in Program Studio as a draft, and a draft is tested before it becomes real. Program Test prefills a known good Contractors Equipment scenario, so the first test you run is a real one rather than a form you have to invent. Review lists exactly what a version changes against what is published, state by state, and publication is a decision a person makes.
A published version is immutable. Every quote, policy and worksheet records the version it rated with, so a premium stays reproducible after the program has moved on.
The Workbench adapts to the rating product
Underwriter Workbench does not carry a hand built screen per line. The intake comes from the rating product itself, so Contractors Equipment presents the exposures it is actually written on, with the governed classifications and option lists for the state and the effective date.
Repeating exposures repeat. Referrals surface as referrals rather than as a failed request. And every premium carries its worksheet: each step, the value it used, and where that value came from, which layer and which version. That is the artifact an audit asks for, and it exists whether the rating came from the Workbench or from your own system over the Rating API.
From submission to bound policy
An underwriter enters the risk in Underwriter Workbench, rates it against every program the organization is entitled to, reads the worksheet and binds. The premium is produced by the same engine and the same configuration whether the request came from the Workbench or from your own system over the Rating API.
Rating beyond the quote is a platform capability rather than a per product rebuild, so a line gains it without changing how your integration works. Ask us where Contractors Equipment stands for the program you are planning.
Common questions
Which coverage forms are supported?
All five: broad scheduled, limited scheduled, blanket, tool floater and leased or rented equipment, plus the reporting basis on the forms that carry it.
How are the filed ranges handled?
Your program chooses the low end, the midpoint, the high end or an explicit point inside the filed bounds. Nothing is seeded as a midpoint on your behalf.
Is the reporting rate the same as on builders risk?
No, and the difference is visible in the configuration rather than buried. The two lines treat the company multiplier differently on a reporting basis, and each follows its own filing.
Bring a schedule of equipment
Send a real equipment schedule on the form you write it on. We will rate it live and show you where every factor came from.