Does General Liability Cover Stolen Equipment?

When your company’s tools, computers, or machinery are stolen, the loss concerns your own property. CGL generally responds to covered liability to others, not direct replacement of the insured’s equipment. The California Department of Insurance describes commercial property as a separate line for property losses and identifies inland marine as another distinct commercial coverage category. A property policy’s location and covered-cause terms determine whether equipment off premises or in transit is included.

Review the schedule or property definition, theft exclusions, off-premises and transit limits, valuation, deductible, and security requirements. Contractors and businesses that move equipment between sites should ask whether an inland marine floater or tools endorsement is included. Confirm that the values and equipment types in the application match what the business owns or rents.