Excavation and demolition services are an integral part of job site clearing and building construction. Each excavation job requires ground digging and levelling., and no two projects are the same. Some require explosives to break up the ground and concrete, others are much more straightforward. The amount of work that needs to be done at each site can be very unpredictable, and so can the risks associated with this work. In some cases, risks that are unaccounted for can destroy your business, so you must protect your company and job sites with some (or all) of the insurance types below.
Commercial General Liability Insurance for Excavation Services
Commercial general liability is a policy that protects your business from lawsuits or damage fees that arise as a result of damage committed by your company on the job site. Damages must be accidental, but can come in the form of third-party property damage or third-party bodily harm. For example, if you are digging and accidentally dig on the neighbour’s property, you may be sued for damages. A commercial liability policy can help you cover some, or all, of the cost of the damage. Fees that aren’t covered can be addressed by a secondary policy, such as umbrella coverage.
Commercial Auto Insurance for Excavation Services
As an excavation business, there is a lot of equipment that needs to be transferred from site A to site B. Transportation of this equipment usually requires a large company truck, and these vehicles cannot be insured with typical auto insurance, but instead, require commercial auto insurance. Commercial auto insurance policies deal with repair costs, property damage and legal expenses that result from an accident on the road or while on the job.
Commercial Auto Insurance for Excavation Services
As an excavation business, there is a lot of equipment that needs to be transferred from site A to site B. Transportation of this equipment usually requires a large company truck, and these vehicles cannot be insured with typical auto insurance, but instead, require commercial auto insurance. Commercial auto insurance policies deal with repair costs, property damage and legal expenses that result from an accident on the road or while on the job.
Equipment Insurance
Working in excavation, there are a few tools and machines you may commonly use. Insure this integral part of your business with equipment insurance. If your excavator breaks down in the middle of a project, you could have difficulty completing that project along with others. Cover repairs or replacement fees with equipment insurance. Talk to an isure insurance broker about your excavation insurance options and learn how we can lower your costs!
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