Operating cranes and lifting heavy equipment in a safe manner is no easy task, nor is it one that comes without a wide range of hazards and potential disasters. From colliding with electrical wires, to overloading the crane, to loaded materials falling off (and possibly onto someone), the risks of crane operation can be damaging and extremely costly.
That's why it's super important to know about the different types of crane insurance available. Our independent agents are here to eliminate the hassle of searching on your own by walking you through a handpicked selection of top policies for you.
Boiled down, crane insurance protects cranes against third-party damage such as vandalism or theft, natural destruction such as fires or storms and accidental damage during operation and transportation. Coverage typically encompasses most damage accrued by cranes on the job, but does not include general ware and tear on the equipment. Policies also cover third-party liability claims.
Rigger's liability provides coverage for contractors who are responsible for moving the property of others, which generally includes lifting, transporting and setting it into place. The third party's property itself is also covered by this policy.
Typically, project contracts will require crane operators to have a certain type of rigger's liability coverage. But it's also a good idea to look into additional types of coverage available for crane operators to protect your business and its equipment from costly repairs, or even lawsuits.
The crane and rigging industry works with heavy and costly equipment that is capable of dishing out massive damage if mishandled, or even if minor accidents occur on the job. There's also the Mother Nature factor - a storm or other natural disaster could inflict permanent damage on your business's equipment. Coverage helps to minimize financial losses, and protects you against liability claims made by a third party.
A crane and rigging insurance policy is designed to protect your business in the event that your crane endures damage or is destroyed on the job, as well as from acts of vandalism by a third party, or even theft. Policies typically also cover third-party liability claims made against your business for damages or injury inflicted during a job.
Some key components of coverage can include:
The cost of a crane and rigging insurance policy will depend on things such as the amount and value of equipment owned and rented by your business, as well as your business's size and location. N.Y.C., for example, has huge lawsuits for the rigging industry due to its high property values - so policies for big businesses in major-metropolitan areas will be much more expensive than for a tiny business in the middle of nowhere.
Insurance policies can be incredibly complex and redundant, and thumbing through available coverage options is generally low on the fun-and-easy scale. An independent agent's role is to simplify the process.
Independent agents are there to make sure you get the absolute best deal, and the one that meets your unique needs. They shop and compare insurance quotes for you, and they'll break down all the jargon so that you understand exactly what you're getting.
Our supremely wise agents will review your needs and help you evaluate which type of crane insurance makes the most sense for your business. They'll also compare policies and quotes from multiple insurance companies to make sure you have the best protection out there. They'll hook you up - in a comprehensive and affordable way.