Earthmoving equipment operators are no strangers to risky work - from falling objects to falling from great heights, they face all sorts of hazards every day. Plus, they're all up in the dirt. Inclement weather and unstable environmental elements can also be factors on the job. Their equipment also faces these daily hazards, and it can be seriously costly and time-consuming to repair or replace.
That's why it's important to know about the different types of earthmoving equipment 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.
Broken down, earthmoving equipment insurance is designed to provide protection for most types of equipment in the earthmoving industry against damage (usually excluding basic wear and tear) and theft and vandalism. Coverage is often set up to protect equipment stored across multiple locations.
If it's equipment designed with the purpose of literally moving earth, it probably qualifies.
Here are some examples:
Well, many businesses are required to have at least general liability coverage, especially if they'll be loaning or leasing equipment. Though additional coverage may not always be absolutely mandatory, it's definitely a smart move to get it - your equipment is expensive, and maintenance or replacement can be very costly to your business.
Since the earthmoving industry deals with so many different types of terrain, its contractors face all sorts of risks during daily work, including storms, slippery surfaces, excessively dusty environments, uneven ground, and more. That's not even including the risk of the equipment itself malfunctioning, or errors made during operation that could cause destruction. Coverage would help with repair or replacement costs for your equipment.
An earthmoving equipment policy protects your business's equipment from a wide range of workplace hazards (e.g., fire, collision, falling objects, etc.) that could cause damage or destruction, as well as theft or vandalism. Most policies cover operating risks and third-party liability, in addition.
Some key components of coverage can include:
An optional add-on to coverage:
The cost of your earthmoving policy will depend on the size and location of your business, the amount of equipment used, and the value of each item you claim. Smaller businesses in rural locations with just a couple pieces of inexpensive equipment will pay much less than huge businesses in major cities using high-end equipment. Premiums can range from hundreds to thousands of dollars, annually.
Insurance policies can be tricky and confusing, and sifting through available policy options can be boring, repetitive and snore-inducing work. 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 well-informed agents will review your needs and help you evaluate which type of earthmoving equipment 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.