Forklift operators face a variety of hazards daily on the job - from equipment overturning, to being crushed or run over or falling off of it - this line of work is not to be entered into lightly. Workplace incidents can be costly for businesses, as can needing to repair or replace forklifts due to operating or third-party damage.
That's why it's so important to know about the different types of forklift 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, forklift insurance is designed to protect forklifts and their operators from workplace mishaps, and your business from liability claims. In case of an accident, a forklift insurance policy would cover costs of injuries to workers as well as damage to the machine or to property. Coverage, however, typically does not include general ware and tear.
Most commonly, project contracts for construction do require forklift and other heavy equipment operators to carry at least some level of liability coverage. While starting here is a safe bet, it's also a good move to look into additional coverage options to protect your business from costly repairs/replacement of equipment - or lawsuits.
Well, construction work is risky business - literally. A day on the job is met with a myriad of opportunity for disasters, including damage to property, your equipment, your workers, or other people. Coverage can help cushion the blow of financial losses due to workplace mishaps, as well as allow your business to continue smooth operation while your equipment is out for repairs.
Forklift insurance policies exist to protect your business in the event of your heavy equipment enduring damage, destruction, vandalism or theft. Coverage protects against most operating risks, as well as liability claims made by third parties.
Some key components of coverage can include:
Optional add-ons to coverage:
Your forklift insurance policy's cost will depend on the amount and value of the equipment your business owns and rents/leases each year. Bigger cities, such as N.Y.C., have sky-high property values, and therefore lawsuits in the construction industry are far more costly than for businesses in smaller towns. Premiums for smaller businesses with less expensive equipment will also be cheaper than for large businesses with lots of costly equipment.
Insurance policies are complex and tricky beasts - perusing available coverage options can be confusing, time-hogging and utterly boring. 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 forklift 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.