Post Hole Digging Service Insurance

Post Hole Digging Service Insurance Guide

Find the best business insurance for your company.

Earth Auger drilling fence post hole. Find post hole digging service insurance.

Business insurance protects you from any financial loss that can occur from unexpected weather, accidents, or lawsuits. If you own a post hole digging service company, you need coverage for your equipment, employees, and other assets against any potential risks.

An independent insurance agent can help you shop post hole digging business insurance that fits your needs. 

What Risks Does a Post Hole Digging Service Company Face?

When your business includes operating heavy machinery and performing work on someone else's property, there are a lot of things that can go wrong.

If something should occur and you're without insurance, any of the damages or fees related to a lawsuit would have to come out of pocket. If you own a post hole digging service, your biggest risks include:

  • Someone getting injured on the premises of your business
  • Third-party property damage during a digging job
  • An employee injury while on the job
  • Property damage to your building or equipment from fire, wind, hail or another weather event
  • Loss of income should you have to temporarily close your doors because of a covered event
  • Vandalism or theft
  • A cyber breach

No matter what risks you face, a variety of post hole digging coverages are available to protect your business.

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What Does Post Hole Digging Service Insurance Cover?

To protect yourself from the most common risks that businesses face, you'll need several different insurance coverages. The most important coverages are those that help pay for a lawsuit resulting from third-party bodily injury or property damage, and coverage for any property losses.

  • Commercial general liability (CGL) insurance: Helps pay for costs related to a third-party injury that occurs on your property, or if an employee causes third-party property damage. CGL will pay for medical bills, property repair, and legal costs such as court fees and restitution payments.
  • Commercial property insurance: Should a fire, severe storm, or vandalism cause damage to your business property, commercial property insurance will cover the costs. This includes buildings, office equipment, tractors, and inventory.
  • Business interruption coverage: In the event of an unexpected closure of your business from things like fire, vandalism, or equipment breakdown, you still need to pay your bills. Business interruption coverage helps you pay employees and everyday bills for some time while you work to reopen your doors.
  • Business owners policy (BOP): Small to medium businesses may qualify for a business owners policy that combines liability, property, and business interruption coverage into one affordable package.

Why Do You Need Commercial Auto Insurance?

Since post hole digging companies rely on trucks to get to and from their job sites, commercial auto insurance is critical in protecting your employees and your vehicles while they're on the road. 

Should a company vehicle be damaged by an accident, collision, or falling tree, commercial auto insurance will help pay for the damage. 

The Benefits of Contractors Tools and Equipment Insurance

Commercial auto insurance is necessary to protect your company vehicles while in use. However, for post hole digging services, most commercial auto policies will not provide adequate property damage coverage for the equipment you're moving in your truck. 

Contractors tools and equipment insurance is a floater policy that is a form of inland marine insurance. Essentially, it protects your equipment, such as drills and tractors, while it's in transit or being stored at a worksite. 

Under this policy, all of your equipment will be covered should it be damaged, stolen, or vandalized while being used on a post hole digging job.

What Additional Coverages Do You Need?

Once your equipment, liability, and property are covered, you can start to consider the other aspects of your business that need protecting. 

Talk to your independent insurance agent about the following additional coverages. These may not be necessary for every business owner but are worth looking into.

  • Workers’ compensation insurance: Required in most states, and it pays for medical bills and lost wages if an employee is injured or becomes ill while on the job.
  • Cyber liability coverage: Pays for any fees associated with a data breach involving your customers' personal information
  • Tractor insurance: Specific property coverage for equipment like tractors and other digging tools.
  • Umbrella insurance: Insurance companies impose limits on how much liability coverage they are willing to offer. Umbrella insurance provides you with extra liability insurance for all of your policies that include liability coverage.
  • Employee dishonesty insurance:  If an employee should steal any equipment, tools, or cash from your business, or burglarize a customer's house, this insurance will pay for any financial damage related to the event. 

How Much Does Post Hole Digging Service Insurance Cost?

Business insurance costs are based on a number of factors, including the number of policies you're purchasing, your limits, and the deductible that you choose. In addition, companies will factor in risks like local crime rates, potential weather hazards, and the likelihood that you'll file a claim.

Your insurance costs will depend on the type of insurance you need for your business. 

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Benefits of an Independent Agent

When you work with an independent insurance agent, you know you're working with someone who has your business interests in mind. They have worked with post hole digging service companies before and understand the types of coverage you need.

Even more, they are not tied to one insurance carrier. They will shop their network of companies to find a variety of quotes and price options. From there, they can provide insight on what it's like to work with the insurance company, should you have to file a claim.

Find and Compare Quotes for Post Hole Digging Service Insurance

Instead of getting an online quote, find an independent insurance agent now. An agent will chat with you, free of charge, to learn about your business and your needs.

Your agent will get quotes from multiple insurance companies so you can make the best choice on a blend of coverages at an affordable price.

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TrustedChoice.com Article | Reviewed by Paul Martin

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