Excavator insurance

Everything You Need To Know About Excavator insurance

If you operate an excavator business, then you need to make sure you have the right type of coverage that can protect you and your business. Below are the four things you should look for when choosing the right excavator insurance. Consider each of these factors carefully before choosing the right coverage.

4 Things to Remember with Excatavor Insurance

1). Does the insurance provider specialize in excavation insurance?

While there are a number of companies that offer coverage for excavation companies and contractor, not all of these companies have the same level of expertise and experience. It is a good idea to find out what insurance company your local and regional competitors are using and create a short list based on those companies. Also, ask the insurance company several references of companies similar to yours that are on their client list.

2). Does the policy offer enough liability coverage?

The last thing your company needs is to be exposed to more liability than your coverage provides. You should make sure that your insurance policy provides for more coverage than what you think you’ll need. Sure, you may pay a little more in monthly premiums. However, this is a small price to pay versus an unexpected large liability claim that can leave you personally exposed. 

3). Look for a policy that provides coverage for your commercial vehicles

If your company owns and operates commercial vehicles, then it is important that you have complete coverage for you and your drivers. Accidents can not only happen onsite but, they can also happen on the road to and from the job site. Ensure that your commercial coverage has the same comprehensive coverage as all other aspects of your company.

4). Don’t forget workers comp

If you have employees, then you will want to make sure that you have enough worker’s comp coverage. You want to make sure that your employees are covered by accidents and other mishaps. Also, you will want to ensure that your business is properly protected. 

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Our agency offers everything your excavation company needs to stay completely covered. Contact us today for an instant quote. From liability to equipment, vehicle and worker’s comp, we have your business completely covered. 

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