Insurance for Cranes, Rigging, Millwright & ConstructionInsurance for the Construction Industry is growing more complex everyday. You need a broker you can trust to ensure your business is protected and your operation keeps moving smoothly. From OCIPs to crane rental and railroad protective policies, we have you covered. Contact us
Important Insurance Coverages to Know
Crane insurance typically refers to physical damage to the crane itself. If you rent cranes, you need crane rental insurance with a limit high enough to cover the rental.
General liability for a crane or rigging company covers bodily injury and property damage. The cost of general liability for a crane company is based on revenues, scope of work, and location. The premium can vary greatly depending on State laws where you operate. Typical GL limits are $1 million per occurrence and $2 million general aggregate. However, limits of $2 mlllion / $4 million are sometimes available.
Umbrella & Excess Liability
Many construction contracts require an umbrella or excess liability policy. Umbrella policies generally provide additional limits over both auto and general liability, while excess liability provides higher limits over only GL. The cost of an umbrella or excess policy for a construction company depends on many factors. Most contracts in larger cities require contractors to carry a minimum umbrella limit of $5 million.
Workers compensation is mandated in nearly every state. A work comp policy provides benefits for employees injured on the job. The rates for operators can be quite significant due to riskier nature of construction and cranes in particular. It’s very important to have a knowledgeable broker to help you properly classify your payroll.
Additional safety measures must be taken when rigging a crane. Serious damage and injuries can occur otherwise. Any rigging work must be performed by qualified riggers. follow these tips to prevent claims while rigging on construction sites.
Be careful when reviewing certificates from your subcontractors. A fraudulent certificate recently resulted in a business owing an additional $100k on their workers compensation audit.
What We Offer
Knowledge is power. Arm yourself with the most knowledgeable brokers in the market.
If your operation includes any of the following operations our program will reduce your insurance costs and give you the greatest fire power in the event of a claim.
Crane and Rigging ~ Millwright ~ Heavy Hauling ~ Tower Cranes ~ Industrial Rope Access ~ Bare Crane Rentals ~ Crane rentals with Operators ~ Boom Trucks ~ Heavy Construction Equipment ~ Specialty Transport Operators
Contract Analysis ~ Indemnification and Subcontractor Agreements ~ Online Risk Management ~ Training and Education Programs ~ OSHA and Regulatory Information ~ OSHA Inspection Assistance
Our Work Flow
AnalyzeWhat are your exposures? Do you have Indemnification & Hold Harmless Agreements? Subcontractors?
ImplementationAppropriate insurance limits and coverage is placed. Contracts are enforced. Safety program initiated.
Hands On SupportWe’re in touch with our clients daily. Whether it’s increasing limits, surety bonds, or contract questions, we’re here.
Frequently Asked Questions
There is an overwhelming amount of information needed to successfully run a rigging, millwright, or construction operation. Regulations and State Laws are constantly changing. Projects are asking for higher and higher limits. Healthcare expenses are soaring. There are so many factors impeding today’s businesses from focusing on what they do best. We can provide you with the knowledge, tools, and expertise to navigate the headaches and put your attention on running your business.