INSURANCE FOR EXCAVATION AND LAND CLEARING COMPANIES
As a company that specializes in land clearing and excavation sites, it is important to have the proper insurance so that you can be covered in case of a lawsuit or complaint. Fortunately for excavation specialists, landscapers, and companions that work with land clearing including the use of tractors and other equipment, there’s plenty of options when it comes to coverage. With the right policy, you and your business will have an easier time providing services to customers and avoiding potential risks that can interrupt your operations.
TYPES OF INSURANCE COVERAGE
There are numerous types of coverage for all contractors. Each of these types of policies can cover a specific aspect of your operations whether it’s excavation, land clearing, or landscaping. It is highly recommended that you look into all of the relevant policies so that they can ensure proper coverage at all times.
• Building Risk Coverage
This type of coverage protects builders and owners against damage that occurs when earthwork is done around buildings that are under construction. A builder’s risk policy will protect all of the materials, equipment, and property associated with a given project.
• General Liability
All businesses operate with a certain amount of risk. For excavation specialists and landscapers, there are a number of risks that need to be accounted for. With general liability coverage, your business will be able to get coverage for bodily injury, property damage, advertising liability, and rental coverage.
• Tools & Equipment Coverage
This type of policy provides coverage for any tools and equipment that an excavation or landscaping business uses. The policy covers professionals in all occupations in the field such as tractor and heavy machinery operators, ground staff, engineers, and contractors. Having this policy will help your business get compensated in case tools and equipment are lost, stolen, or damaged.
HOW IT WORKS
When looking to get a policy that provides this type of coverage, you will need to go through a simple process. You can contact one of our commercial specialists here at Mountain Pacific so that we can tailor your needs to the perfect coverage. Once approved, your coverage begins based on the start date and monthly premiums.
There are many benefits to getting this kind of policy. One of the benefits is that these policies will provide another layer of protection and help your business avoid financial ruin in a lawsuit. These policies will also help your company stay compliant with any regulations pertaining to the industry. Having one of these policies will also allow your business to stay licensed and bonded as well.
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