A collapsing crane on a busy Seattle, Washington street broadcast on news sites is one example of the enormity of risk involved in related construction business. Notwithstanding vehicle damage and traffic gridlock, the resulting injuries and loss of life places associated insurance coverage at the forefront.
Related: spotlight on scaffolding risks
As depicted in this particular tragic episode, those involved in crane and rigging contracting, face the possibility of terrible accidents that could cause immense financial pain or ruin when called to task. An associated insurance program can cover the full spectrum of a mishap:
- Bodily injury
- Personal injury
- Property damage
- Loss of utility usage
- Data loss
In view of the immense exposure the heavy construction industry is up against, liability limits are high. Additionally, commercial umbrella policies should be in place.
The following contractors are eligible for related insurance coverage:
- Crane operators
- Derrick operators
- Steel erectors
- Millwright contractors
For the answers to any crane or related contracting business, speak to the experienced professionals at Prime Insurance Agency.
PRIME Insurance is a three-generation family-run independent agency. We’re proud to partner with many of the leading underwriters – recognized companies like ACE, AmTRUST, ASI, ASSURANT, CHUBB, CNA, Employers, FOREMOST, Liberty Mutual, MetLife, PROGRESSIVE, Safeco, StillWater, Travelers, THE HARTFORD, USLI, ZURICH and more. This gives us the ability to provide all forms of nationwide coverage and bonds at competitively lowest quotes. Visit us on our online insurance website or email us at PRIME [at] primeins [dot] com or call us at 732-886-5751 and HAVE A PRIME DAY™!
Summary: The heavy construction industry involved in crane and rigging operations faces exceptionally high exposure to risks. An all-inclusive insurance program covering the perils can protect related business.