Business Insurance for Excavation Contractors

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Excavation
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Why do excavation businesses need insurance?

Whether you specialize in residential excavation or commercial grading, earth moving is a risky profession. A skid steer accident could result in costly medical bills, or theft of heavy equipment from a construction site could necessitate a loan. Excavation contractor's insurance can help cover financial losses from a Bobcat operator's injury, stolen equipment, and lawsuits.

Excavator digging at a construction site.
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Find the right coverage

Insureon helps excavation contractors find insurance coverage that matches your unique risks.

Get free expert advice and peace of mind knowing you have the right heavy equipment insurance for tractors, loaders, and other specialized risks.

What types of insurance do excavation contractors need?

These insurance policies cover the most common risks of excavation work.

General liability insurance icon

General liability insurance

A general liability policy covers third-party liability claims, such as property damage caused by a backhoe. Bundle it with commercial property insurance in a business owner’s policy (BOP).

BEST FOR
  • Slip-and-fall accidents
  • Damaged customer property
  • Product liability insurance
Workers’ compensation insurance icon

Workers’ compensation insurance

Most states require workers’ comp for excavation businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.

BEST FOR
  • Employee medical expenses
  • Disability benefits
  • Employee injury lawsuits
Commercial auto insurance icon

Commercial auto insurance

This insurance covers bodily injuries and property damage caused by excavation company vehicles. Each state has its own requirements for auto liability coverage.

BEST FOR
  • Property damage caused by excavation vehicles
  • Medical payments from an auto accident
  • Vehicle vandalism and theft
Contractor’s tools and equipment coverage icon

Contractor’s tools and equipment insurance

Contractor's tools and equipment coverage helps pay for an excavation contractor’s equipment and tools if they are damaged, lost, or stolen. It's a type of inland marine insurance.

BEST FOR
  • Equipment less than five years old
  • Equipment that travels to job sites
  • Small tools
Professional liability insurance icon

Professional liability insurance

Professional liability insurance covers legal costs when an excavation company is sued for a mistake or oversight. It's also called errors and omissions insurance (E&O).

BEST FOR
  • Accusations of negligence
  • Failure to finish a project on time
  • Undelivered services
Looking for different coverage? See more policies.

How much does insurance cost for construction businesses?

Man in construction vest and helmet calculating insurance costs.

A small business with a few workers will pay less for insurance than a large company.

Factors that affect premiums include:

  • Construction and contracting services offered
  • Business property and equipment
  • Business income
  • Types of insurance purchased
  • Policy limits and deductibles
View Costs

How do I get excavation contractor business insurance?

It's easy to get excavation business insurance if you have your company information on hand. Our application will ask for basic facts about your company, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:

  1. Complete a free online application
  2. Compare insurance quotes and choose policies
  3. Pay for your policy and download a certificate

Insureon's licensed agents work with top-rated U.S. insurers to find coverage that fits your excavation business, whether you're a contractor, subcontractor, or employer.

What our customers are saying
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"I had an urgent contractual requirement for insurance in December to pay before the end of the year. Holly Burton worked with The Hartford to send me an invoice around Christmas. I have saved hundreds in taxes."
Richard C.
Software / internet design
"Raynaldo made quick work of things. I told him what I needed, and ultimately I had a certificate of insurance in a matter of hours."
Michael D.
Programmer
"The response time was almost immediate. The options I was given were based on my company's needs. I received the policy in record time."
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