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.
These insurance policies cover the most common risks of grading and excavation work.
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).
A BOP bundles general liability coverage and commercial property insurance at a discount. It's often the most cost-effective type of insurance for excavation contractors.
Most states require workers’ comp for excavation and grading businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
This insurance covers bodily injuries and property damage caused by excavation and grading company vehicles. Each state has its own requirements for auto liability coverage.
Contractor's tools and equipment coverage helps pay for an excavation and grading contractor’s equipment and tools if they are damaged, lost, or stolen. It's a type of inland marine insurance.
Professional liability insurance covers legal costs when an excavation and grading company is sued for a mistake or oversight. It's also called errors and omissions insurance (E&O).
It's easy to get excavation and grading 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:
Insureon's licensed agents work with top-rated U.S. insurers to find the most affordable coverage that fits your excavation and grading business, whether you're a contractor, subcontractor, or employer.