Excavation Insurance
Get Excavation Insurance for your business with Northeastern Insurance!
As an excavation contractor, you face significant liability risks each time you begin to move earth. These can include risks associated with adequate soil compaction and meeting proper grades for water runoff, as well as first-party property damage exposures to heavy equipment. Additionally, excavators face risks associated with equipment operator error; hitting underground utilities that can cause widespread damage; and worker injury from strains, falls from equipment, or being caught in or under heavy materials and equipment.
What Does Excavation Insurance Cover?
The excavation industry comes with its own set of unique risks that could impact you, your crew, and your machinery. Thankfully, Northeastern Insurance helps protect your business’s financial interests with a suitable excavation insurance portfolio. We personalize coverages based on our extensive knowledge of the construction industry, and specifically design them to meet the needs of our customers.
Coverages We Offer
Review these coverages to customize a policy specific to your business:
Coverage that can help protect from many of the unexpected financial challenges that may result from the risks that come along with excavation business. For any injuries, property damages, or medical expenses you and/or your employees have on the job- make sure all parties are protected.
Workers compensation insurance is required in New York State and provides medical benefits, loss of wage, and coverage for rehabilitation costs if an employee has a work-related injury or illness. No one ever plans for an injury or illness, so it’s important to have the right coverage for when you least expect it!
For any vehicles or trucks that are used solely for business purposes, have coverage in place if they are ever involved in any accidents or claims.
Provides financial protection for your business’s property that is delivered on land. This can include equipment, products, parts and materials being shipped “inland” by automobiles, trucks and trains.
Provides extra liability protection by taking care of costs that go beyond your other coverage limits. Commercial umbrella insurance complements your other liability policies by stepping in when your other liability coverage limits have been reached.
Also known as Errors and Omissions coverage. Professional liability insurance provides protection from the risks one faces that are directly a result from delivering the professional service. Accidents happen, but business shouldn’t have to suffer as a consequence. Have coverage in the event a customer sues due to negligence, regardless if your business is at fault or not. Professional liability will cover the cost of legal fees, as well as any settlement or judgment.
Connect with a Local Agent to Learn More
For your excavation business you own or are aspiring to own, consult with a licensed commercial agent to ensure you and your business have the right coverages at the best rate.