October 25, 2024
Dorsal Insurance
Excavation And Grading Insurance In Flordia
Why do Excavation And Grading businesses need Insurance?
As an excavation contractor, you likely face significant risks each time you begin to move earth. There may be soil removed from a job site impacting stability, which causes damage to neighboring property. You may also face risks associated with equipment operator error, hitting underground utilities that can cause widespread damage, and worker injury from strains or falls from equipment. Being caught in or under heavy materials and equipment are additional concerns, as are changing soil conditions that may cause landslides or mudslides. These are just a few of the issues Travelers has considered when offering excavator insurance.
What kind of Contractors is Excavator Insurance right for?
- Excavation work
- Foundation digging
- Grading of land
Why Is Insurance for Excavation Contractors Important?
Reflect on all the hours you’ve spent learning everything you know, conversations held to keep projects running smoothly, and responsibilities that fall to you as a business owner. If you don’t take steps to protect your business against what could happen, you stand to pay the price in the future.
Did you know that up to 43% of small business owners polled reported being threatened with or involved in a civil lawsuit? That means you could be one of the lucky businesses that never face legal action as the result of an accident.
That’s not a bet we suggest you make, though, especially considering the costs you could encounter. The average expenses that small business owners without insurance can be exposed to include:
- $30,000 for property damage or accident claims
- $50,000 for reputational harm claims (e.g., in cases of slander or libel)
- $20,000 for a customer slip-and-fall case
Take a moment to imagine if you found yourself in a position where you needed to pay thousands of dollars to a customer. Could you pay in cash? Are you willing to take out a loan? Having excavation insurance could help offset those costs up to your policy limits.
We understand that you may be reluctant to add an extra expense each month. After all, you need to spend your time and money wisely. Luckily, you don’t have to pay for more insurance than you need. Each insurance quote is tailored to you, so you can avoid overpaying for a policy above your needs.
In addition to protecting your business from accidents, excavation insurance also can help your business grow. Some landlords require a certificate of insurance (COI) as part of their lease agreement, so getting covered may help you secure a shop office.
Being able to prove coverage also may build trust between you and vendors, customers, and potential employees.
Call Dorsal Insurance today for a quote at 786.601.2485
Excavation And Grading Insurance In Flordia
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