What is Excavation Contractors General Liability?

An excavation contractors’ general liability policy is designed to provide financial protection against common business claims that may arise from accidents or damage on the job site or at the business owner’s premises.

Why do I need it?

Business Protection – The main objective of liability insurance for excavator operators is to safeguard businesses against lawsuits that may arise due to:

• Liability Incurred as a Result of Accidental Incidents
• Liability Assumed Under a Contract
• Liability Incurred as a Result of the Insureds Products
• Liability Incurred as a Result of the Insureds Employees

Company Compliance – State licensing boards and project owners typically require a valid certificate of excavators’ general liability insurance before the onset of operations.
Marketing Benefits – By presenting evidence of excavation contractors’ general liability insurance, business owners can demonstrate to potential clients that they prioritize accountability for their operations and products, establishing an advantage over competitors and increasing their chances of securing bids.
Property Landlords – Most commercial management firms mandate business owners to provide proof of adequate excavators’ liability insurance to obtain a lease.

What does it Cover?

Excavators’ business liability insurance plays a vital role by granting businesses financial security in cases of third-party bodily injury and property damage claims. It covers legal defense costs and compensatory damages up to the policy limit.

It safeguards excavation contractors from unexpected costs arising from incidents such as:

• Third-Party Bodily Injury
• Third-Party Property Damage
• Business Products-Completed Operations
• Third-Party Personal-Advertising Injury

What is a Certificate of Insurance?

A certificate of insurance is an official document verifying the existence of an excavation contracting business’s general liability policy, limits, and coverages.

What is an Additional Insured?

An additional insured (AI) refers to an individual or entity other than the policyholder granted coverage under an insurance policy. It is the most commonly requested endorsement in a general liability policy for excavation contractors.

How much is it?

The pricing of excavators’ commercial liability insurance considers various factors, including the specific nature of the work performed, historical claims data, geographical location, and previous insurance policies held.

By tapping into our team’s expertise and industry connections, we will engage with the most reputable insurance markets for coverage options suited to your business needs and financial framework.

What are my Payment Options?

We work with carriers that provide multiple payment options for obtaining a general liability quote for excavators, allowing you to select the most convenient choice for your business.

Full Payment Option – Pay the premium with one payment.
Direct Bill Option – Pay the monthly premium to the carrier directly.
Financing Option – Pay the monthly premium through a finance company.

Why Choose Us?

With our unwavering dedication to the construction industry, Fairbanks Insurance Brokers offers expert guidance to prospective clients seeking excavation contractors’ general liability coverage.

Our strategic partnerships with top providers deliver unprecedented access to the most competitive markets, ensuring the most cost-effective rates for residential and commercial risks.