Excavation work is a critical part of many construction projects, but it comes with significant risks. At FRM Group Insurance and Financial Services, we understand these and other construction risks and offer specialized contractors insurance to help protect your business from potential financial losses.

Understanding Excavation Insurance

Excavation insurance includes protection for property damage, bodily injury, equipment damage, and other liabilities that may arise during excavation activities. While not legally required, having excavation insurance is highly recommended due to the substantial costs associated with repairing or replacing machinery and addressing liability issues.

Types of Coverage

Our Excavation Insurance policies offer a range of coverages, including:

• General Liability Insurance: Protects against bodily injury, property damage, and other liabilities.
• Contractor Plant & Machinery Insurance: Covers machinery and associated items, even when operating at different locations.
• Workers' Compensation Insurance: Provides benefits to employees injured or ill due to their work.
• Commercial Auto Insurance: Protects vehicles used in excavation work.
• Property Insurance: Covers your business property, including buildings, equipment, and tools.

Policy Inclusions and Exclusions

Inclusions may cover:

• Damage from falling objects, fire, or explosions.
• Liability for damage to underground utilities or neighboring properties.
• Injuries sustained by employees or third parties during excavation work.

Exclusions may include:

• Damage from intentional acts or criminal activity.
• Damage from natural disasters like earthquakes or floods.
• Damage from vehicles not covered by the policy.

The Importance of Insurance for Excavations

Excavation machines are powerful and often used in hazardous environments such as construction sites and mines. Their size and weight mean they can cause significant damage if not operated properly. Insurance is essential in these two areas:

Risk Management: Accidents can happen, even with experienced operators. Insurance helps protect your business from lawsuits, medical expenses, and property damage. It also covers the cost of repairing or replacing damaged or stolen equipment.

Financial Protection: In the event of an accident or equipment damage, insurance covers repair or replacement costs. This financial protection helps keep your operations running smoothly without significant financial losses.

Choosing the Right Excavation Insurance

At FRM Group Insurance, we partner with reputable insurers to provide the best contractor insurance. Our goal is to help you focus on your work without worrying about the financial and legal consequences of accidents or damage. Contact us today for a free quote and to learn more about how we can protect your business with our comprehensive Excavation Insurance policies.



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