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Best Insurance Rates For your Business
Excavation Contractors General Liability Insurance
Excavation contractor liability insurance allows you to focus on running and growing your company while reducing many common risks. Risks that are common to businesses like yours can crop up unexpectedly at any time. They’re often quite costly, particularly if you must pay to defend your company or its representatives in court, and pay settlements, repairs or medical expenses that were generated by the event.
Bodily Injury Coverage
$73 A Month
Excavation contractor general liability insurance pays for bodily injuries when they’re caused because of something your company or one of its workers did. It also protects you when legal allegations are made that your company is not at fault for. When accidents happen at your place of business, or at a location where you are conducting work operations, those accidents can cause physical harm. Harm that is severe enough often results in the accumulation of hundreds of thousands of dollars in medical bills, and the person injured expects your company to pay those bills. General liability protects you from having to pay them directly, by providing for them instead.
Property Damage Coverage
Excavation contractor liability insurance protects you when property gets damaged as well. Whether your equipment operator cuts a power line or the power coincidentally goes off around the same time your operator is working in the area, your company may be legally sued for the costs associated with making repairs. If you’re found to be at fault, the settlement costs are likely to be more than your company could bear alone.
Products and Completed Operations Coverage
Excavation contractor general liability insurance protects your company in the event that problems arise in the future that are linked to products you sold or services you provided. When the products or operations you provided are believed to have caused property damages, this section of your insurance policy pays for related legal defense costs and pays judgments if they’re ordered by the court.
Personal and Advertising Injury
Excavation contractor liability insurance helps pay for the costs to retain an attorney if you’re sued for advertising or personal injury related reasons. Personal injury lawsuits generally accuse you or your company of causing damage to another person’s reputation. Advertising injury suits may claim that you used unauthorized licensed materials in your advertisements.
Damage To Premises Rented To You
Excavation contractor general liability insurance provides assurances to the owners of property that your company rents or leases for business use. If your company is found to be responsible for damages such as holes in the wall or gouges in the asphalt in the equipment yard, this section of your insurance policy pays for the necessary repairs.
Medical Expense Limit
Minor accidents often cause injuries that require basic, inexpensive medical treatment. When these events occur, you can offer recompense without having to admit to being at fault. This allows the injured party to receive treatment at no cost to themselves, and often thwarts additional legal or medical expenses in the future.
Limits of Liability Insurance For General Contractors
Liability insurance limits the amount of benefits you can receive when you file a claim. The two types of limitations are on an individual basis and aggregate basis. Individual means that there is a maximum amount paid to each person for each claim. Aggregate means that there is a total maximum combined benefit pay out no matter how many claims are filed.