What is Excavation Contractors Insurance?
Excavation work comes with inherent risks, including both the potential loss of property and potential accidents. Excavation contractors insurance offers Massachusetts businesses in this industry financial protection from many of the risks they face.
Excavation contractors’ insurance policies are specialized commercial policies designed for businesses in the excavation and demolition industry. Because these businesses face multiple risks, policies are normally underwritten as package policies that bundle several coverages together.
What Massachusetts Businesses Should Carry Excavation Insurance?
Most businesses in the excavation and demolition industry will find that excavation insurance offers them good protection. This tends to be the most suitable insurance for excavators, and not carrying insurance can have disastrous consequences.
This insurance may not be as well-suited that perform excavation work and construction work. While excavation policies are generally good at protecting against the risks associated with excavation, the policies don’t necessarily protect against all construction-related risks. There’s likely another insurance policy that’s better for these businesses.
An insurance agent who specializes in excavation and similar policies can help businesses that do excavation and other work find the best insurance for their situation. A knowledgeable agent will know what risks excavation policies can protect against, and they’ll have the expertise necessary to determine whether this or another policy is the best solution.