Get up to a 40% discount on your Excavation Contractor Insurance with PBIB’s custom insurance quotes that consider your specific coverage needs. As a standard procedure, PBIB utilizes multiple insurance carriers to ensure you receive the most affordable price and comprehensive coverage. Additionally, all insurance policies come with flexible payment options, including monthly or annual payments.

We typically recommend the following coverage for Excavation Contractor

Our objective at PBIB is to offer comprehensive coverage that safeguards your Excavation Contractor business against any potential losses. As insurance brokers, we have the flexibility to select from a range of insurance programs and tailor them to meet your specific insurance requirements. To protect your business from losses that may arise from property damage, personal injury, employee injuries, damage or loss to vehicles or tools & equipment, including legal fees and indemnity, we strongly recommend the following coverages:

• General Liability
• Workers Compensation
• Commercial Auto
• Professional Liability
• Tools and Equipment
• Property
• Bonding

 

Save up to 40% on Excavation Contractor Insurance

PBIB’s standard practice is to quote your insurance through multiple insurance carriers to provide you with the best price and coverage that meets your specific needs. All policies have adjustable payment terms, such as annual or monthly payments.

EXCAVATION CONTRACTOR STANDARD COVERAGES

 

General Liability

Occurence Limit	$1,000,000
Product Completed Ops	$2,000,000
Each Occurence Limit	$1,000,000

Worker’s Compensation

Limit

$1,000,000

Commercial Auto

Limit

$1,000,000

Tools & Equipment

Limit

$10,000

Excess Liability

Limit

$1,000,000

 

Notes*

1. The Contractor’s Tools and Equipment limits should accurately reflect the value of their owned, leased, or rented tools and equipment.
2. If the risk of loss exceeds $1,000,000, or contractual requirements mandate higher liability coverage, then additional Excess Liability coverage should be considered.
3. Professional Liability coverage is generally unnecessary unless the General Contractor is performing Design-Build, Construction Management, or other consulting services.

 

We offer services to help you get the business insurance coverage you need.

General Liability for Excavators

General Liability is the most important insurance coverage for excavators because it protects your company from third-party claims such as property damage or jury verdicts because of your work product. It only takes one minor hiccup to permanently alter the course of your business. If a third party suffers bodily harm or property destruction as a result of your company’s negligence, the resulting lawsuit could seriously harm, if not destroy, your business. Our general liability insurance will protect your business assets, your employees, and your overall company from vulnerable circumstances and devastating lawsuits.

General liability insurance may be required by law for your Excavation Contractor license in the state or county where you work. PBIB provides full-service certificates Monday through Friday and 24/7 self-service certificates, this is what we call “Insurance on your time”.

General Liability for Excavators can help you pay for:

• Medical payments for 3rd party injuries
• Property damage to 3rd party property
• Legal fees and defense

 

 

 

 

 

Worker’s Compensation for Excavators

Worker’s compensation is insurance that provides financial benefits and medical care to employees who are injured or become ill because of their work. Excavator operators are at risk of various injuries due to the nature of their job, such as crush injuries, falls, and repetitive stress injuries. Worker’s compensation is particularly important for excavator operators, as it can cover the high costs of medical treatment and lost wages. If you’re an excavator operator, it’s crucial to know your rights and protections under worker’s compensation laws in your state.

Workers Compensation may be required in your state or county where you work for your Excavation Contractor license. PBIB provides full-service certificates Monday through Friday and 24/7 self-service certificates, this is what we call “Insurance on your time”.

Workers’ Compensation for Excavators can help you pay for:

• Medical expenses of your injured employees
• Disability & Retraining of your employee.
• Lost wages
• Survivor benefit
• Employer liability

 

 

 

Commercial Auto for Excavators

Without your company vehicles, it’s simply not feasible to operate your Excavators and transport necessary materials and tools to the jobsite. PBIB understands the essential role your wheeled workforce plays, and we provide the insurance coverage you require to ensure that any damage or theft to your trucks doesn’t hinder your ability to work efficiently. Our priority is to get you back to work as quickly as possible.

Excavators rely on Commercial Auto insurance as a crucial insurance coverage, often mandated by projects. Our comprehensive insurance certificates are available from Monday to Friday, enabling you to commence work promptly. In addition, our 24/7 self-service certificates offer you the flexibility to obtain “Insurance on your time”.

Commercial Auto for Excavators can help you pay for:

• Hired & Non-Owned Auto, Legal defense from employees driving their own vehicles.
• Medical expenses from injuries
• Collision repairs to your and 3rd party vehicles
• Legal fees & Defense
• Rental vehicle reimbursement

 

Tools & Equipment Insurance for Excavators

Excavators rely on Commercial Auto insurance as a crucial insurance coverage, often mandated by projects. Our comprehensive insurance certificates are available from Monday to Friday, enabling you to commence work promptly. In addition, our 24/7 self-service certificates offer you the flexibility to obtain “Insurance on your time”.

Tools & Equipment for Excavators can help you pay for damaged or stolen:

• Tools & Equipment owned or rented by you.
• Employee tools and equipment (Optional)
• Borrowed equipment (Optional)
• Cost of renting interim equipment (Optional)

 

Professional Liability Insurance for Excavators

Excavation work is risky to people and property. Professional liability insurance (also called errors and omissions insurance) can protect excavators from losses due to mistakes or negligence. This insurance covers legal costs and damages resulting from claims made by clients, third parties, or regulators for errors, omissions, or negligence during excavation. Without this insurance, excavators could face financial losses that could harm their business. Excavators should review their policy carefully to ensure it covers the risks of their work and work with a reputable insurance provider to stay protected.

Professional Liability Insurance can help your business with:

• Protection against Legal risk
• Coverage for claims and financial risk related to errors and omissions in their work.

 

License Bonds for Excavators

A license bond is a type of surety bond that some states require excavators to obtain before they can operate legally. The bond helps ensure that the excavator will follow all relevant laws and regulations related to their work, and that they will fulfill any contractual obligations they have with their clients.

If an excavator does not comply with these requirements, a claim can be made against the license bond. If the claim is found to be valid, the bond company will compensate the claimant up to the amount of the bond. The excavator is then responsible for repaying the bond company for any payouts made.

Getting a license bond can give clients and regulators confidence that an excavator is committed to operating with integrity and following the rules. It can also help protect the excavator’s business by covering any losses that may arise from claims against their license.