Rigging and Crane Contractors Insurance

Rigging and Crane Contractors Insurance is a group of insurance policies which are designed for the unique risks and needs of Crane Hoist and Rigging contractors. The most common forms of Rigging and Crane Contractors Insurance are: General Liability, Mobile Equipment, On-Hook and Riggers Liability, Property Insurance including loss of Income or Loss of Rents, Commercial Auto, Workers’ Compensation, and Excess or Umbrella Liability. Rigging and Crane contractors are unique contractors for several reasons. First is that they are hoisting, hauling and moving valuable property of others, requiring additional coverage for the property while it is being hauled. Another significant difference is that expensive equipment, the cranes, are leased to others, often to a General Contractor.

Why Rigging and Crane Contractors Insurance?

Rigging and Crane Contractors Insurance addresses the specific risks of crane contractors which simply cannot be adequately protected under a standard Commercial Package insurance policy. The high values of the equipment, high values of the property being hoisted, and the high liability exposures makes Rigging and Crane Contractors Insurance tricky to put together without using a specialty insurance program. Strictly from the standpoint of business planning, an adequate Rigging and Crane Contractors Insurance program is essential to getting contracts. All rigging jobs involve contracts that clearly state the obligations of each party, including the insurance requirements. From the risk management for a crane business, an uninsured accident can have serious impact on a business. Perhaps, it could mean the end of the business.

Applying For Rigging and Crane Contractors Insurance

Matching smart risk management techniques and the proper Rigging and Crane Contractors Insurance products will help in getting those valuable jobs while protecting your net worth. In order to apply for Rigging and Crane Contractors Insurance, applications will need to be completed including combined values for payroll, crane rentals with and without operators, values of the equipment, the average values of the property being hoisted, the highest value jobs for the last 3-5 years, and millwright receipts. All prior claims data should be provided for the insurance company to assess the risk and exposures.

Can my current Broker work with Apollo General for Rigging and Crane Contractors Insurance?

Yes! Apollo General is a Managing General Underwriter and licensed Broker in All States. We work directly with rigging and crane contractors across the country to meet and exceed their needs as well as with their current insurance brokers with access to our nationally acclaimed, “A” Rated Rigging and Crane Contractors Insurance Program.