Florida Excavator Insurance quote and information.

1. How do insurance companies define Excavator?
2. What risk exposure do Excavator Contractors have?
3. What is the price of Excavator insurance?
4. Is insurance for Excavator required in Florida?
5. What coverages are common to Excavator businesses?
6. Can you provide insurance anywhere in the state?

How do insurance companies define Florida Excavator Insurance?

Excavating contractors dig the necessary openings needed for foundations, as in the case of buildings and structures or trenches for utility operations. Some, but not all, excavation contractors will provide related services such as grading of the land, land clearing, or even the hauling and disposal of earth and debris; but the primary concern of an excavator is to dig. The risks are many, mitigate them with Florida Excavator Insurance.

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What risk exposure do Excavator Contractors have?

Property Exposures

At the excavator’s own location usually consist of an office operation, equipment, and vehicle storage. Property exposures are generally low hazard

Inland Marine Exposures

Exposures to the excavation equipment revolve around the transport to and from the job site. Much of the machinery and equipment is heavy, large specialty equipment that has unique transport exposures. The training of drivers and haulers, especially with respect to the loading, tie-down, and unloading, is an important area to evaluate.

Further equipment exposures develop from the actual use of the equipment during construction. Frequently, the construction site presents uneven ground in a rural area. Equipment may be subject to striking underground objects during excavation; striking utilities; falling into holes or pits; slipping or falling into mud, water or sinkholes; rock, land or mud slides; and fire from overload. Equipment may be subject to water hazards, drop and fall from heights, or being struck by other vehicles. If equipment is left at job sites, theft and vandalism may be significant hazards.

Premises Liability Exposures

Is an area of high concern. Digging and other operations on site pose numerous hazards, especially if the contractor exercises inadequate control of the site. There is the potential for injury to the public or to employees of other contractors due to trips and falls over debris, equipment, or uneven ground as well as a substantial attractive nuisance hazard, especially if work is close to residential areas. The potential to strike and disrupt utilities, and the resultant damage of utility property or the loss of services to neighboring residences or businesses may be catastrophic. A significant morale hazard may be indicated by the absence of detailed procedures to determine utility locations and to research prior uses of the land.

Excavating in an area of existing structures requires extra vigilance to prevent foundation and structural damage to nearby buildings. Hazards increase significantly in the absence of job site control, including spotters, signage and barriers where appropriate. Once a hole is excavated, there must be shoring up if people are to work in the hole.

Automobile Exposures

Can be high, especially in the transport of materials and machinery and equipment, especially in areas where roads are narrow and the ground uneven, increasing the risk of collision and upset losses. Age, training, experience and drivers’ records, as well as age, condition, and maintenance of the vehicles, are all important items to consider.

Workers Compensation

Has many potential loss opportunities. Lifting strains and crush injuries may arise at any phase of the operations. From the clearing of the site to the excavating of the pit or trench, frequent and severe losses can occur from striking objects or utilities, especially electrical cable or gas lines; collapse of retaining or holding walls; mudslides; landslides; underground water; and sinkholes.

Serious injuries may also arise during work with hand tools, heavy machinery , or from the carelessness of fellow employees.

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What is the price of Excavator insurance?

There’s no single price, because insurers rate each excavation business on its own details. The biggest factors are the ones our quote form asks about: your payroll and number of employees, which drive the workers’ compensation premium; your annual revenue; how much of your work is residential or new residential construction; whether you work above three stories or do any roofing; whether you use subcontractors and whether they’re insured; the liability limits you want; your years of experience; and your claims history.

Send us those details through the quote form and we’ll compare options from the insurance companies we represent.

Is insurance for Excavators required in Florida?

If you hold a state underground utility and excavation contractor license, Florida’s Construction Industry Licensing Board requires you to carry at least $100,000 of public liability insurance and $25,000 of property damage insurance for as long as the license is active (Rule 61G4-15.003, Florida Administrative Code).

Excavation is part of the construction industry, so Florida requires workers’ compensation as soon as you have one employee. Owners who are corporate officers or LLC members count as employees unless they hold an exemption (Florida Division of Workers’ Compensation). Your county, and any general contractor you work for, may also require proof of insurance before you start a job.

What other insurance should a Excavators consider?

Business Personal Property, Contractors’ Equipment, Employee Dishonesty, General Liability, Employee Benefits Liability, Umbrella Liability, Automobile Liability and Physical Damage, Hired and Nonownership Auto, Stop Gap Liability, Workers Compensation

Can you provide insurance anywhere in the state?

We have helped customers all across the state of Florida. Below are some of the cities we have done business in.