The Role of Telematics in Construction Equipment Insurance
The construction industry is evolving rapidly, with technology playing a pivotal role in streamlining operations and managing risks. One of the most transformative advancements is telematics—a technology that integrates GPS, sensors, and wireless communication systems into construction equipment. Telematics provides real-time data on equipment location, usage, and performance. In insurance, it’s changing how risks are […]
The U.S. Mobile Crane Market: Growth and Risk Insights
The U.S. mobile crane market is on a solid growth trajectory and is projected to expand at a compound annual growth rate (CAGR) of approximately 6.7% between 2024 and 2028. As specialists in mobile crane insurance, New Heights Insurance understands the unique risks and opportunities this growth presents to crane operators and contractors. What’s Driving […]
Construction Companies Insurance – How Do You Know?
A construction company can evaluate whether they have good insurance coverage by assessing several key factors and regularly reviewing their policies. Here are some steps and considerations to ensure their insurance coverage is adequate: 1. Comprehensive Coverage Types of Insurance: Ensure you have all necessary types of insurance, such as General Liability, Workers’ Compensation, Equipment […]
Insurance Challenges for Construction Companies
Mobile crane insurance presents several challenging aspects due to the unique risks and operational complexities. Here are some key challenges: High-Risk Nature of Operations Accident Potential: The use of mobile cranes involves significant risks of accidents, including crane collapses, tipping, and load drops, which can lead to severe property damage, bodily injury, or fatalities. Operational […]
New Heights and Skyward Specialty Partner to Broaden Crane and Rigging Products, Offerings
Houston, TX (March 26, 2024) – Skyward Specialty Insurance Group, Inc.TM (NASDAQ: SKWD) (“Skyward Specialty”) a leader in the specialty property and casualty market, and New Heights Insurance Solutions (“New Heights”), a division of Specialty Program Group LLC, announced a strategic partnership to expand crane and millwright capabilities for both companies. With more than two decades […]
Navigating the Highs and Lows: A Comprehensive Guide to Mobile Crane Safety and Insurance
Each year, mobile crane incidents lead to injuries, fatalities, and property damage. To mitigate these risks, hire skilled operators, comply with manufacturer’s guidelines, and implement safety standards. Even with these measures in place, accidents can happen. Mobile crane insurance from specialist providers such as New Heights can provide a safety net in such cases. The […]
Mobile Crane Communication
Crane operators must become familiar with hand signals to communicate key operational activities on the job site. Communicating with industry-specific hand signals ensures safety for the operator and other workers before, during, and after crane operation. As crane insurance specialists, we know all too well the hazards that can be avoided when a qualified signal […]
Benefits of Mobile Cranes
There are many instances when mobile cranes are ideal for particular tasks or job sites. Here are some of the benefits of mobile cranes: Compact design. They can be navigated on job sites with limited space and obstructed access. Mobile cranes are regularly used in dense urban areas and on job sites via a small access […]
National Work Zone Awareness Week (NWZAW)
April 11th – 15th is National Work Zone Awareness Week (NWZAW). According to the Federal Highway Administration (FHWA), there is an alarming trend in construction work zone fatalities, and NWZAW is an opportunity for contractors and the public to focus on the issue. The attached whitepaper reflects our understanding of this significant risk and provides […]
Job Responsibilities: Mobile Crane Operators & Lift Directors
UNDERSTANDING YOUR DUTIES & PROTECTIONS ON THE JOB SITE: The American Society of Mechanical Engineers (ASME) volume B30.5 (mobile cranes) and the Occupational Safety and Health Administration (OSHA) have various standards for personnel involved in lifting operations. The criteria can protect you if followed: QUALIFICATIONS: Does your operator meet the qualifications and is Certified (By […]