What insurance policy should you select to safeguard your mobile crane operations?
Commercial General Liability Insurance (CGL) represents a crucial safety net for mobile crane owners and operators. It provides comprehensive coverage against a wide range of potential claims, such as:
- Personal injury
- Bodily injury inflicted on a third party
- Property damage
- Personal and advertising injury (including defamation and false promotion)
Whether you possess an extensive crane fleet or operate a few mobile cranes, there are key insurance components that are universally applicable.
Discussing your coverage requirements with an insurance professional who appreciates the specialized protection that each crane operator may need is essential. For instance, operators should evaluate if they need the following types of coverage based on their specific business activities:
- Riggers Insurance – Covers contractor liability when handling property belonging to others (such as relocating a piece of furniture using a crane to an upper-level floor of a business establishment).
- Inland Marine Insurance – Provides Physical Damage coverage for your crane and or other contractors’ Equipment.
- Waiver of Subrogation – Prevents an insurer of one party from seeking subrogation (requesting the at-fault party to compensate the insurance company for the claims payment) against the other party in case of loss or injury.
Is it time to reassess your mobile crane insurance coverage? Ask New Heights Insurance specialists about our tailored insurance offerings designed to protect mobile crane operators.