Excavation Business Insurance

Affordable Protection for Your Excavation Business

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Excavation Business Insurance That’s Made Just for You

You’ve worked hard to build your excavation business. From building up your clientele base to performing top-quality work, you’re proud of how you’ve grown your excavation business. That’s why it’s important to keep it protected with personalized business insurance from people who understand exactly what coverage you need.

That’s where we come in. Simply Business can help you find and buy excavation business insurance in just minutes, so you can get covered faster. Plus, our excavation insurance policies are built around the needs of excavators like you.

What Insurance Do Excavation Businesses Need?

Running an excavation business can involve dangerous work, which means you’re exposed to risks like property damage and accidents. Plus, if an employee gets hurt on the job, that could leave your business exposed to lawsuits and medical claims. Your excavation business insurance should cover all of these risks, so you can get back to doing what you do best.

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General Liability Insurance for Excavation Businesses

General liability insurance — also known as commercial general liability (CGL) insurance — is a type of policy that covers costs associated with third-party accidents, property damage, and client lawsuits. Here’s why that’s important: without this coverage, your excavation business may be held responsible for those costs. That’s why we recommend that excavation businesses carry general liability insurance, as it can provide you with crucial protection.

General liability usually covers:

  • Bodily injury
  • Third-party property damage
  • Personal and advertising injury
  • Medical expenses
  • And more

General liability insurance usually does not cover:

  • Damage to your property
  • Professional services
  • Workers compensation or injury to your employees
  • And more

Learn more about General Liability Insurance.

Professional Liability Insurance for Excavation Businesses

Professional Liability insurance — which can also be called errors and omissions (E&O) insurance — provides coverage in the event a customer accuses your excavation business of negligence. If your customer sues your business for mistakes related to your work, your professional liability insurance may cover resulting damages and legal costs.

Professional liability insurance usually covers:

  • Negligence or alleged negligence
  • Legal defense costs
  • Claims involving libel and/or slander
  • Copyright infringement
  • And more

Professional liability insurance usually does not cover:

  • Intentional negligence
  • Bodily injury
  • Property damage
  • False advertising
  • Patents and trade secrets
  • And more

Workers Compensation Insurance for Excavation Businesses

If an employee gets sick or injured while working for you, workers compensation insurance can provide your excavation business with financial protection. Most states require businesses to carry this coverage as soon as you hire your first employee, so be sure to add it to your coverage.

Here’s how workers compensation insurance works: If an employee gets injured on the job, this insurance can cover medical costs and lost wages. Carrying workers compensation can provide much-needed security, as having this coverage in place prevents an employee from suing your business for workplace injuries.

How Much Does Excavation Business Insurance Cost?

While no two excavation businesses are alike, you can get a good estimate for what you may pay based on:

  • The number of employees and subcontractors who work for you
  • Your business location
  • The type of excavation services you provide
  • And more

Want to find out how much your excavation business insurance may cost?

Click here to answer a couple of questions so we can help you learn how much you can expect to pay for your excavation business insurance.