Heavy Lifting Protection
Crane Industry Insurance
Crane industry insurance in Mississippi is for a number of different types of businesses and individuals. Cranes and operators for hire, crane repair services, riggers, and crane rental operations need a few different insurance policies to protect their operations. Crane repair or rental operations, licensed crane operators, and master riggers also need commercial insurance.
- Mobile & Tower Crane Operators
- Crane Rental Operations
- Crane Repair Operations
- Boom Truck Operator
- Service Truck Crane Operations
- Crane Inspectors & Lift Directors
- Concrete Pump Truck Operators
- Heavy Haul Trucking Operations
- Specialized Transportation Operations
Crane industry coverages Mississippi operations need
Commercial general liability covers damage to property or bodily injury insurance claims as a result of your business operations. If a property is damaged or a person is accidentally injured by the operation of a crane, general liability covers the losses.
Riggers who lift heavy and expensive equipment such as commercial air conditioning units are liable for damages to goods on the hook or while in transit. They should have a riggers liability policy to cover any potential damage to others’ property they are lifting, hauling, or moving. Riggers liability isn’t the same as general liability. It is a specialized policy that either stands alone or is sometimes added as an endorsement to a general liability policy.
Crane and rigging operations have their own set of risks and dangers. Most states have laws that require companies to have a workers compensation policy. Workers compensation or workers comp insurance replaces wages and provides medical benefits to employees who suffer an on-the-job injury regardless of fault. Employees who accept workers comp relinquish their rights to sue their employer for negligence.
Insurance that protects your property in the event of damage or theft.
Crane operations in Mississippi should be especially mindful of how location affects commercial property coverage. If your business is on or near the Mississippi Gulf Coast, you’ll want to ensure your property is adequately protected from wind, hail, and floods caused by hurricanes and tropical storms.
Covers equipment that isn’t a permanent part of a specific location. Inland Marine, also called a cargo policy, protects a customer’s goods and property while in transit. Warehouse liability can also be part of this policy to cover goods in storage.
Commercial auto coverage insures vehicles owned, leased, hired, or borrowed by businesses. Auto liability insurance is needed to cover cranes driving on public roads. It works the same way as liability insurance for a cargo truck or passenger vehicle.
Commercial umbrella insurance covers losses and lawsuits that exceed your primary insurance coverage. It is a separate policy over and above general liability intended to protect your business against gaps in coverage and is often required for proper crane and rigging liability coverage on most projects.
Additional coverages to consider
Depending on your type of operation and where you’re located, there are different types of coverages that may benefit your business.
Covers events excluded by other policies, such as an explosion.
Covers loss of earnings if your business income is affected by equipment failures and repairs.
An addition to inland marine insurance that covers equipment while it’s being transported between jobs.
Our Crane Industry Specialist
Ian Cross is our resident expert on crane industry insurance in Mississippi. Ian has decades of commercial insurance experience. He’s especially familiar with how weather risks on the Gulf Coast can affect business.
Whether you’re a single operator or an established crane operation, we can help answer your questions and provide insurance quotes from multiple companies.
Our job is to make sure all of our business partners are properly protected with insurance coverages that fit their individual business needs. We’re all about properly protecting businesses, not just providing the cheapest coverage and moving on. For us, it’s about partnerships, not just selling policies.