Operating a crane in a small cabin, hundreds of feet above the ground is certainly one of the more interesting ways to make a living. However, crane owners and operators face a certain amount of financial risk. This makes having crane insurance absolutely paramount.
Why Do You Need Crane Insurance?
Crane insurance is a must-have for a number of reasons. First, there are the liability issues to worry about. Cranes are often responsible for moving very heavy items which can easily hurt someone or damage property if the crane operator makes a mistake or if someone is in the wrong place at the wrong time.
In addition to liability risks, cranes and the cargo they move are often very expensive. If something gets damaged, it can be very costly to replace without insurance.
What Types of Coverage Can You Get With Crane Insurance?
There are a number of different types of crane insurance coverage available. Some of the more common options are:
- General liability insurance
- Umbrella coverage
- Workers’ compensation insurance
- Rigger’s liability insurance
- Equipment breakdown insurance
- Physical damage coverage
Operating a crane definitely comes with a certain amount of financial risk. Crane insurance can make all the difference and can potentially save you a lot of money.