Excavation Contractors Insurance

Minnesota Excavation Contractors Insurance

Are you searching for excavation contractors’ insurance in Minnesota? Your search has ended.

Excavation Contractors Insurance – Excavation contractors, will find low general liability insurance here. We have a couple of special programs, and if you qualify, low-cost rates are just around the corner.

We are working with one-person operations to multi-million dollar operations. Trust us to keep your excavation insurance cost under control.

Our clients from all over: Minnesota, St. Paul, Coon Rapids, Mankato, Bloomington, Eden Prairie, and Eagan, to mention a few. Insuring excavation businesses is one of the things we do best.

We help Minnesota excavators by providing fast digger insurance quotes on the internet. Once you’re ready, sign electronically and call us with a payment, it’s that easy. Get your certificate of insurance fast!

Buy your excavation business insurance, equipment coverage & mini digger insurance from us. Let our local experienced Minnesota excavation contractors’ insurance agents help you today.

We are movers and shakers and make it happen! Please give us a call at 952-469-0425.

General Liability Insurance for Excavation Contractors

It would be best to have Minnesota excavation liability insurance / general liability insurance to help protect your business, and it is the core insurance policy for most excavation businesses in Minnesota.

General liability insurance covers bodily injury and property damage from third parties. It’s an important insurance policy for your business.

Often excavating insurance companies will include a property damage deductible ($1,000, $2,500, $5,000, etc.). Please consider this when determining the proper insurance for your MN excavation business. It can help reduce your small business excavation insurance cost.

Common limits of liability coverage are $1,000,000/$2,000,000. The $1,000,000 represents the per occurrence limit or claim. The $2,000,000 represents the aggregate limits or maximum per policy term limit for all claims presented.

Commonly, general contractors in Minnesota give specific requirements to our excavation friends. They often also look for commercial umbrellas,  commercial auto insurance, and workers’ compensation insurance.

Please email these requirements to us right away. It can sometimes change your excavation insurance rates, and having these requirements upfront saves time and helps you quickly secure a certificate and the contract.

Business Owners Policy (BOP) Excavation

Take a general liability insurance policy and mix in what many excavation contractors need, like building coverage, business personal property.

If your excavation business qualifies, a BOP is preferred because it includes business interruption insurance.

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Contact Us for Quote

It would be best if you had insurance for your excavation business. Tell us about your contracting business. We will be listening carefully. Working with more than 50 companies, we do the shopping for you, saving both time and money.

Do yourself a favor and pick up the phone and call 952-469-0425 or use the quick quote form to the right. Request your insurance quote now. You will be happy you did.

Excavation Contractors Insurance Coverage Frequently Asked Questions (FAQs)

Q- What insurance should I require from a contractor?

Ans:- Workers’ compensation insurance is number one.  Do not ever hire or pay a contractor that does not have workers comp.

Having a valid certificate of insurance that includes workers’ compensation and general liability insurance is the beginning of proper risk transfer.  A contractor not having these two things can cost you dearly in a claim, and your insurance premiums are subject to an annual audit.

Q- How much does insurance for a contractor cost?

Ans:- It depends on what you are doing and what type of insurance coverage you want.  Excavation contractors insurance in Minnesota starts at $680.00 per year.  Average costs:

General liability insurance is around $70/month or $840 per year.

Workers’ compensation insurance is about $250 per month or $3,000 per year.

Commercial auto insurance in the neighborhood of $155 per month or $1,860 per year.

Tools and equipment for contractors can run $14.58 per month or $175 per year.

Q- How do I find an insurance company for a contractor?

Ans:- Ask the contractor for a certificate of insurance.  The name of the insurance company and agency will be on it. There is a look in Minnesota for workers’ compensation insurance.

Q- What is general liability insurance for contractors?

Ans:- General liability insurance for contractors provides coverage for bodily injury and property damage.  It helps protect contractors from costly lawsuits and claims.  It can also help you qualify for contracts.

Q- What does liability insurance cover for a contractor?

Ans:- Liability insurance is general liability insurance.  It helps protect contractors from financial harm such as bodily injury to others and property damage.

What you are working on is not covered by the property damage coverage.  Contractors can become obligated to pay for damages and medical bills to third parties if deemed negligent.

Q- Does general liability cover independent contractors?

Ans:- Yes, general liability insurance can cover independent contractors or subcontractors.  However, many policies exclude the work of the sub.  Be sure you know this before you buy a policy.

Insurance companies do not want you to work with uninsured independent contractors or subcontractors, which can get you canceled.

Independent contractors and subcontractors should purchase their own general liability insurance policy and provide the general contractor with a certificate of insurance.