All About Crane Insurance
Cranes are essential in forming the cornerstone on which the modern construction is build. With the limited space and the continuous increase of the urban population, cities are now experiencing a vertical growth. Multi-storied skyscrapers have just become a normal thing. This has made cranes to become an invaluable asset for each and every construction firm today.
Majority of the construction companies that are operating cranes don't own them rather, they are leasing them. These leases could be extended for a number of days and even extend to months depending on the involved work. The operator might also be provided by crane company or, could be a qualified worker from the firm itself. The training to operate a crane is either on the job, in the military or in vocational schools.
Prior to the work of a crane contractor, he should obtain an operating permit from the state. The OSHA or the Occupational Safety and Health Administration of the US Department of Labor recognizes the NCCCO or the National Commission of Certification for Crane Operators for official licensing. To be able to apply for the NCCCO, the operator need to at least a thousand hours of on-the-job training and be in good physical state.
The crane insurance agency that are offering crane insurance are offering the following coverage:
General Liability
This actually covers any fault by construction firm throughout the crane operation. It is protecting the insured from any risks of liability imposed by lawsuits as well as other similar claims by the third party.
Equipment and Property
Protecting against the mechanical and physical damage to the cranes and covering the cost of replacement. The overall coverage includes over the road liability, boom overload, loss of income, extra expense, custody and control, attachment coverage as well as loss of rents.
Physical Damage and Auto Liability
Cranes could be either transported or driven via tractor trailer. Cranes that are driven are deemed as mobile equipment and covered under the auto liability insurance.
Worker's Compensation
Here, it is covering the health and the wellbeing of workers at construction site where the crane is used. If the crane operations have caused injuries to a worker, then the crane and crane insurance provider should cover all the treatment. Say for example that disability or death has taken place, then the insurer will have to pay out for the compensation as well.
Umbrella and Excess Liability
This is providing added cover than what's specified above. Not only that, it is protecting the insurer against events similar to floods and earthquakes that might not be covered by the policies aforementioned.
