Earthmoving and Excavation Business Insurance Brokers
Or call us on 1300 859 381
Earthmoving Business Insurance Brokers
Fortune Insurance Brokers are your earthmoving business insurance brokering professionals. We specialise in providing fast and valuable insurance quotes. We only use Australia’s well known Business Insurers for Earthmoving contractors. Furthermore, we provide competitive quotes on Public Liability Insurance, General Property and Tools of Trade cover, Commercial Vehicle and Plant and more.
Our brokers have an abundance of experience supporting individual contractors and earthmoving businesses, providing multiple quotes for their insurances. We understand the needs of both small and large businesses across Australia, and want to help you make the right choice for your business. Whether you are just starting out, or if you have been trading for a while and just want to see what is available on the market. Then give us a call and one of our professional brokers would be happy to help.
Get yourself a Business insurance quote today, just enter your details below, or call us now on 1300 859 381.
Additional Information
Fortune Business Insurance Brokers are committed to providing high quality service to our business insurance clients. Contact us today for multiple obligation free quotes. And discuss your business insurance needs with one of our experienced business insurance brokers. Below, we have added some general advice for earthmoving contractors, based on common claims across the earthmoving industry.
This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is suitable for you and your personal circumstances. (If relevant: Before you make any decision about whether to acquire a certain product. It is important that you should obtain and read the relevant product disclosure statement).
What do I need to know about my Earthmoving Business Insurance Quote
Firstly as a trades person operating or contracting with an Earthmoving Company, the most claimed on insurance product is Public Liability Insurance. This is why many job sites and contracting companies require proof of Public Liability Insurance before they will let you on the premises. Secondly is Workers Compensation Insurance. This provides cover for your employees in the event that that they become injured or sick. Not to mention otherwise unable to continue to perform their duties, due to an incident at work. Thirdly is Commercial Motor Insurance. This product, similar to Private Motor Insurance, provides indemnity due to a car accident. Depending on the level of coverage offered, this may indemnify the Insured for damages to their own vehicle, or to third party vehicles.
The Most Common Causes of Earthmoving Insurance Claims
Furthermore, Liability Insurance is crucial to ensure that you business has protection in place against Third Party Damage and Injury claims. Additionally, common claims include unauthorised access to job sites. As well as risk of vicarious liability to sub-contractors. Similarly, an additional cause of Public Liability claims are caused by the contractor failing to “Dial before you Dig”.
Although the risk at the office is fairly low, there is a large exposure while working out on site that something could go wrong. For Earthmoving and Excavation, these generally include; risk of traffic accidents, unauthorised access, use of explosives, demolition work, and collapse of structures. In addition, there is also a risk of liability to sub-contractors, vicarious liability for subcontractors, and damage to customer or other third party equipment.
Finally, the third most claimed on insurance for Earthmoving contractors, Commercial Motor Insurance. This is because of the loading and unloading risk. Likewise, there is also the risk of collision or overturn with hired-in trucks or equipment. Which subsequently can present a sizeable risk if the driver has inadequate training or is distracted while driving.
In conclusion, if you are working in the Earthmoving industry and are looking for more ways to reduce risk on site, please click here to go to Safe Work Australia.