Insurance for Excavation Contractors in Texas

Working with heavy equipment and machinery is part of being an excavation contractor, so you’re probably aware of the risks that come with your occupation. However, even if your team can operate a backhoe properly, things can quickly turn south if you make a mistake.

One person’s slip up can create a disastrous domino effect that can damage your client’s property. It can also injure or accidentally kill someone in the process. If your business is found liable for the incident, you’ll end up covering the costs of damages, losses, as well as the legal and medical fees.

No company wishes to encounter a situation that puts them in a financial crisis, but sadly, they’re nearly impossible to avoid. Nevertheless, you can ease the burden if you have the proper insurance plan to back you up.

With the right policies, you can be financially secure while still being able to pay for all the fees. If you haven’t reinforced your excavation contracting business with an insurance plan, contact Quote Texas so we can help get you started.

Quote Texas Makes Insurance Easy

You can trust Quote Texas to create an insurance plan that’s tailored to your excavation contracting brand. Since 2001, we’ve created various insurance plans for different industries in Texas, so we know which insurance policy will fit your needs and limits. What’s more, our attentive agents will be more than happy to guide you through all our policies. Among our options, however, we recommend that you get the following:

Commercial General Liability Insurance

If you want a policy that offers wide coverage, commercial general liability insurance is what you’re looking for. It protects your brand from several financial burdens, including:

  • Deaths and bodily injury
  • Advertising and personal injury
  • Damage of other people’s property

Plus, depending on your policy limit and the type of coverage you get, it can help cover the costs of medical fees and your legal defense.

Equipment and Tools Insurance

Your construction equipment is invaluable to your job, so you can imagine how inconvenient it will be if one of your machines breaks down. Not only will you have to worry about the deadline, but you also have to think about the cost of the repair or replacement.

Thankfully, Quote Texas has the equipment and tools insurance, which insures important and expensive equipment (whether owned or hired). It also pays for the equipment’s replacement or repairs in the event it gets damaged or lost due to incidences like the following:

  • External calamities (e.g. fires, lighting strikes, explosions, etc.)
  • Theft or vandalism
  • Fraud

Workers Compensation Insurance

Workers compensation insurance protects your workers by giving them financial security. It might not be a requirement for private employers in Texas, but it’s still a great benefit, nonetheless. It grants your employees peace of mind, especially since their work environment is full of hazards. If something goes wrong during work hours, this policy will provide the following:

  • Vocational rehabilitation benefits
  • Income benefits
  • Medical benefits
  • Death benefits
  • Burial benefits

If you think these policies aren’t enough to protect your business, you can improve it by adding the following policies:

When you’re ready to fortify your excavation contracting company, give us a call at 844-756-8684. Our friendly staff will be happy to take your requests and answer your questions regarding our policies. Contact us today to learn more!