The excavation equipment business is profitable as well as full of numerous unexpected risks too. If you have a fleet of equipment like a bulldozer, crane, large digger and mini digger etc, their maintenance and protection from potential damages are the two major factors to consider in priority. Usually, we need this equipment in extreme conditions where the risk of damage and worn out parts increases. Talking about the service cost, both repair and replacement are very expensive. Also, malfunctioning or damaged badly affects the business flow. If you are already bound in a contract to fulfill in a limited period of the deadline, the situation may get worse. When we search for solutions, insurance appears as the most feasible option. In this article, we will provide some information regarding the coverage of a large excavator to mini digger hire insurance.
Things to consider while buying insurance for your excavation equipment
1. Coverage of the entire fleet
Instead of buying different insurances for different vehicles, get a policy that covers your entire fleet. Meet with an agent who has prior experience of doing such insurances. They examine all the factors affecting insurance costs such as geographical conditions, equipment condition and risk coverage factors. Make sure that you are investing in a policy with maximum possible coverages. Your mini digger hire insurance must cover all expected and unexpected reasons for damage and malfunctioning. Besides this, you can find high qualitied excavators on this site, be it Vacuum Excavators or Standard hydro excavators, you can find everything related to construction here.
2. Onsite and towing assistance
Ask the insurance agent for a policy covering on-site assistance and towing service in emergency situations. Excavation vehicles are large in size and extremely heavyweight. Also, their structure is more complicated than normal vehicles. If any technical fault occurs, finding a proficient technician becomes difficult. The insurance company should have tie-ups with all the leading repair service providers within a particular location. If onsite assistance is not enough to serve the purpose, towing service should also be included in the same insurance because finding a suitable towing vehicle for giant excavators is even more difficult.
3. Accidental injuries coverage
Not just technical faults and damages but accidental injuries are also the major issues in the excavation business. When you buy mini digger insurance, don’t forget to check the accidental injury coverage. Medical expenses for drivers as well as other people affected in accidents should be sufficient enough.
4. Read the exceptional cases carefully
Along with coverages, also read the exceptions that are preventing the insurance agency from claims fulfillment. The plant and equipment insurance is a huge investment because of high-risk factors. If you are not getting the complete coverage, the insurance is completely worthless. Don’t buy a policy just to fulfill the legal obligation of authorities. If there is an important coverage excluded, request the agent to provide a better insurance policy.
Instead of a ready-made coverage package, find an insurance company that provides tailored solutions. Also, don’t forget to check their previous record of claims fulfillment.