Crane, Millwright, & Rigging InsuranceWe understand the complexities of rigging and crane insurance.
CoVerica's Heavy Construction Division has been managing crane insurance and the associated industries for nearly 30 years. Simply put, we know the crane and rigging industry. From a single crane on the back of a Sign Truck to complex tower cranes and tandem lift jobs, our expertise and industry involvement has developed one of the most comprehensive crane insurance programs available anywhere in the marketplace.
Backed by several A+ rated partner carriers and our unsurpassed service team, CoVerica's exclusive rigging, steel erectors, and crane insurance program is here to protect your business from the bidding/contract phase of any project through your completed work.
We have found that the typical crane insurance policy fails miserably to provide coverage for the work and lifts you do daily since most programs are not designed with the crane, rigging, and steel erection industry in mind. Even some “on the hook” crane insurance programs lack the necessary key coverages needed for your operation. These “programs” restrict your rigging, steel erector, and crane insurance coverage with tricky policy language and vague exclusionary wording that leaves you without coverage in the event of a claim. We continually find new clients that are shocked to discover that their current crane insurance program, while it issues certificates just fine, is letting them operate without any coverage for the work that they agree, contractually, to complete.
CoVerica’s Heavy Construction Division believes that contractual review should always be a routine part of your rigging, steel erector, and crane insurance program. More often than not, contractors are signing contracts and entering into agreements that are severely shifting the risk (for both your work and someone else’s) from the General Contractor to the crane company, rigger, or steel erector, which results in unfair litigation. Matching insurance products & risk management practices allows you, the business owner, to make an informed decision and accurate bid on each and every job.
Crane Insurance Coverages Found No Where Else:
- Hook Liability to Full Limits through Umbrella Coverages including Loss of Use
- Per Project Aggregate
- Blanket Additional Insureds including primary wording
- Waiver of Subrogation
- Over the Road Coverage for Mobile Equipment
- No Boom/Overload Exclusions on the Inland Marine