Excavation Insurance – Don’t Dig Without It

Excavation insurance is there to protect those working in this particularly demanding branch of the construction industry.

And because this part of the industry is so demanding, it is vitally important that excavation insurance is taken out at the earliest opportunity.

The main risk for such projects is injury to a worker on a site, or damage to property. Furthermore, a customer might well question the standard, or quality of the work completed, which could also result in a squabble about costs. And these squabbles have a habit of  turning into major rows which only seem to please the lawyers.

And for most projects, you cannot even start bidding for the work unless you have such insurances in place, and can prove it. The paperwork, proving insurance and liability covers, make up an essential part of the bidding process. No reputable firm will allow a sub-contractor to begin work unless the paperwork is available and up-to-date.

Insurance is available per project, but this is not the most viable and economic way of providing cover. Excavation insurance, like most insurance policies, are best bought for a year at a time, and adjusted throughout the period of cover, when necessary. Taking out insurance for specific jobs can cause delays when bidding for the work and starting the project. It is preferable to have a policy in place and make amendments through a broker when a project is planned, and then started.

Working with a good broker, or intermediary, is therefore vital for companies contemplating good excavation insurance.