Riggers Liability Insurance 101: How to Get Covered & Stay Protected

crane lifting heavy material

Working in a high-risk environment requires additional protections—find out how to get riggers liability insurance coverage

Riggers liability insurance is a way to guarantee smooth operations in the construction, transportation, and rigging sectors. The process of moving heavy equipment carries a set of risks that need to be mediated with the help of a riggers liability insurance policy. 

Before a project begins, it is important to assess the risk of complicated cases and be properly insured in the event that anything should go wrong during the moving process, on-site, or the moving equipment.

There is so much to learn about riggers liability insurance, how it works, and why it is so necessary for large-scale rigging projects. Let’s take a look!

What is Riggers Liability Insurance Coverage?

Since riggers take on such a high risk, proper insurance coverage is required for protection in the case of an accident 

Rigging operations require insurance coverage because of the complexity of cases and the high risks of third-party property damage as a result of rigging work. To choose the right coverage and get the best financial protection, it is important to consider details like the size of the cargo, its weight, and other characteristics. 

It is also very important to protect the riggers themselves. Riggers work in dangerous conditions as they move objects weighing several tons, work at tall heights, and work through inclement weather. The potential for falls and accidents is high, necessitating safety training and adequate insurance protection.

What Does Riggers Liability Insurance Cover?

With the right coverage, your project will be properly assessed and protected at every stage of crane operations

Riggers’ insurance is designed to protect the property being moved by the riggers and your business. Should damage occur to the property being lifted or moved, the insurance will pay for the damage and other additional costs like delays, environmental impact, and more. 

Before getting too specific, it is important to define exactly what a rigger does and why it is so important to be financially protected in the case of an accident.

A rigger is someone who uses a crane, chain hoists, or pulley system to move machinery or other objects. For example,  the process of lifting a grand piano to be placed in a multiple-story apartment building is a rigging operation. Any construction or contracting company that primarily relies on moving large objects should seek out riggers insurance coverage to make sure that they are protected in the event of a worst-case scenario. To better understand why this coverage is necessary, let’s discover some specifics as to what is covered under riggers insurance. Though not all policies are the same, these are a few examples of the type of coverage that exist under the riggers insurance umbrella.

Coverage for the General Public

When executing rigging operations—especially in busy, highly populated areas—there is the risk of injury to a member of the public or damage to their property. That’s why it is so important to have riggers liability coverage. If an accident occurs and it affects the general public, your policy will cover the costs.

Coverage for Operators

Working in construction and contracting can be dangerous. This is especially true for those who work as operators for rigging operations. Crane operators can easily be injured while on the job. Riggers liability insurance will compensate for any bodily injuries to the operator and other members of the crew. Recovering from painful injuries is hard enough, but the loss of income is another substantial challenge. In these cases, operator insurance also compensates individuals for lost wages as well as medical expenses.

Equipment Coverage

Millions of dollars are invested in the rigging industry to care for the machinery that is required to move large objects. If equipment owners do not have adequate coverage on the machines, the project will halt in the event that any damage occurs.

When you have equipment insurance coverage for your rigging project, your policy will not only pay for repairs sustained through operator damage, but it also pays for basic repair and maintenance needs depending on the contract clause. Additionally, this coverage allows companies to continue working by financing temporary operating equipment while their machines are being fixed.

Pollution Coverage

Recently, many states have passed stricter new laws pertaining to pollution caused by construction projects and other large-scale rigging projects. Luckily, you can get pollution coverage included in your riggers insurance. 

For example, If the equipment you use is in violation of the laws, you will be charged substantial fines. Should you forgo pollution coverage, your coverage only protects in case of property damage, and your project could become a liability to your company.

What Are the Key Benefits of Purchasing Riggers Insurance Coverage?

Beyond the many different coverage areas, several distinct advantages make getting riggers insurance coverage essential

Getting covered is all about preventing financial loss and securing peace of mind for your team. If you are considering riggers insurance but aren’t sure if it is necessary, definitely keep reading. Here are some of the top advantages of purchasing riggers insurance that go beyond the standard protections. Let’s dive in!

Step-by-Step Acquisition of Reliable Riggers Coverage

No project is exactly the same—that means that no riggers insurance coverage is exactly the same. After all, each project will present different and unique risks that need to be addressed on an individual basis. When you choose to get riggers insurance from a provider, the provider w

  • Restoring the rigging or any other equipment if it has been damaged
  • Purchasing new supplies and raw materials
  • Reconstruction of facilities if structural elements have been damaged as a result of an accident
  • Renting special equipment for the period of downtime
  • Salary payment to employees of the rigging team
  • Compensation to injured people due to the fault of the insured

When you are searching for riggers liability insurance, you want to find the most comprehensive coverage plan that will satisfy your client’s requirements and protect your most important assets.

Riggers Insurance Combined with General Liability Insurance

Most moving companies are aware of the high chances of the occurrence of an insured event and resort to general liability insurance. While this is a step in the right direction, riggeill assess every step of the project to make sure you get the amount of coverage needed to successfully complete the project. These steps include:

  • Calculating the cost of rigging insurance 
  • Providing a preliminary estimation of the insurance premium
  • Determining the strategy of risk protection tailored to the client’s specific needs 

At Allied Insurance Brokers, we are ready to defend your interests and conduct full-scale business analysis and a proper establishment of liability limits, which assists in choosing the insurance coverage amount. 

Individual Approach

When you are choosing your coverage amount, you can work with your provider to determine the exact amount of coverage you need. If an insurable event occurs on-site, your insurance provider can take an individualized approach to the case.

In assessing the case, your policy manager will break down each step and effectively communicate all updates to you—the client. This approach ensures that you are properly managing risk and that you are getting the right coverage amount for your business.

Immediate Loss Adjustment

A rigging insurance policy grants the policyholder the right to receive a payout from the insurance company to cover costs as soon as possible. The financial benefits contribute to the uninterrupted continuation of rigging work, eliminating additional financial losses due to a temporary work suspension. In case of an insured event, rigging insurance premiums can be useful for: rs insurance coverage is still necessary. Should there be an insurable event, you will still be responsible for any damage to your client’s property. That’s why combining general liability insurance with riggers insurance is advantageous. 

Allied Insurance Brokers provides top-scale variations of riggers liability insurance. This is accomplished by utilizing our universal portfolio of insurance services. Our portfolio includes comprehensive programs to protect the interests of businesses and a wide range of insurance products for individuals. In addition, our team has extensive experience in claims settlement. Trust us, our combined years of expertise will significantly help you get the coverage your business needs! Start a conversation with a team member today for more information about coverage options for your business.