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LIABILITY INSURANCE FOR CONTRACTORS & TRADES

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Riggers Liability Insurance

Ontario riggers keep construction projects moving with their expertise in handling massive equipment. But accidents can happen, even to the best. When this happens, riggers liability insurance protects your business financially so you can focus on what is most important: getting the job done safely and securely.

Contractors Insurance understands the unique risks faced by Ontario riggers. We provide complete rigger liability insurance plans that give you the peace of mind you need to work without fear of losing your money.

What Is Riggers Liability Insurance?

Riggers liability insurance (often used in an inland marine policy) is also essential for contractors—as it is a specialized insurance policy designed specifically for professionals in the lifting and moving business. It shields you from covering medical bills, repairs, and legal fees in case of accidents. Commercial General Liability insurance often excludes this risk as it pertains to “personal property of others in your care”, so in these circumstances, it’s essential to bundle it with a riggers liability endorsement.

Clients gain peace of mind knowing you’re prepared for the unexpected, and everyone involved in the rigging operation benefits from a safer work environment fostered by proper crane and rigging insurance.

Having hook liability insurance protects your Ontario business from many problems that happen during rigging projects. A rigger’s liability insurance can help since standard commercial general liability insurance does not cover damage to the personal property of others, such as the building structure or client property. Here’s how it protects you:

Construction Equipment Insurance

This safeguards the rigger’s equipment, like cranes or lifting tools, in case of damage during transport, storage, or on a job site. Construction equipment insurance would cover the repair or replacement costs, preventing a single incident from putting your entire operation on hold and impacting your bottom line.

Errors and Omissions Insurance

This protects against claims of negligence if a client believes the rigger’s work was subpar or caused damage—this can also be extended to cover lawsuits pertaining to misconduct, negligence or failure to deliver the work as promised. This can be a lifesaver if a client claims your actions caused secondary damage to the surrounding property or resulted in project delays.

Tools and Equipment Insurance

Mishaps can also damage equipment, property, or even surrounding structures. If you are a rigger and accidentally damage something while rigging, rigger liability insurance will cover fixing or replacing it.

Legal Support

These basic insurance policies can help you out if you end up being sued because of an accident with rigging. It can help cover legal fees associated with defending your business in court, giving you peace of mind to focus on resolving the situation.

Who Can Benefit From Riggers Liability Insurance

Contractors who work with moving or replacing heavy objects with cranes or other equipment should consider getting riggers liability insurance. For example, if you are an HVAC contractor and need to remove or install the HVAC unit on the roof of a building. Even movers who offer these services, like transporting a piano via lifting to the top floor of a house, can benefit from this insurance policy.

If a mishap damages the equipment or client’s property during a lift, standard commercial general liabilities exclude coverage of the repairs. Riggers liability insurance protects you from these costly mishaps. It covers you when you accidentally damage a client’s home or property during the lifting or moving process.

By having riggers liability insurance, you demonstrate professionalism and a commitment to risk management. This gives clients peace of mind, knowing their valuable equipment is protected in case of an unforeseen accident.

Why You Need Riggers Liability Insurance in Ontario

Just like health insurance, Rigger liability insurance is more than just a good idea; it is a must for safety. Displaying your dedication to safety is a big plus in Ontario’s competitive construction market. In the event of an accident, riggers liability coverage protects your business financially.

Riggers Liability Insurance Claims Examples

Claims Example #1

During a rigging project, a misplaced sling causes a piece of equipment to shift unexpectedly. A worker is struck by the equipment, suffering a broken leg.
Rigger liability insurance will cover medical expenses, lost wages, and any legal fees associated with the worker’s injury claim.

Claims Example #2

A heavy object being lifted malfunctions and damages the surrounding structure, causing cracks in a nearby building’s foundation.
The cost of fixing the broken structure will be covered by the riggers liability insurance.

Claims Example #3

A passerby is injured by falling debris during a complex rigging operation on a busy street. The injured party claims your company failed to properly secure the load.
Legal defence costs and settlement costs for the incident are covered by rigger insurance.

Leading Provider of Riggers Insurance in Ontario

We understand the risks and complexities of rigging operations in Ontario. That’s why Contractors Insurance is your partner in safety and success. Here’s how we protect Ontario rigging professionals:

Personalized Insurance Plans

Our team of insurance brokers will work closely with you to assess your individual needs and craft a certain riggers liability limit. This ensures you receive the precise transit or cargo coverage you need.

Utmost Transparency on Coverage and Limitations

We use clear and concise language in our rigging liability policies, making it easy for you to understand exactly what’s covered. This allows you to make informed decisions with confidence, knowing your business is comprehensively protected in cases of an accident, such as bodily injury, or even legal defence costs.

Thorough and Straightforward Insurance Education

Our dedicated team of insurance professionals is here for you. Whether you have questions about your policy or need help identifying and mitigating potential risks, we’re here to empower you with the knowledge and support you need to operate safely and securely.

Frequently Asked Questions About Riggers Liability Insurance

Rigger liability insurance protects your rigging company from financial losses arising from accidents that occur during rigging operations. This can include:

Construction Equipment: Covers damage to the rigger’s construction equipment (cranes, lifting tools) during transport, in storage, or on a job site.
Errors and Omissions: Protects the rigger from claims of negligence if a client believes the rigger’s mistakes caused damage beyond just the equipment being lifted.
Tools and Equipment: Covers the rigger’s smaller tools and equipment essential for daily operations, in case of theft, loss, or accidental damage.
Legal Defence: Riggers liability insurance may offer legal defence coverage if a lawsuit arises from damage to the client’s equipment.

The cost of rigger insurance varies depending on several factors, including:

The size and scope of your rigging operations.
The value of the equipment or materials you typically handle.
Your claims history.

As a general guideline, liability insurance in Ontario can range from $450 to $2,000 annually.

Standard general liability insurance typically excludes coverage for property damage to items in your care, custody, or control. Since riggers are responsible for moving heavy objects, this exclusion could put your business at risk financially. For this reason, rigger liability insurance covers the tools or materials you are working with while you are rigging.

Ready To Get The Appropriate Coverage You Need?

Contractor Insurance is your trusted insurance broker for peace of mind. We specialize in customized rigger liability insurance coverage, understanding the unique risks you face on the job.

Whether it’s a worker injury, property damage caused by a lifted object, or even a lawsuit arising from an accident, Contractor Insurance has you covered. This way, you can focus on what you do best—operating your business.

Contact Contractor Insurance today for a free quote on customized rigger liability coverage.

PROFESSIONAL LIABILITY INSURANCE FOR CONTRACTORS & TRADES