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Construction Equipment Insurance | The Basics

Construction Equipment Insurance | The Basics

If you work in any industry that sells or requires the use of construction equipment like skid steers, excavators, pavers etc, then construction equipment insurance is a necessity.  Just like a baseball player’s hands are their livelihood and should be protected, the equipment you use to run your business should also have protection to keep you up and running smoothly.


The price of purchasing and repairing heavy construction equipment can be astronomical, and is not something one would want to encounter without being prepared.  Not only are the expenses a risk, but the downtime and effect it has on job schedules can leave companies in a bad position.  Offset these unforeseen costs by insuring your equipment and gaining peace of mind that you can rely on them to help you get the job done.

truck-heavy_vehicle_condition-based_maintenanceThere are a few steps that you can take to ensure that your equipment stays in the best possible condition, it will thank you!  Establishing a condition-based maintenance (CBM) program or standard maintenance schedule, you can manage equipment downtime and work against preventing component failures that are expensive and unexpected, leaving you in a tough position.  CBM’s call for periodic oil samples to be tested to detect any issues within the machine, this is one approach, but even a consciousness of making sure your machines get a good check up periodically will help keep things running smoothly.

Wondering if this advice applies to you? Do you or your customer base work for any of the following industries?

  • Landscaping
  • Logging
  • Snow & Trash Removal
  • Excavation
  • Mining & Agricultural Operations
  • Carpentry/Home Renovation
  • State, County and Municipalities
  • Paving

If you answered yes, then get informed.

construction equipment jobsite insuranceAnother thing you can do to protect the life of your construction equipment is to keep your workers and operators trained in proper procedures, and understand safety regulations and what to do in case of an emergency.  When everyone onsite had an understanding of their surroundings and respect for the equipment and each other, operations will run more smoothly, and the risk of harmful accidents will decrease.

Unfortunately, no matter how much care you take in maintaining your fleet of construction equipment, the fact of the matter is that there is always a chance they will break, or need repairs.  Between the many parts that could fail, job site accidents that can occur, and not to mention the chance of a simple mistake on the part of your employees, the opportunities for machine downtime are numerous.  Be prepared for whatever comes you way, and be confident that repairs will not derail your business by always having insurance on your equipment.

Insurance Programs for Your Business | ADI Agency