Crane Insurance: Facts To Be Aware Of
Among the many construction tools and equipment, the crane proves to be one of the highly essential and important when it comes to building foundations and structures. Vertical growth today is happening like never before with the increase in buildings and high establishments. There are so many skyscrapers now-a-days that it’s something that doesn’t bring excitement to everyone. Therefore, it can be said that cranes are the modern equipment for construction that should never be unavailable.
Majority of the construction companies today do not really own the cranes they use but rather have them through lease or rent. Depending on how long it will be needed, it can be leased for as short as a few days to a few weeks. Upon leasing, the company can already provide for the crane operator but of course, the construction company may choose to have their own crane operator to handle it. An individual will only be allowed to operate the equipment with the right license and certificate that states he has acquired the needed education and training in crane operation.
Without the necessary permit from the state,a contractor will not be able to start work and operation at all. The permit can be obtained with two things in consideration – good physical condition and health, and a minimum of 1,000 hours of use and training with the equipment itself. Here are what insurance companies are known to cover:
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The insurance covers all faults by the construction company during the time and duration of their use of the crane. With this available, the insured can be safe from complaints that lead to serious lawsuits.
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It can happen when certain parts of the equipment can get damaged and need further repair and replacement – with this, the insurance is known to cover the expenses. Among the other things that are inclusive are the following: over-the-road liability, custody and control, loss of rents and boom over-load to mention a few.
The well-being and health condition of the workers and employees are also part of the insurance coverage. If in the case that the operate gets into an accident at the time of operation, the hospitalization and care for the injured patient will be taken cared of by the insurance. If in case the accident results to death and fatality, the insurance will also pay for all the expenses and compensation needed.
To move the crane around from one destination to another it can be done by transport through tractor trailer or by simply being driven. This falls under the auto liability insurance.