Demolition Contractor Insurance You Can Rely On
If you’re a demolition contractor, you’ll already know how risky your job is. A demolition site is full of potential hazards. Even if all safety protocols are followed, an accident can still happen, necessitating demolition contractor insurance.
A successful and safe demolition relies on many factors. If one element goes awry, it could prove fatal. The only certain thing is that nothing is for sure when carrying out a risky activity like demolition. It’s always best to keep yourself covered.
Liability lawsuits arising from demolition-related accidents can cost dearly. Even if you’re found not guilty, the cost of a lawyer can be expensive. A case where someone is found liable is likely to render him or her bankrupt. That’s why it’s crucial to have demolition contractor insurance.
Demolition is Risky Business
Occupational incidents on demolition sites can be varied. The top four accident types are:
- Collapse of buildings
- Falling from heights
- People struck by objects/flying debris
- Machinery accidents
The collapse of buildings and falling from heights account for over half of the accidents on a demolition site. Other types of incidents can also result in a hefty lawsuit. In 2020 a demolition contractor was ordered to pay $370,000 in compensation after a botched demolition of a smokestack sent polluting dust over a nearby village.
Without insurance for demolition contractors in place, you would be liable to pay the settlement amounts yourself.
Keep Safe and Prevent Incidents
Working in such a hazardous profession, it’s crucial to maintain as safe a working environment as possible. By doing so, you’ll be doing your utmost to minimize the associated risks. The most important safety protocols for a demolition site are:
- Wear personal protection equipment at all times
- Ensure you and your staff are fully qualified, trained, and experienced
- Be aware of asbestos
- Keep a close eye on noise, vibration, and dust levels
- Keep the site clean and clear of unnecessary obstacles
- Complete full risk assessments before commencing work
- Be aware of your proximity to other buildings
- Notify all persons within proximity of the site of the time and date of the scheduled demolition and what they should do
- Manage traffic and vehicle flow
- Ensure you have demolition contractor insurance in place
Insurance for Demolition Contractors
Many demolition contractors don’t realize that their business insurance won’t cover them enough for liability until it’s too late. Often, the coverage falls far short of being adequate in the event of a claim. This leaves them vulnerable to liability claims.
XINSURANCE is different. We fill the gaps and exclusions and give you the coverage to do your job with true peace of mind. Even if you have been denied coverage in the past or have a claims history, we can help.
XINSURANCE is powered by Evolution Insurance Brokers, LC (“EIB”), an excess and surplus lines insurance brokerage. Our insurance for demolition contractors is comprehensive, including:
- Commercial general liability
- Professional liability
- Owners and contractors protective liability
- Commercial auto (available in most states)
- Completed products
- Equipment rental liability
- Property coverage
- Limits up to $20 million
Note: XINSURANCE does not cover workers’ compensation.
Our customer-focused approach is the key to providing you with the right coverage. We assess your operations and experience levels to get demolition contractor insurance that’s a perfect fit.
Call Us Now for a Quote
Don’t leave yourself and your business at risk a second longer than necessary. Get in touch with XINSURANCE today for a free, no-obligation quote. No matter your circumstances, don’t be afraid to give us a call. Our phone number is 877-585-2853 or you can email us at info@xinsurance.com
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If your job is to knock things down, don’t get hit with a liability claim. XINSURANCE can give you the true peace of mind you need to do your best work.
Authored by Rick J. Lindsey, President, Chairman, and CEO of XINSURANCE
Rick J. Lindsey hails from Salt Lake City, Utah. He began working in the mailroom of his father’s Salt Lake City insurance firm, getting his introduction to the business that became his lifelong career. Rick J. Lindsey quickly rose through the ranks while working in nearly every imaginable insurance industry job. As an entrepreneur, specialty lines underwriter, claims specialist, risk manager, and a licensed surplus lines broker, Rick J. Lindsey is highly skilled in all levels of leadership and execution. As he progressed on his career path, Rick J. Lindsey discovered an urgent need for insurers willing to write policies for high-risk individuals and businesses. He was frequently frustrated that he could not provide the liability protection these entities desperately needed to safeguard their assets. He also formed the belief that insurance companies acted too quickly to settle frivolous claims. Rick J. Lindsey decided to try a different approach. He started an insurance company and became the newly formed entity’s CEO. This opportunity has enabled Rick J. Lindsey to fill a void in the market and provide a valuable service to businesses, individuals, and insurance agents who write high-risk business. XINSURANCE also specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure. If you’ve been denied, non-renewed, or canceled coverage, don’t give up quite yet. Chances are XINSURANCE can help.
