Excavation Insurance in Minnesota 

Are you seeking excavation insurance in Minnesota for your excavating, grading, or land-clearing business? Our excavating insurance professionals are available to help you. Having the correct excavation contractors insurance policy is super important to your business.

We offer insurance for contractors and businesses throughout Minnesota, including excavation contractors. We provide guidance, choice in carriers, and options. Being based in Lakeville, Minnesota, allows us to focus on Minnesota. Because of the specialization of our services, contractors in small Minnesota towns often reach out to us. 

Contractors thought Minnesota trust us to provide general liability insurance for excavation businesses. We have clients and friends in the cities of St. Paul, Minneapolis, Rochester, Coon Rapids, Blaine, Lakeville, Mankato and many more. There is a reason we help so many excavation contractors. 952-222-8073 

Excavation Coverage: What You Need to Know 

Excavation coverage in Minnesota provides vital coverage for construction projects involving digging or earthmoving activities. This insurance safeguards contractors, property owners, and workers from liabilities arising from property damage, bodily injury, and environmental risks. With tailored policies addressing specific project needs, excavation coverage ensures compliance with legal requirements while mitigating financial risks. Choosing a reputable insurance provider and implementing robust risk management practices are crucial steps for safeguarding excavation projects in Minnesota. 

Understanding Excavation Contractors Insurance 

Excavation work is risky, and having the right insurance coverage is essential to protect your business from financial loss. Excavation contractors’ insurance can cover general liability, workers’ compensation, excavator equipment coverage, and more.

General Liability Insurance for Minnesota Excavation Contractors 

Start with Minnesota Excavation Contractors general liability insurance to help protect your business. It’s the core insurance policy for excavation businesses in the land of ten thousand lakes. 

As mentioned above, Minnesota excavation business insurance coverage begins with general liability insurance. General liability helps cover bodily injury and property damage from third parties. It’s a critical insurance policy for an excavator. 

Excavating insurance companies often include a property damage deductible ($500, $1,000, $2,500, $5,000, etc.). It’s important to consider this when choosing the correct insurance for your Minnesota excavation business.

Common limits for excavation and grading businesses are $1,000,000/$2,000,000. The first figure, $1,000,000, represents the per-occurrence limit or per claim. The second figure, $2,000,000, represents the aggregate or maximum limits for all claims submitted during the policy term.

General contractors in Minnesota commonly require specific requirements from excavation businesses. They often also look for commercial umbrellas, commercial auto insurance, workers’ compensation insurance, and unique endorsements.

Please email these requirements to us right away. They can oftentimes change your excavation insurance rates, and having these requirements upfront saves time. No one wants their certificate rejected by the general contractor. Our goal is to get it right the first time without surprises.

Minnesota Excavator Equipment Insurance  

Last, let’s touch on excavator equipment insurance (inland marine insurance). Large and small excavators have expensive equipment, including mini excavators, long-reach excavators, skid steer excavators, suction excavators (vacuum excavators), dragline excavators, wheeled excavators, crawler excavators, bobcat excavators, and more.

Some perils include protection from theft, fire, wind, hail, and water damage.  

The insurance does not cover damage caused intentionally (willful misconduct by the insured) or stationary property at your business location. These are just a few exclusions in an inland marine policy for excavators.

Okay, ready, set, begin! We have given you some basic information about digger business insurance. We now invite you to ask your questions. 952-222-8073. If it’s after hours, complete our online form. Expect a response within 24 hours of the next business day. Don’t wait any longer! Can you dig it?

Here are Some Frequently Asked Questions About Excavation Insurance 

Q: Can I speak with a live insurance agent? 

A: Yes! We are here Monday through Thursday from 8:00 a.m. to 4:30 p.m. and Fridays from 8:00 a.m. to 2:00 p.m. We are here to answer your questions and help. Our agents deal with contractors’ insurance daily, and the experience will benefit you. Start saving 37% or more on your insurance. Pick up the phone and dial 952-469-0425. 

Q: What factors influence the cost of insurance for excavation work?

A: Several factors influence the cost of insurance for excavation work: the size of your business, whether new or established, claims history, and location, to mention a few; the amount of equipment, including the machine’s type, size, and value; the location and conditions of the worksite; the operator’s experience and driving record; and the coverage limits and deductibles selected by the policyholder.

 Q: Can I get insured today? 

A: Yes, in most cases, on smaller accounts. The steps to secure excavation insurance can be done in just a couple of hours. If you are an established excavation contractor (medium or large), the process starts the same with information and loss runs. Then, our efficient business insurance marking team takes over. Protecting your business has never been more critical. Most of the insurance certificates we do are completed within minutes.

Q: Small business Excavation & Grading Insurance Cost? 

A: Minnesota excavation, grading, digging, and land clearing insurance can cost as little as $50 per month for a one-person operation. Rates are based on the size of your excavation company, payroll, claims history, and the amount of equipment. Location and years in business can also be factors. 

Q:  What coverage options are available for small business excavation insurance?

A: Small business excavation insurance starts with general liability insurance. Additional coverages, such as inland marine (equipment), workers’ compensation insurance, commercial auto, property, business personal property, business interruption, errors and omissions, and pollution liability, can be added, or a separate policy can be written.

Q: What is the Best Excavation Contractors Insurance? 

A: The best excavation contractors insurance starts with a good value from a top-rated insurance. The rating of an insurance company is a rating of its financial strength. You should use an insurance company with a rating of no lower than A-, with A+ being preferred. A good value means price, customer service, and claims experience. You can only judge the last two items once you have a policy with a company. But an instant cheap quote online usually leads to disaster. Having an experienced, honest agent to guide you is best.

Q: Which providers offer the best insurance policies for heavy equipment like Excavators?

A: Most insurance providers offer coverage for heavy equipment. Select an insurance company with a good financial record and 5-star reviews. Coverage for heavy equipment falls under the category of inland marine insurance. The best provider for an excavation business will depend on its size, equipment type, and coverage need. Rates are calculated by the value of the heavy equipment and deductible. If you have a good claims history, lower rates can be negotiated.