Crane Insurance: How to Ensure You’re Protected

January 16, 2023by Sheedy Blogger0
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There are several crane insurance factors most people take into consideration when hiring a heavy duty crane rental service. While issues such as cost and type of heavy duty crane are important to consider, there are two even more important factors that most people overlook. 

These are the crane operator’s experience and certification status in combination with the heavy duty crane rental company’s insurance policy.

Tips for verifying crane insurance when renting

In this blog post we will look at why it is important to check the crane operator’s certification along with the company’s insurance policy when looking for the best heavy duty crane rental service.

1. Ask for a Certificate of Insurance

Before signing a contract with a crane rental company, it’s essential to ask for a certificate of insurance. This document will provide you with details about the company’s coverage, including the limits of liability. It’s crucial to ensure that the certificate is up-to-date and covers the dates of your rental period.

2. Verify the Coverage Details

Once you have the certificate of insurance, take the time to verify the coverage details. Look for the types of coverage provided, such as liability, property damage, and worker’s compensation. Make sure that the policy covers the specific type of crane you are renting, as well as any attachments or equipment that come with it.

3. Check the Limits of Liability

Another important factor to consider is the limits of liability. This refers to the maximum amount that the insurance company will pay out in case of a claim. Make sure that the limits of liability are sufficient to cover any damages or injuries that may occur. If the limits are too low, you may want to consider purchasing additional insurance to protect yourself.

4. Review the Exclusions and Deductibles

It’s also essential to review the exclusions and deductibles of the insurance policy. Exclusions are specific situations or events that are not covered by the insurance policy. Deductibles refer to the amount that you will need to pay out of pocket before the insurance coverage kicks in. Make sure you understand what is excluded from coverage and how much you will need to pay in case of a claim.

5. Ask for Additional Insured Endorsement

Finally, it’s a good idea to ask for an additional insured endorsement. This is a document that adds you as an additional insured party to the crane rental company’s insurance policy. This provides you with an extra layer of protection in case of accidents or damages.

Operator Experience and Certifications 

heavy lift rigging operator working on a construction project

Operator experience and certifications are important crane renting factors because they ensure the safe and efficient operation of the equipment.

An experienced operator has the knowledge and skills to safely operate the crane and handle the load, which reduces the risk of accidents and injuries on the job site. A certified operator also demonstrates that they have met the industry standards for operating heavy equipment and have passed the necessary training and testing.

Having a certified operator also shows that the company takes safety seriously and that they have invested in the professional development of its staff. It also ensures that the operator is familiar with the equipment and can operate it safely and efficiently.

In addition, having a certified operator can help to protect your company from liability in case of an accident. Many heavy duty crane rental agreements include language that specifies that the company will provide certified operators and make sure that the operator’s certification is up-to-date and valid.

Operator experience and certifications are essential to ensure safety on the job site and to protect your company from liability. It also guarantees that the equipment is being operated by a professional who has been properly trained and certified to handle it.

Heavy Duty Crane Rental Insurance 

Insurance is an important crane renting factor to consider when hiring a crane service because it protects your company and the rental company from financial losses in case of accidents or damages.

When you hire a crane rental company, you are essentially entrusting them with expensive equipment and the safety of your employees and other individuals on the job site. 

In the event of an accident or damage, the cost of repairs or replacements can be significant. Insurance provides a safety net to cover these costs, protecting your company’s finances and the rental company’s assets.

There are several types of insurance that a crane rental company should have, including:

  • General liability insurance: This covers the rental company’s legal liability for third-party injuries or property damage resulting from their operations.
  • Workers’ compensation insurance: This covers the medical expenses and lost wages of the rental company’s employees in case of job-related accidents or injuries.
  • Equipment insurance: This covers the rental company’s equipment in case of damage or loss.

It is important to verify that the crane rental company has the appropriate insurance coverage before signing a contract. You should also ask for a certificate of insurance, which will provide details of the company’s coverage, including the limits of liability.

Hire Sheedy Drayage Co. For All Heavy Duty Crane Rental Services in the San Francisco Bay Area

Sheedy Drayage Co. is a leading heavy duty crane rental service in San Francisco Bay and surrounding areas. Sheedy Drayage Co. has over 85 years of experience in all types of rigging and hauling jobs. 

All our heavy duty crane operators are experienced and certified to handle every type of hauling work. We also have a wide range of modern equipment that can handle any residential, commercial, or industrial rigging and hauling job. Call us at 415-648-7171 to discuss your next project. 

You can also visit our website to see our previous projects or simply contact us today to learn more about our heavy duty crane rental service in the San Francisco Bay area.   

415-648-7171