Crane hire insurance

Crane Hire Insurance

Crane hire insurance with public liability cover

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Working with such mammoth machinery makes public liability essential to your crane hire insurance policy. This protects you if your crane becomes involved in an incident that damages property or causes injury to a member of the public. For example, an unknown fault in your crane could cause the hook to snap unexpectedly, causing heavy materials to fall onto a car or another piece of expensive equipment. Even if you’re not responsible for an incident like this happening, legal action could still be taken against your business. However, public liability spares you from having to pay costly compensation and other relevant fees yourself. That’s why we include public liability cover for up to £5 million as standard in all of our crane hire insurance policies. Your business stays safe as we cover the damages.

To ensure you receive the best possible cover for the most affordable price, you’ll find everything you may possibly need in your policy, including: 

 

    • Public & Products Liability up to £5 million
    • Employers Liability at £10 million
    • Contractors All Risks Insurance which provides cover for 
      • Contract Works
      • Owned Plant
      • Hired-in Plant
      • Employees’ Tools
    • Essential Legal Expenses at £100,000
Crane hire insurance

What is crane hire insurance?

Cranes are essential for large-scale construction jobs, but operating them comes with huge risks. One wrong move could cause an accident that results in significant property damage, or cause harm to anyone in the immediate area. As the owner of a crane hire company, you will still need insurance to protect your business from incidents outside your control, even if you already follow all the necessary safety precautions to a T. If a claim is made against you after an unexpected event involving one of your cranes, we cover the cost of any compensation or legal fees on your behalf.

Why do you need crane hire insurance?

Hiring out and operating a crane can be extremely hazardous. The possibilities of theft and breakages are equally worrying when the machine is so integral to every project. Therefore, it’s important to have an insurance policy that safeguards your business against such problematic events. Unfortunately, many providers consider your profession too risky to cover. Rather than settling for a standard insurance package that’s unlikely to meet your needs, choosing a customised crane hire insurance policy from Tradesman Saver means your company and crane operators won’t be held financially responsible for unexpected accidents.

Crane hire insurance
  • Fill out our easy-to-follow quote form
  • A member of the Tradesman Saver team will then contact you and deliver your quote
  • We will instantly activate your specialist high-risk crane hire insurance policy

Our crane hire insurance is placed on our specialist high-risk liability scheme with Corin Underwriting Limited

How much is crane hire insurance?

Like all other kinds of insurance, the cost of your crane hire policy will depend on the specifics of your company. For example, the price will increase if claims have previously been made against your business, or if your cranes typically operate in particularly hazardous locations. The number of covers you want will also influence the final cost.

Is crane hire insurance a legal requirement?

If your company has any employees, you’re legally obligated to have employer’s liability insurance in place. However, this doesn’t make other covers any less valuable. It would be a poor idea to neglect public liability, for example, considering how dangerous your profession is, while contractors all risk insurance will cover you if your crane is damaged or stolen. Furthermore, you may not be able to take on as many jobs as you’d like without a suitable insurance policy in place, as many clients will refuse to work with crane hire companies who don’t have proper cover.

Do I need crane hire insurance if I am hiring a crane from another company?

No, crane hire insurance protects businesses that hire their cranes out to third parties, while also covering the operator of the crane itself. If you are hiring a crane from a company like this, you will need your own insurance policy. For example, contractors all risk insurance covers you for damages and losses to hired-in plant, equipment, tools and materials.

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*This indicative price is for £1m public and products liability, £250,000 legal expenses, £10,000 financial loss and £10,000 accidental death insurance cover for a sole trader. The price includes insurance premium tax and our admin charge. 22% of new customers paid less than £59 between 1st January 2019 and 31st August 2019. The actual price you pay will depend upon your specific business requirements and will be affected by your trade, your claims history and the optional covers you select which are all priced separately during the quote process. This website is intended for customers based in the UK and is therefore subject to the UK regulatory regime(s) © Copyright 2020 Tradesman Saver | Tradesman Saver and Henry Seymour & Co. are trading names of Barkdene Limited which is authorised and regulated by the Financial Conduct Authority (FRN 303965) for our insurance distribution and credit broking activities. Barkdene Limited is a credit broker not a lender. You can check this on the Financial Services register https://register.fca.org.uk/.
Registered in England No 1842617. Registered Office – Chancery House, St Nicholas Way, Sutton, Surrey, SM1 1JB. All rights reserved.
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