What is an Excavator?
An excavator is used in construction for moving large objects. It has a base that sits on tracks. At the top of the base is a cabin that can turn from 180-360 degrees. The driver sits in the cabin to control the boom (articulated arm) with a bucket. The average bucket can be replaced with other special types of buckets or attachments such as a stump grinder or rock breaker.
Construction sites and other job sites use excavators to break up and dig trenches.
Do I Need Excavator Insurance?
Construction sites are dangerous environments. With the use of excavators and other heavy equipment, an operator is exposed to different types of risks that could give rise to huge expenses from accident claims and other types of liabilities.
Insurance is important for all trucking and heavy equipment operators. Even as insurance premiums continue to rise, you should never compromise your cover for a few dollars worth of savings.
How Much Does Excavator Insurance Cost?
The cost of an excavator insurance policy can vary depending on a number of factors, such as the size and type of the excavator, the location where it will be operated, the amount of coverage needed, and the insurance company you choose.
Generally, the cost of it can range from a few hundred dollars to several thousand dollars per year, but the average is around $1,000 for a comprehensive coverage.
For example, a small excavator used for residential projects may cost less to insure than a large excavator used for commercial projects. Additionally, if the excavator is used in a high-risk area or if the operator has a history of accidents, the insurance premiums may be higher.
It’s best to get a personalised quote from experienced insurance brokers that specialise in heavy equipment insurance to get a better idea of the cost for your specific situation.
Protect Your Excavator Today with Affordable Insurance Policies
You can find more affordable Excavator Insurance solutions without sacrificing cover if you work with the right insurer in Australia. With our extensive experience in trucking insurance, we can provide you with tailored solutions for your insurance needs at the best price.
To see how cheap it can be, give us a call on 1300 815 344 and experience the benefits of dealing with a specialist earthmoving insurance broker or click on the button below to request a FREE quote ⬇️