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Excavator Insurance in Australia

If you operate excavators in Australia, whether for civil construction or other applications, it is essential to have the right insurance coverage in place to protect your equipment and business from potential risks and financial losses.

Excavator insurance is a type of policy created for operators and businesses, covering various risks related to excavator operation.

What is Excavator Insurance?

Excavator insurance is a type of insurance policy that provides coverage for excavators and other heavy equipment used in construction, demolition, and excavation projects.

This type of insurance policy typically covers a range of risks associated with operating an excavator, such as accidental damage to the equipment, theft, vandalism, and liability for injuries or property damage caused by the equipment.

an excavator on the construction

Do I Need to Buy Insurance for My Excavator?

It’s important to note that buying insurance for excavators is not typically required by law in Australia. However, it is strongly recommended for any business or individual that operates heavy equipment to protect against potential financial losses and liabilities.

Excavators are heavy and powerful machines that can cause significant damage if they are involved in an accident or if they cause damage to other people’s property.

According to WorkSafe QLD, in June 2020, a worker suffered crush injuries to his arms and hands after an excavator bucket collided with waste oil drums while he was preparing to attach lifting equipment.

This highlights the importance of proper training, maintenance, and safety measures when using excavators and other heavy machinery in the workplace. It also emphasizes the need for excavator cover to protect both workers and employers from potential financial losses due to accidents.

excavator Australia

What Does Insurance for Excavators Cover Include?

The policies can vary depending on the specific needs of the policyholder, such as the size and type of excavator, the location and frequency of use, and the level of coverage required. Some common types of cover:

  • Public liability insurance: protects the policyholder against legal liability for bodily injury or property damage caused by the excavator to a third party. For example, if the excavator accidentally damages a neighboring property or causes injury to someone working on the site, public liability insurance can help cover the cost of legal fees, compensation claims, and other related expenses.
  • Property damage insurance: protects the excavator and other equipment against accidental damage, theft, or vandalism. This coverage can help cover the cost of repairing or replacing the equipment if it is damaged or stolen while in use or during transportation.
  • Equipment breakdown insurance: This type of coverage is designed to protect against mechanical breakdowns or failures of the excavator or other equipment. This coverage can help cover the cost of repairs or replacement of the equipment in the event of a breakdown or malfunction

Other types of coverage that may be included:

  • Transit insurance: protects the equipment while it is being transported from one location to another.
  • Business interruption insurance: helps cover the loss of income or revenue if the excavator is out of commission due to damage or breakdown.
  • Workers’ compensation insurance: This coverage is designed to protect the policyholder against legal liability for injuries or illnesses suffered by workers operating the excavator.

Contact Experienced Plant and Machinery Insurance Brokers 

If you own or operate an excavator or other heavy machinery in your business, it’s crucial to have the right insurance coverage to protect yourself and your equipment. Accidents can happen, and the cost of repairs or liability claims can be significant. 

Truck Insurance HQ is a leading insurance broker specialising in heavy machinery insurance, including insurance for excavators. We have a team of experienced brokers who can help you find the right coverage for your specific needs and budget. We can also provide advice on risk management and safety measures to help prevent accidents and reduce your insurance costs.

Don’t take unnecessary risks with your business. Call 1300 815 344 today to discuss your insurance needs or click on the button below to get a FREE quote.

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