Insurance is one of the few things we have that we hope is never used, as it means that some unexpected event has happened that has caused us loss or damage. For a homeowner whose house has just burnt down, it can be the starting point from which they rebuild. For a business owner, it is absolutely essential to ensure that the business can continue to trade, even after something has disrupted their ability to deliver a product or service.
Insurance Essential to Protect Business Operators
In the case of an earth moving business like Dee Gees Bobcats, there are several types of insurance that we consider essential to protecting not only our interests, but our clients as well. The type of work that we do is not without risk and because we are operating large machines on private properties we do everything we can to make sure that we are not transferring that risk onto our clients.
We do this by supplying earth moving equipment in good operating order that is regularly maintained. Our staff are fully licensed and experienced, with the training and background to perform their difficult tasks to the highest standards of workmanship and safety.
Insurance Must be Right for Our Industry
Naturally, we insure all our plant and equipment against loss and damage, but just as important as having insurance cover, is getting the right type of cover to suit the unique circumstances facing our type of business. There are insurance companies that operate in this market and provide a number of different products suitable for our industry.
They are able to offer policies that are quite specific. For example, they offer fleet insurance for companies large enough to have many vehicles, or policies just for dump trucks, tipper trucks and prime movers, amongst others. For items of plant, it is possible to get a policy just for earth moving, drilling, crane operating, demolition and other similar activities.
Public Liability Insurance a Must
As far as the actual management of the business is concerned, public liability insurance is an absolute must. This type of insurance covers a business for personal injury or property damage claims made by third parties (other than employees) that arise from the operations of the business. Third parties would typically be contractors, customers or members of the general public. It is the most common insurance product sold to businesses.
Confused? Get Professional Advice
Without the right insurance products in place, any business is vulnerable to risk, not just ones like ours. Get professional advice as there are so many providers and products on the market that it is almost impossible to choose the right one without assistance. It is a small price to pay for peace of mind, and the knowledge that if the worst happens, the business can still survive.