Has Your Equipment Broken Down? How Excavation Insurance Has You Covered
- Knight Insurance Group
- 3 days ago
- 2 min read

Excavation work relies on specialized, expensive machinery such as excavators, bulldozers, and backhoes. When these machines break down, they cause significant delays, costly repairs, and financial strain. Fortunately, excavation insurance offers coverage to protect against the financial impact of equipment failure. Some essential coverages include:
Equipment Breakdown Insurance
You would expect insurance to cover the cost of repair or replacement of the equipment. But have you considered the “cost” of a job interrupted? It’s a domino effect of financial strain:
Workers who cannot perform the expected tasks cause delays in project completion.
Delays in project completion can accelerate when the next steps cannot be completed.
The trickle-down effect of project delays could prevent a deadline from being met, which may mean a project-completion bonus is lost.
Equipment breakdown insurance not only covers the cost of repair or replacement, but it provides business income and business interruption coverage. These are essential coverages to protect against the financial strain of delays.
Rental Reimbursement Coverage
Rental reimbursement coverage helps cover the cost of renting replacement machinery while repairs are made. This coverage is essential to ensure you can be up and running as soon as possible. Because minimizing delays is the priority, rental reimbursement is a must-have for excavators.
The Cost of Equipment Breakdown Insurance
How much should you expect to spend on equipment breakdown insurance? Premiums depend on business size, equipment value, usage, and claims history. However, it’s often more affordable than handling the costs of repairs or delays.
The Smart Move
Equipment breakdown insurance is the smart move for excavating businesses. Contractors who invest in the coverage reduce the financial impact of equipment breakdowns, minimize project delays, and optimize their productivity.
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