A Word From Our Sponsor On Protecting Yourself Physically And Financially
| February 22, 2012 | Posted by admin under Insurance |
Not all construction jobs require rigging. This is a class of work that includes rigging, scaffolding, crane, and steel erection. As soon as the construction calls for a steel truss or telescopic booms mounted on mobile platforms, your construction company is in a whole new ball game when it comes to risk. Your works are at more risk and the adjoining property is at more risk. You train your works and outfit them with the proper safety equipment – you must do the same with your company financially, and outfit yourself with the right rigging insurance.
Just as not all construction jobs require rigging, not all construction insurance companies are familiar with proper rigging insurance and all it requires. As a construction company, you depend on the advice you get from your insurance experts, but you have to make sure they are experts in all aspects of construction, including rigging, or they may not have the expertise you hope to get. This is an important consideration even before you win the job. If a denied claim in the middle of the job makes you realize that you do not have sufficient insurance to complete the job, you may have to take out additional insurance while in the middle of the construction, and damage your profit margin. Even worse, you may have to complete the job with no adjustments at all. For this reason, you will want to contact an insurance company with expertise in rigging insurance.
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