Best's Underwriting Report

Excavation Contractors

Best's Underwriting reports describe the hazards and loss controls of nearly 600 businesses and municipal services. Each report includes a detailed description of the industry and identifies the hazards and loss controls for those companies. The Hazard Index of each report quantifies the degree of liability in applicable lines of insurance.

Report Date: 2/16/2023 2:12:59 PM
Report Type: Update
Report Description: The Excavation Contractors report helps readers assess the insurance needs of companies that specialize in land preparation, particularly digging and large earthworks projects. General Liability: Premises and Operations, Workers' Compensation, and Inland Marine are the insurance lines that carry the greatest degree of exposure. Special exposures include third-party property damage and/or bodily injuries during operations, workers falling into trenches and cave-ins, and also damage or theft to expensive excavating equipment. Related reports include Building Construction — General Contractors, Blasting Contractors, Crane Services — Construction, Demolition Contractors, Grading of Land, Oil or Gas Well Drilling Contractors, and Rental and Leasing Services — Equipment.

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