Excavation contractors invest their expertise, time and energy to conduct a variety of soil-related tasks, such as grading and trenching. These tasks are often essential components of larger projects, whether it’s a new road, sidewalk, sewer line, piping system or foundation for a building.
However, as an excavation contractor business owner, you need to consider the risks related to property damage, equipment breakdowns, and environmental factors that can occur.
Therefore, it’s important for an excavation contractor to assess their exposures, avoid gaps in their risk management programs, and mitigate losses. Take a look at some of the risk categories and their considerations that should be kept in mind:
General Property:
Premises – Job Site
Operations:
Equipment:
Find out more:
Assessing your exposures and taking the appropriate precautions can go a long way toward protecting your business. Download our “Loss Control Questionnaire: Excavation Contractors” guide for an in-depth list of more ways to minimize gaps in your risk management: