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What is Rigger’s Liability Insurance?

What is Rigger’s Liability Insurance?

For contractors, the landscape is always changing. Many General Contractors are now using insurance consultants and certificate clearinghouses to verify insurance coverage and endorsements. When third-party insurance administration comes into play, you begin to hear new terms such as “Rigger’s Liability.”  What is Rigger’s Liability? Rigger’s liability insurance is a specific form of insurance coverage for contractors. It is insurance that covers a contractor’s liability that arises out of the movement of property and equipment belonging to others. A common example of this would be a company who lifts air conditioning units by crane to the top of a building. As stated above, this is liability insurance which covers property damage to others, but not property damage to the rigger’s own equipment. Do I Have Rigger’s Liability Coverage? If you regularly use cranes or other equipment to move or haul equipment belonging to others, you probably have rigger’s liability insurance coverage in place. We recommend that you review your policies to be sure, or contact your broker. If moving property or equipment of others in this manner is incidental to your other business activities (meaning it if often unplanned and only happens once in a blue moon) then you may be covered by your Commercial General Liability insurance policy. This is another instance where you should talk to your broker. How Can I Get Rigger’s Liability? If you are in the business of moving the equipment and property of others, then rigger’s liability should be a component of your business insurance portfolio. This can be done as an endorsement on your commercial general liability insurance policy or written as...