In the specialized field of concrete pumping, having the right coverage makes all the difference.
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A proud member of the American Concrete Pumping Association.
When it comes to concrete pumping and insurance, the term “Hard Market” unfortunately fits perfectly. Hiring a broker who has experience in the industry can be vital in helping ensure you are covered and profitable year after year.
Concrete Pumping Needs Specialized Coverage
Concrete pumping is an often-misunderstood niche in the insurance world that requires special knowledge for insurance carriers to understand the full scope of work and associated risks. For instance, many underwriters believe concrete pumping trucks are merely an over-the-road transportation risk, while others think they perform concrete pouring and finishing. As we know, both are incorrect.
Concrete pumpers indeed have a significant auto exposure but are also operating on construction projects to support concrete crews in moving material from Point A to Point B. The concrete pump/conveyor truck and company have no completed operations exposure, as they aren’t responsible for the quality of concrete delivered or the finished product.
It’s essential to partner with an agent or broker who understands concrete pumping to secure the best coverage and pricing from underwriters. Key aspects of a concrete pumping company’s insurance program include fleet safety, equipment/inland marine coverage, and effective contractual risk transfer.
Concrete pumping and conveyor companies should consider these important factors.
Experienced agent and carrier partners knowledgeable in material placement
Differentiating Auto Coverage vs. Inland Marine
Comprehensive Auto Liability and Physical Damage coverage
Understanding Replacement Cost (RC) vs. Actual Cash Value (ACV)
Focus on fleet safety and Driver MVR monitoring
Evaluating contracts to avoid excess liability
Conducting jobsite hazard analysis
Adhering to ASME B30.27 Compliance for safe operations
Using telematics and cameras for fleet management
Ensuring certified operators are on the job
Get Your Concrete Pumping Insurance Quote Today
…our concrete pumping specialists can help you navigate the complexities of concrete pumping insurance and ensure you’re covered from every angle. Speak to a specialist today!
