There are several types of insurance that an earthmoving business may need, including:
General liability insurance: This covers third-party claims for property damage or injury caused by the business’s operations.
Workers’ compensation insurance: This is required by most states and covers medical expenses and lost wages for employees who are injured on the job.
Commercial auto insurance: This covers vehicles used in the business, including earthmoving equipment.
Equipment breakdown insurance: This covers the cost of repairing or replacing equipment that is damaged or destroyed.
Umbrella insurance: This provides additional liability coverage above the limits of other policies.
Pollution liability insurance: This covers the cost of cleaning up and remediating pollution caused by the business’s operations.
It’s also recommended that you speak with an insurance professional to determine what specific types of coverage your business needs.