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OVERVIEW
From 1997 to 2007, annual deaths from cranerelated accidents ranged between 62 and 90. In 2008, fatalities jumped to 197; in 2009 the number climbed to 217. In 2010, there were 111 deaths due to crane-related accidents. Its a given that crane ownership is a high-profile, highrisk business. So the question that remains is, how can crane owners best control that risk while reducing their liability? These coverage options available for crane-related accidents can help protect your business and employees: General Liability Property & Equipment Auto Liability & Physical Damage New Workers Compensation/Employers Liability Excess/Umbrella Liability

GENERAL LIABILITY
A standard insurance policy issued to business organizations to protect them against liability claims for bodily injury (BI) and property damage (PD) arising out of premises, operations, products, and completed operations; and advertising and personal injury (PI) liability. Allieds coverage includes: $2,000,000 general aggregate $1,000,000 per occurrence $2,000,000 products and completed operations $1,000,000 personal and advertising Occurrence form Various deductible options Riggers Liability including Loss of Use (Coverage is outside the per occurrence limit) Sudden/accidental pollution included for $250,000 and can be increased up to $1 million Over-the-road liability coverage for truck-mounted cranes Employee Benefits of $1 million
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PROPERTY & EQUIPMENT

Your business needs to be protected financially from the loss of buildings, equipment and business personal property in the event of fire, theft or other covered types of damage or destruction. If your business involves servicing other peoples property, you should have protection while its in your possession. Also, beyond physical damage to property, you can also protect your business from lost income resulting from a covered loss. Allieds coverage includes: "Manuscript" coverage tailored to cover equipment rented to third parties Replacement cost valuation for equipment under 10 years old Riggers coverage available with optimal consequential loss coverage Specialty coverage including boom overload, over-the-road liability, loss of income and extra expense, loss of rents, equipment in your care, custody and control, attachments coverage Flood and earthquake available in most states

AUTO LIABILITY & PHYSICAL DAMAGE

This insurance helps cover the financial responsibility if you or an employee is at fault in an accident and people are injured or property is damaged. A minimum amount of commercial auto liability insurance (or proof of financial responsibility) is required in most states. Allieds coverage includes: Broad Form Insured Employees as Insureds Hired Car Physical Damage Blanket Additional Insured Towing/Labor Rental Reimbursement Personal Effects Accident Airbag Deployment Loan/Lease Gap Preferential pricing for qualified accounts Fleet and loss experience discounts

Excess/Umbrella Liability
Even if you carry General Liability Insurance for your business, you might face a repair, settlement, or judgment in excess of your coverage limit. Without Business Umbrella Insurance (also sometimes called Umbrella Liability Insurance or Excess Liability Insurance), you would have to pay the uncovered expenses out-ofpocket. Allieds coverage includes: $1 million to $5 million coverage limits with higher limits available

New Workers Compensation Liability

An insurance policy that provides coverage for an employer's two key exposures arising out of injuries sustained by employees. Part One of the policy covers the employer's statutory liabilities under workers compensation laws, and Part Two of the policy covers liability arising out of employees' work-related injuries that do not fall under the workers compensation statute. Allieds coverage includes: Available in most states Best's "A-" (Excellent) rated carrier that specializes in Worker's Comp Ability to issue certificates of insurance online anytime Superior claims handling service

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The coverage program highlights are subject to change without notice. Coverages can vary by insurer and specific risk circumstances. Please refer to the actual proposal of insurance for specific policy terms and specific coverages provided.

Sources: http://www.irmi.com/online/insurance-glossary/terms/c/commercial-general-liability-cgl-policy.aspx http://www.dfmurphy.com/businessinsurance/Property http://www.grayduffylaw.com/wpcontent/uploads/2011/10/Crane-Hot-Line-Oct-2011.pdf http://www.alliedinsbrokers.com/industries/cranes/coverage-options http://downtownlalaw.com/crane-accident-lawsuit-liability-for-injury/ http://www.nationwide.com/commercial-auto-liability.jsp http://www.irmi.com/online/insurance-glossary/terms/w/workers-compensation-and-employers-liability-policy.aspx http://www.businessinsurancenow.com/umbrella-liability/