Water Well Drilling Contractor’s Insurance Edmonton

As a well drilling contractor, insurance is essential for protecting you against the unique risks associated with your trade. Protect yourself from potential liabilities such as theft, third-party injuries and property damage.

Proper insurance coverage is vital for Water Well Drilling Contractors in Edmonton and Alberta

Too often, insurance providers offer standard, packaged solutions they assume will work for all well diggers. Our specialists in construction risk will work with you to review your portfolio, identify any associated exposures and draw up a custom solution that’s suited to your unique needs. Whether you are a tradesperson working alone, a large construction firm or an independent engineer/architect, our over 30 years of in-depth experience in working with the contracting industry have given us the unique expertise to craft coverage that’s specific to you and your business.

Why do I need Water Well Drilling Contractor’s Insurance?

  • Protection for property, tool, supply and equipment losses due to fire, vandalism, theft and more
  • Protection for equipment breakdowns
  • Protection for liability losses due to injury or third-party property damage
  • Protection for errors and omissions
  • Protection for loss of income due to business interruption and more
  • Protection for automobile losses due to accidents and vandalism
  • Protection for cyber losses due to data loss, credit card breach and other digital threats

Water Well Drilling Contractor’s face unique risks

As a well drilling contractor the risks you face are unique to you and your insurance should reflect that. Well Drilling Contractor’s Insurance will provide coverage for anything from property damage and injury to theft of tools or damaged product.

Property Exposures:
  • Property exposures at the contractor’s own location usually consist of an office operation, material, equipment, and vehicle storage. Welding of equipment can present a heavy fire exposure and should be reviewed for proper controls and storage of oxygen tanks.
Inland Marine Exposures:
  • Inland marine exposures come from the well driller’s equipment. The machinery and equipment can be large or specialized creating unique transport exposures.
  • Further equipment exposures develop from the actual use of the equipment during excavation.
  • Equipment may be subject to striking underground objects during excavation; striking utilities; falling into holes or pits; slipping or falling into mud, water, or sinkholes; rock, land or mud slides; and fire from overload.
  • If equipment is left at job sites there is exposure to crime and vandalism.
Occupier’s Liability Exposure
  • Occupier’s liability is another area of high concern. Control of the job site is important with respect to limiting access to visitors or vandalism or attractive nuisance.
  • The potential to strike and disrupt utilities, and the resultant loss of utility or damage that may occur are key concerns.
Automobile Exposures
  • Automobile exposures can be high, especially in the transport of materials, machinery, and equipment.
Workplace Safety Exposures
  • Workplace safety exposures can have many high potential loss opportunities. From the clearing of the site, to the digging of the hole or pit, frequent and severe losses can occur from striking objects or utilities, collapse of retaining or holding walls, mudslides, landslides, underground water, and sinkholes.
  • Any contact with utilities, specifically electrical cable or gas lines, can cause workers compensation injury, in addition to premises losses. Complications from the large, heavy machinery and their use, misuse, maintenance, and transport have unique workers compensation hazards that need review.

Water Well Drilling Contractors we cover include:

  • Self-Employed Water Well Contractors
  • Commercial Water Well Contractors
  • Residential Water Well Contractors

What types of Business Insurance do I need?

There are many types of insurance policies that our experts can advise you on and package to meet your specific needs, such as:

  • Commercial General Liability
  • Commercial Property Insurance
  • Business Interruption Insurance
  • Pollution Liability Insurance
  • Professional Liability Insurance
  • Product Liability Insurance
  • Equipment Breakdown Insurance
  • Commercial Auto Insurance
  • Cyber Insurance