
What Are the Benefits of Riggers Liability Insurance?
As a construction business owner, you know how quickly things can go wrong on the jobsite—especially if your workers lift and move expensive items. It only takes one distraction or unexpected gust of wind to knock a heavy object off course, and the resulting damage can be significant. Without riggers liability insurance, you’re on the hook for that damage.
Keep reading to learn how riggers liability insurance works, who needs it, and the many benefits of buying a policy for your business.
What Is Riggers Insurance, and What Does It Cover?
Riggers liability insurance protects a contractor from liability when they move equipment or property belonging to others. For example, a contractor could drop a component of a drilling rig during assembly that belongs to the site owner. Because that property was in their control during the accident, the rigging contractor would be held liable. Riggers insurance would help cover the property damage.
If you already have general liability insurance, you may be wondering why you also need riggers liability insurance. Standard general liability policies exclude property belonging to others in your care, custody, or control, which means you wouldn’t receive any financial support for the property itself. Riggers insurance addresses that coverage gap by paying to repair or replace damaged or destroyed property owned by others. It’s important to note, however, that property damage or injuries resulting from a dropped piece of equipment may be covered under your general liability policy.
Who Needs Rig Insurance Services?
If your employees routinely use cranes to move other people’s air conditioning units, oil and gas equipment, generators, or other property, you most likely need crane and rigging insurance. Your other policies, such as builder’s risk or inland marine, may provide some coverage for damaged equipment, but most rigging contractors need riggers liability coverage for adequate protection.
Companies that provide rigging services only occasionally or only transport equipment belonging to their company may not need riggers liability insurance. If you’re unsure, it’s always best to work with an experienced insurance agent.
Need an expert’s help deciding if riggers liability insurance is right for you? InSource has decades of experience providing specialized coverage in the oil and gas and construction industries.

3 Benefits of Rigging Insurance Coverage
It’s not always easy to understand how riggers liability insurance will benefit your business, especially if you already have general liability and property insurance. But this coverage can come in handy in several situations. Here are a few of the benefits of buying riggers insurance.
1. It Helps You Get Jobs
The construction industry is highly competitive, and winning a bid takes more than a good proposal. Before a property owner signs a contract, they will most likely request proof of insurance coverage, including riggers liability. This demonstrates that you can take financial responsibility if something goes wrong on the rigging site.
Buying a riggers liability insurance policy is an easy way to gain a competitive advantage when bidding for new jobs, and it protects you and the property owner throughout the project.
2. It Protects You From Financial Loss
If you work on large oil and gas or commercial construction sites, you probably lift seven figures worth of equipment throughout the course of a project. One mistake could leave you hundreds of thousands of dollars in the red.
With riggers liability insurance, you won’t have to drain your bank account to repay the property owner. Your policy will help pay to repair or replace the damaged equipment, so you don’t have to pay out of pocket.
3. It Prevents Costly Delays
Many companies don’t have the cash to immediately pay for damaged equipment. If you don’t have a riggers insurance policy, it may take months for you to pay back the total amount, delaying the repairs or replacement.
With adequate riggers liability coverage, you can pay for the damage quickly and keep things moving on the jobsite. However, if a claim exceeds your limits, you’ll still need to pay for the remaining amount. That’s why it’s critical to reassess your coverage after taking on a new job.
Key Takeaways
- Riggers liability insurance is a critical risk management tool for rigging contractors. It covers the risks associated with lifting and moving property belonging to others.
- General liability insurance excludes others’ personal property in your care, custody, or control, so riggers need this specialized coverage to protect you from financial loss.
- Any contractor who lifts and transports property belonging to others needs a policy to address their coverage gaps.
You may receive some coverage for damaged property and equipment under an installation floater or builder’s risk policy, but it often isn’t enough to fully protect rigging contractors. - Buying a riggers legal liability policy can help you get more jobs because property owners look for insurance coverage during the bidding process.
- If you get sued for the cost of damaged equipment, riggers insurance acts as a financial safety net. Without it, you could be on the hook for hundreds of thousands—or even millions of dollars—depending on the damaged equipment.
- Payouts from your riggers insurance can prevent frustrating delays on the construction site.
Protect Your Rigging Company With Custom Coverage from InSource
Are you confident that your rigging company will be covered if something goes wrong on a jobsite? If not, it’s time to bring in the experts at InSource. As an experienced oil and gas insurance company specializing in risk management, we can help you identify any coverage gaps and find affordable policies to address them. We have relationships with dozens of specialty insurance carriers, allowing us to secure customized coverage for every client.
Contact us today to learn more about riggers liability insurance or explore other insurance options for your oil and gas or construction business.
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