Concrete & Ready-Mix

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Concrete & Ready-Mix Insurance 

Ready mix concrete insurance

Ready mix concrete manufacturers need to get insured for their trucks. This type of policy is a little harder to obtain and can be costly. However, the right policy can keep a project moving. You can choose to purchase a Rip and Tear extension that will reimburse you for the expenses you incur due to a damaged truck. If your truck is involved in a rollover, you can be held liable for the clean up and replacement costs.

Most owners of cement mixers and sand and gravel haulers need general liability and commercial auto coverage. You’ll also need workers compensation and business interruption coverage for your company. Some policies offer specific coverage for concrete batch plants, including pump trucks and in-transit mixers. Your company may have several different vehicles, such as a rebar truck and a mini-batch plant. Your insurance policy should cover the entire fleet of vehicles.

The cost of insurance for your cement truck is one of the most expensive aspects of general contracting. The cost of a full policy for a start-up operation can cost anywhere from $7800 to $15000. While this price is expensive, it’s worth it to avoid losing money or damage in an accident. Besides, the insurance covers a number of other expenses, including the transportation of concrete. A comprehensive policy will be less expensive if your concrete hauling business is based in a local area.