The U.S. Mobile Crane Market: Growth and Risk Insights
The U.S. mobile crane market is on a solid growth trajectory and is projected to expand at a compound annual growth rate (CAGR) of approximately 6.7% between 2024 and 2028. As specialists in mobile crane insurance, New Heights Insurance understands the unique risks and opportunities this growth presents to crane operators and contractors. What’s Driving […]
Construction Companies Insurance – How Do You Know?
A construction company can evaluate whether they have good insurance coverage by assessing several key factors and regularly reviewing their policies. Here are some steps and considerations to ensure their insurance coverage is adequate: 1. Comprehensive Coverage Types of Insurance: Ensure you have all necessary types of insurance, such as General Liability, Workers’ Compensation, Equipment […]
Insurance Challenges for Construction Companies
Mobile crane insurance presents several challenging aspects due to the unique risks and operational complexities. Here are some key challenges: High-Risk Nature of Operations Accident Potential: The use of mobile cranes involves significant risks of accidents, including crane collapses, tipping, and load drops, which can lead to severe property damage, bodily injury, or fatalities. Operational […]
Evaluate Your Construction Insurance
A construction company can evaluate whether they have good insurance coverage by assessing several key factors and regularly reviewing their policies. Here are some steps and considerations to ensure their insurance coverage is adequate: 1. Comprehensive Coverage Types of Insurance: Ensure you have all necessary types of insurance, such as General Liability, Workers’ Compensation, Equipment […]
Effective Strategies for Mobile Crane Companies to Lower Risk and Improve Insurability
Mobile crane companies can take steps to lower their risk and obtain better insurance coverage. By implementing robust safety measures, maintaining their equipment correctly, and ensuring compliance with regulations, they can present themselves as lower-risk clients to insurers. Here are some strategies: Regular Maintenance and Inspections Routine Maintenance: Conduct regular and thorough maintenance checks to […]
New Heights and Skyward Specialty Partner to Broaden Crane and Rigging Products, Offerings
Houston, TX (March 26, 2024) – Skyward Specialty Insurance Group, Inc.TM (NASDAQ: SKWD) (“Skyward Specialty”) a leader in the specialty property and casualty market, and New Heights Insurance Solutions (“New Heights”), a division of Specialty Program Group LLC, announced a strategic partnership to expand crane and millwright capabilities for both companies. With more than two decades […]