Mines take precious metals and minerals from beneath the ground. Quarries, on the other hand, get rocks, stones, and other construction materials directly from the ground’s surface. Mining and quarrying have the same risks. But you might not be eligible for a mining insurance package. Quarry insurance provides the best protection. Read further to know what policies are included.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $300,000/$1,000,000 | $300,000 | $100,000 | $100,000 | $1,000,000 |
| Waiver of subrogation included? | Yes | No | Included | Can be included | No |
| Hired/non-owned auto liability coverage included? | Yes | No | No | Can be included | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
| Can you get a certificate of insurance online? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Deductible | $0 | $0 | $0 | $0 | $0 |
General liability insurance for quarries covers you from third-party claims. This is the first insurance policy that insurance companies will offer. Here are several important coverage areas included in the general liability policy for a quarry:
Property damage–General liability insurance protects you in case your quarry operations cause damage to someone else's property. For example, if a rockslide damages neighboring structures, this coverage would help cover repairs or replacement costs
Bodily injury–Accidents can happen at quarries. If someone sustains an injury on your premises, general liability insurance can cover the medical expenses, legal fees, and potential settlements or judgments resulting from the injury
Advertising injury–If your quarry's advertising inadvertently causes harm to another company's reputation or infringes on its intellectual property, general liability insurance can provide coverage for resulting claims
The coverage limits for general liability insurance for quarries normally run from $1 million to $5 million. To choose the right coverage limits for your quarry, evaluating your potential risks and talking with an insurance expert are critical.
Certain add-ons can enhance your protection. Some valuable add-ons to consider include are:
Customer property coverage–This covers expenses if a customer’s property got damaged or lost while under your care, custody, and control
Equipment failure insurance–This insurance covers the cost of repairing or replacing your machinery damaged by mechanical or electrical failures
| CoverWallet | NEXT | Thimble (Best) | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $1,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $2,000,000 |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Waiver of subrogation included? | Yes | No | Yes | Can be included | No |
Professional liability insurance, also called errors and omissions insurance, protects businesses and professionals from claims arising from their professional services. Your quarry can purchase this as an occurrence or claims-made policy that covers the negligence, inaccurate advice, and design errors of the engineers, safety inspectors, and other employees.
The coverage limits for errors and omissions (E&O) insurance for quarries is $1 million-$2 million per occurrence and aggregate.
Pollution liability insurance protects from financial losses associated with pollution incidents that may occur during your quarry operations. Quarrying can pollute the air, water, and soil. This insurance protects your business by covering pollution cleanup costs, remediation, and legal liabilities arising from pollution-related claims.
Pollution liability insurance has a $1 million-$10 million per occurrence and aggregate limit.
Contractors pollution liability–This grants protection against expenses if a pollution incident resulted from the activities of a contractor you hired
Transportation pollution liability–This add-on covers pollution occurrences during quarry material transport. It covers transportation-related pollution cleaning, remediation, and legal obligations
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| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $260,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Contents coverage limit (minimum) | $50,000 | $22,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Excluded |
| Accounts receivable | Excluded | Excluded | $5,000/10,000 | Included | Excluded |
| Money and securities | Excluded | $2,500 | $1,000 | Included | Excluded |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Excluded |
| Business interruption floater | Excluded | Included | Included | Included | Excluded |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Excluded |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Included | Excluded |
Commercial property insurance covers your physical property, including buildings, equipment, and machinery. This covers damage or destruction from fire, vandalism, theft, natural disasters, or accidents. The coverage limit is determined by the value of your property and the potential hazards associated with quarry operations.
Depending on the covered property's worth and the quarry business's demands, coverage limits range from $1 million to $10 million or more.
Inland marine coverage–This add-on covers on-site and off-site transportation of quarry equipment and machinery
Equipment breakdown coverage–This add-on covers abrupt and accidental equipment and machinery breakdown
| CoverWallet | Thimble (Best) | NEXT | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| General liability aggregate limit | $2,000,000 | $2,000,000 | $2,000,000 | $300,000 | $1,000,000/$2,000,000 |
| Commercial property coverage limit | $50,000 | $500,000 | $260,000 | $25,000 | $75,000 |
| Optional policies can be added? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes | Yes | Yes |
A BOP combines general liability, commercial property, and business interruption insurance. A business owner’s policy offers the protection of many insurance policies at a price cheaper than buying them as individual coverages. Here are some situations where this is useful:
If a fire, theft, vandalism, or natural disasters destroy your business property, such as buildings, equipment, or inventory
If a third party sues your quarry for bodily injury, property damage, or personal injury
If a covered incident like a fire or natural disaster temporarily suspends your quarry operations
Common coverage limits for a business owner's policy (BOP) for quarries include property insurance limits between $500,000 and $5,000,000, general liability limits between $1,000,000 and $5,000,000 per occurrence, and business interruption limits based on income loss and expenses.
Umbrella insurance–In the event of a large claim or litigation that exceeds the limits of your primary policies, umbrella insurance can help cover the remaining costs, helping to protect your business from significant financial losses
Cyber liability insurance–Covers your losses resulting from data breaches, cyber-attacks, or illicit access to sensitive data
| NEXT | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|
| Aggregate limit | $3,000/$10,000 | $2,500/$5,000 | $15,000/$25,000 | $5,000-$10,000 |
| Covers hired and borrowed equipment? | $3,000/$10,000 | $2,500/$5,000 | No | Yes |
| Miscellaneous equipment also covered? | $5,000/$10,000 | No | Yes | Yes |
| Offered as an endorsement to general liability insurance? | Yes | Yes | Yes | Yes |
| Deductible | $500 | $500 | $0 | $0 |
This quarry insurance protects the apparatus, tools, and equipment used in quarrying operations against accidental damage, theft, vandalism, fire, natural disasters, and mechanical or electrical failures. Here are some situations where you can use this insurance policy:
If your quarry's bulldozer is involved in a collision or a rock crusher sustains inadvertent damage
If quarry machinery or equipment is stolen or vandalized on purpose, tools and equipment insurance provides coverage for the loss or damage
In the unfortunate event of a fire engulfing your quarry workshop or a severe storm causing damage to your excavation equipment
If your quarry's conveyor system experiences a mechanical failure or if a generator experiences an electrical failure
Depending on the quarry's needs and risk profile, tools and equipment insurance limits can range from $100,000.
Spare parts coverage–This add-on covers the cost of spare parts needed for repairs to tools and equipment, ensuring a speedy recovery from breakdowns
Inland marine coverage–This coverage extends protection to tools and equipment while they are in transit or temporarily stored away from the insured's premises. It provides coverage for losses or damages that occur during transport or storage in another location
Commercial auto insurance protects you from financial losses caused by accidents, damages, or liabilities involving your commercial vehicles used in quarry operations. Here are some situations where you can use commercial auto insurance for quarries:
If one of your quarry vehicles causes bodily injury or property damage to a third party as a result of an accident
In the event of collisions, vandalism, theft, or other covered perils causing damage to your quarry's vehicles
If your quarry vehicle is involved in an accident caused by an uninsured or underinsured driver
Depending on the policy and specific needs of the quarry, the coverage limits for commercial auto insurance include liability coverage with limits ranging from $500,000 to $5 million or more, physical damage coverage with limits based on the value of the insured vehicles (e.g., $50,000 to $500,000), and medical payments coverage with limits ranging from $5,000 to $100,000 or more.
Umbrella coverage–Umbrella insurance provides liability protection beyond your basic commercial auto insurance policy. It protects you from high-value lawsuits and accidents with larger coverage levels
Rental reimbursement–This add-on covers the cost of hiring a replacement vehicle while the one you own is being repaired or replaced
This insurance protects your employees if they sustain work-related injuries or sickness while working. It is designed to protect you and your employees in the event of a workplace accident by providing medical benefits, disability benefits, and other related expenses. Here are some perils that workers compensation insurance covers:
Accidents in the workplace–In the event of an accident, such as a slip and fall, machinery-related accident, or falling objects
Occupational sickness–Cover you for respiratory and musculoskeletal illnesses caused by toxic substances or long-term physical stress
Repetitive strain injuries–Quarry work frequently involves repetitive activities that mat result in carpal tunnel, neck injury, shoulder injury or back injury
The coverage limits for workers' compensation insurance for quarries will vary based on policy specifics and insurance companies. Examples of typical coverage limits include medical expenses coverage up to $500,000, lost income benefits up to 66.67% of the employee's average weekly wage, rehabilitation services coverage up to $50,000, and death benefits providing a lump sum of $250,000 to an employee's beneficiaries.
Employer's liability insurance–This coverage protects you from liability claims made by employees who sue for negligence or unsafe working conditions
Occupational accident insurance–This coverage protects independent contractors or contractors who may not qualify for traditional workers' compensation
Excess liability insurance provides you with added protection beyond your primary liability policy. Consider getting this insurance if your general liability or professional liability insurance only offers the minimum coverage.
The coverage limits for excess liability insurance for quarries can vary depending on the size of your quarry and the specific risks involved. Coverage limits typically range from $1 million to $10 million or more.
| Cost per Month | Cost per Year | Deductible | |
|---|---|---|---|
| General liability insurance | $50 | $600 | $0-$500 |
| Professional liability insurance | $60 | $720 | $500-$1,000 |
| Excess liability insurance | $52.00 | $624 | $500-$1,000 |
| Commercial property insurance | $70 | $840 | $1,000-$2,000 |
| Business owner's policy | $114 | $1,368 | $1,500 |
| Tools and equipment insurance | $56 | $672 | $500-$1,000 |
| Commercial auto insurance | $80 | $960 | $500-$1,000 |
| Workers compensation insurance | $117 | $1,404 | $2,500-$5,000 |
The average quarry insurance cost is $50 per month or $600 per year for a $1 million general liability policy. Factors that affect premiums are claims history, business history, policy limits, deductibles, and number of employees. Here’s a table showing the cost of a $1 million general liability coverage from the best companies:
| Cost per Month | Cost per Year | Best for | |
|---|---|---|---|
| NEXT | $34 | $408 | Best overall; Fastest general liability insurance for quarries |
| CoverWallet | $38 | $456 | Comparing quarry insurance quotes online |
| The Hartford | $40 | $480 | Workers compensation insurance for quarries |
| Tivly | $43 | $516 | Comparing quarry insurance quotes over the phone |
| Thimble | $45 | $540 | On-demand insurance for quarries |
| Hiscox | $48 | $576 | Quarry insurance with worldwide coverage |
Get all the best quotes from leading providers in a click of a button!
Here arereputable quarry insurance companies that are often considered among the best in the industry. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability policy.
Best overall
Issues an online proof of insurance instantly
Fastest general liability insurance for quarries
Great customer service and reputation
Excellent rates
Outstanding value for money
Get a 10% discount if you buy two or more policies
Couldn’t find any
NEXT serves small businesses online. They offer tailored insurance products online to make insurance easier for small businesses. They use artificial intelligence and data analytics to give businesses customized estimates depending on their risks and characteristics. Small company owners can easily get quotes, buy policies, monitor coverage, and file claims online using NEXT’s digital platform.
Best for: Best overall; Fastest general liability insurance for quarries
Average cost: $34 per month
Our rating: 10/10
Gives businesses an online platform that is easy to use and where they can easily compare and buy insurance policies
