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A forklift doesn’t provide much maneuverability when loading heavy cargo. This is why businesses also use telehandlers. Telehandlers can move heavy objects up and down, forward and backward, or side to side.
Consider purchasing telehandler insurance. This consists of policies that protect against liability claims, equipment breakdown, and other risks. Read this guide to know how each work, the cost of premiums, and the best companies.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $300,000/$1,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 | $1,000,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $100,000 | $100,000 | $5,000 | $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 | Excluded | 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 |
Your telehandler insurance policy will need to cover the liabilities of your business. One of the best liability insurance policies is general liability insurance. This policy will protect your business from third-party property damage and bodily injury claims. Example situations include:
You accidentally damage customer property while on the job
You run someone over while driving the telehandler
Products and completed operations–Takes care of costs if the completed or delivered service of your telehandler caused bodily injuries or property damage to third parties
Cyber liability–Covers any costs that arise from a data breach or cyber attack on your telehandler business
Your telehandler’s general liability coverage will have a $1 million-$2 million per occurrence and aggregate limit. Nonetheless, some companies offer up to $5 million if your business profile is good.
| 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 |
Your telehandler business can use professional liability coverage to protect against the catastrophic costs of lawsuits related to errors or omissions you make in your business operations. Examples of coverage include:
A client sues you for failing to deliver a promised service on time
One of your employees makes a mistake that causes substantial financial loss to a client
Prior acts coverage–Protects your telehandler business from liabilities that may have occurred before your current professional liability policy
Excess liability–An excess liability policy will help you extend the coverage limit of your professional liability insurance
Your policy typically has a professional liability coverage limit of $1 million.
Yes. Sometimes a client may ask that a telehandler have a professional liability insurance policy to ensure your business has the resources to cover potential lawsuits. One reason is that your client will want to make sure you can compensate their losses if you cannot fulfill the terms of a business contract.
Get all the best quotes from leading providers in a click of a button!
| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $320,000 | $25,000/$500,000 | $75,000 | $25,000 |
| Contents coverage limit (minimum) | $50,000 | $35,000 | $25,000/$500,000 | $75,000 | $15,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Included |
| Accounts receivable | Excluded | Excluded | $5,000/$10,000 | Excluded | Included |
| Money and securities | Excluded | $2,500 | $1,000 | Excluded | Included |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Included |
| Business interruption floater | Excluded | Included | Included | Excluded | Included |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Included |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Excluded | Excluded |
A commercial property policy will protect your premises and any personal business property within against fire, theft, vandalism, lightning, sinkhole collapse, falling objects, riot, and other covered perils.
Business interruption insurance–Helps you compensate for lost income and other costs associated with a physical event interrupting business operations
Equipment breakdown–This policy will protect your telehandler equipment from internal breakdowns due to mechanical failure, electronic failure, or power surges
Commercial property insurance will have a typical coverage limit of about $50,000, though much higher limits are available depending on the policy.
Commercial property insurance will insure personal and business assets within a radius of your premises. This will include items like electronics, chairs, desks, and equipment. It will also cover specific outdoor properties like trees, shrubs, and fences.
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| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| General liability aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 | $1,000,000/$2,000,000 |
| Commercial property coverage limit | $50,000 | $320,000 | $25,000/$500,000 | $75,000 | $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 business owner’s policy is an excellent way to pick up multiple policies simultaneously. It will combine the coverage of commercial property and general liability insurance. Thus, you can use this policy when:
A tool stored on your business premises is damaged in a terrible fire
A customer gets injured during your telehandler business service
Employment practices liability coverage–Protects your telehandler business against employee claims of discrimination, improper dismissal, and workplace harassment
Earthquake protection–Compensates your business for property damage due to earthquakes and other earth movement events
Your business owner’s policy will have a general liability coverage of $1 million and commercial property coverage of $60,000. Higher limits may be available.
A business owner’s policy application will ask several questions about your telehandler business. Insurers will want to know where your business is located, the size of your payroll, and the estimated revenue. You will also want to take inventory to know the value of your business property.
| 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 |
A tools and equipment policy protects the portable equipment of your business against damage or destruction. Example situations to use this policy include:
Equipment you use in your business is damaged in a fire
Some tools you use to maintain the telehandlers get stolen while at a worksite
The operator is careless and damaged the boom of your telehandler
Flood damage–Protects your telehandler business tools when caught in rising flood waters
Equipment breakdown–Adds additional events your tools can get covered for, like mechanical breakdown and electronic shortages
Tools and equipment insurance will cover tools between $5,000 and $20,000, with higher limits available depending on your insurance policy.
Yes. Some equipment policies will cover accidents caused by employees. However, some policies exclude wear and tear, corrosion, and rust.
A workers’ compensation policy is crucial for any business with employees. This policy will pay benefits to workers who are injured or sick while working. Failure to get workers’ compensation insurance can result in stiff fines and penalties.
Yes. Workers comp policies generally offer a death benefit if an employee dies while on the job. This will benefit any covered beneficiaries, like the employee’s family. It will also pay burial expenses.
You need commercial auto insurance for driving a telehandler on highways, in case it can’t be transported through a hauler. Commercial auto insurance is composed of many different policies. Common ones are outlined below:
Auto-liability–Covers the medical treatments of victims if your telehandler causes an accident while running on the road
Collision–Pays for repairs if your telehandler got damaged due to a road crash
Comprehensive–Cover repairs if your telehandler got damaged due to fire, theft, vandalism, and other covered perils
Underinsured motorist–Adds additional protection to cover the gap in benefits if another driver’s insurance cannot cover your medical expenses or property damage
Roadside assistance–Helps you pay for services like towing, tire delivery, battery jump starts, and gas delivery
Commercial auto insurance will have liability coverage starting from $100,000 and extending as much as $1 million.
Personal auto insurance only protects your vehicle for personal purposes. In contrast, commercial auto insurance covers your vehicle for business purposes. This is a crucial distinction because most insurance companies won’t cover a telehandler through a personal auto policy.
| Cost per Month | Cost per Year | Deductible | |
|---|---|---|---|
| General liability insurance | $65 | $780 | $0-$500 |
| Professional liability insurance | $76 | $912 | $500-$1,000 |
| Excess liability insurance | $67.00 | $804 | $500-$1,000 |
| Commercial property insurance | $80 | $960 | $1,000-$2,000 |
| Business owner’s policy | $110 | $1,320 | $1,500 |
| Tools and equipment insurance | $71 | $852 | $500-$1,000 |
| Commercial auto insurance | $75 | $900 | $500-$1,000 |
| Workers compensation insurance | $115 | $1,380 | $2,500-$5,000 |
The average telehandler insurance cost is $65 per month or $780 per year for a $1 million general liability policy. Factors that affect premiums are claims history, business history, policy limits, deductibles, annual revenue, number of employees, and location. Here’s a table showing the cost of a $1 million general liability insurance from the best telehandler insurance companies:
| NEXT | $38 | $456 | Best overall; Fastest general liability insurance for telehandlers |
|---|---|---|---|
| The Hartford | $42 | $504 | Workers compensation insurance for telehandler operators |
| CoverWallet | $45 | $540 | Comparing telehandler insurance quotes online |
| Tivly | $49 | $588 | Comparing telehandler insurance quotes over the phone |
| Thimble | $52 | $624 | On-demand coverage for telehandler operators |
| Hiscox | $59 | $708 | Telehandler insurance with automatic renewal |
Get all the best quotes from leading providers in a click of a button!
Here are the best telehandler insurance companies. 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 telehandlers
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 offers excellent options for telehandler businesses that are affordable. The company is great on price and lets you know costs upfront. NEXT are also reliable because of the A- AM Best rating. NEXT has a B+ Better Business Bureau score. Insurance policy options include tools and equipment, workers comp, general liability, and more.
Best for: Best overall; Fastest general liability insurance for telehandlers
Average cost: $38 per month
Our rating: 10/10
Benefits for AARP members
File entirely online
A longstanding insurer that has 200 years of underwriting expertise
Some customers report slower customer service times
The Hartford offers business insurance that is offered based on your industry. You will find helpful policies like workers’ compensation, commercial auto, and business owner’s policy. The Harford is a trusted insurer with years of experience and an A- rating from AM Best.
Best for: Workers compensation insurance for telehandler operators
Average cost: $42 per month
Our rating: 10/10
Works with A-rated US insurers
Choose from 10+ partners
Machinery repair insurance policy
Lets you get a quote without being committed to buying a policy
Doesn’t underwrite the policies
If you choose CoverWallet, you will find an excellent selection of insurance policies that your business can use. CoverWallet offers policies from top insurers like Markel, Hiscox, Progressive, and Travelers. Coverwallet specializes in optimizing your coverage to ensure your needs are being met. With CoverWallet, there are no hidden broker fees. This allows you to change or update your policy easier when your business needs change.
Best for: Comparing telehandler insurance quotes online
Average cost: $45 per month
Our rating: 10/10
Insurance network with over 200 providers
Tivly takes the guess-work out of finding insurers through their matching process
Compare quotes over the phone
Does not carry insurance themselves
Tivly has a massive selection of insurance partners and policies from which to choose your telehandler insurance coverage. The company offers you helpful insurance resources online to help you learn about the coverage you need. This company has an A rating from the Better Business Bureau. Tivly allows you to connect with them to get quotes and match with top insurers with over 200 different options. Call now to compare quotes over the phone.
Best for: Comparing telehandler insurance quotes over the phone
Average cost: $49 per month
Our rating: 10/10
Offers short and long-term coverage
Small companies will appreciate the flexibility in coverage
Excellent online resources to help inexperienced insurance buyers
Customer support options are limited compared to competitors
Thimble offers policy options like cyber insurance, professional liability, general liability, workers’ compensation, and property insurance for your telehandler business. This company allows you to avail general liability as a short-term policy. Moreover, this company’s general liability insurance comes with numerous add-ons for the most comprehensive protection.
Best for: On-demand coverage for telehandler operators
Average cost: $52 per month
Our rating: 10/10
Get a discount when you bundle multiple insurance policies
Numerous add-ons to base policies
Over 100 years of insurance experience
No coverage for some policies in Alaska
Hiscox is one of the best choices for your commercial property insurance. You can get covered for events like electronic data, accidental damage, business equipment, and coverage in and out of the office. You can trust Hiscox to back up your coverage thanks to its A+ Fitch rating and A rating from AM Best.
Best for: Telehandler insurance with automatic renewal
Average cost: $59 per month
Our rating: 10/10
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Simple online quoting and purchase. excellent mobile app. claims filing via phone, website or app. Combines competitive rates with excellent customer experience. Progressive provides all of the coverage a small business needs. not to mention its financial strength
10 / 10
Excellent business insurance coverage tailored to your business needs in good rates, professional customer service, pays claims fast and fairly. Recommended!
0 / 10
Not recommended, worst company I've dealt with. Denying claims regularly.
9.4 / 10
Fastest ever online insurance quote and purchase! Also, great rates and professional customer reps that helps with whatever you need, if you need. Nice company!
Paul Burns Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
It has been 70 days since I made a claim on the roof of my building. No one from the company will return calls. We are in hurricane season and located in Louisiana. My building is tarped to secure it.
2.8 / 10
Embroker sells a product that it doesn't honor. We purchased a combination D&O and EPLI policy. However, when it came to renewal, it told us that we only had D&O coverage even through our ACCORD certificate clearly mentions we have both. Basically they refused to honor the EPLI coverage and will leave you hanging with the bag. At time of renewal, they more than doubled our quote to get similar coverage. Basically BAIT & SWITCH. Unacceptable tactics. Easy to buy and pay but you may not be... Read More
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
They are the worst, my truck was hit in January 23 and the claim adjuster has not been out to this very day! They have every excuse in the book as to why. They have not been to the collision shop. PLEASE AVOID THESE SCAM ARTIST!
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Avoid these SCAM ARTISTS! They don’t pay claims!!! Save yourself the trouble and money!
Kasey Arey Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
This company gives you a price that was in place for a year and when you have to use it there is fine print were they can go back and charge you more. Would not recommend them to any one. Crooks
John Murphy Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Worst insurance comapny I have ever dealt with. A commercial vehicle represented by GUARD t boned my wife and daughters family vehicle in the middle of the day. Driver was cited and insurance claim insued. Fast forward 4 months and refusal of full amount of claim is still happening. Driver was found guilty, repairs started on my vehicle and when it comes to the final bill and diminished value we cannot get any help. I am out a family car, have an injured and traumatized wife and children,... Read More
Harshadray Patel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Extremely bad service, when you call , will make you wait on the phone for ever (over an Hour) and still no one to answer , so you end up hanging up. To cancel the policy, bounce you from one department to the other. They are supposed to refund from the date other insurance started and after sending the proof of other insurance policy, still they did not refund based on that actual date instead they use the date i managed to get hold of them. They charged me $7000.00 for a year's insurance on... Read More
Aaron Wensel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
Guard Insurance is terrible. They were so bad I cancelled them because them couldn't figure out why I would never get a paper copy of the bill . Verified my address with them and still intermittent billing. I cancelled them in March through my local broker. Today 6/27 I get a letter in the mail from a collections company saying I owe 87.97. This was the first myself or my broker heard of owing this money. Here is some advice for this failure of a company send me a god damn bill and I will pay.... Read More
Michael Swink Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
My employer had to have workers compensation by law. He obtained a policy through this Berkshire Hathaway GUARD and they failed me. I fell from a ladder and fractured my spine in 7 different places, my clavicle in 4 places, and the base of my skull. Going to my Dr visits I was prescribed medication for pain and the insurance company placed a pre-authorization hold on me picking up the medication from Walgreens. The hold lasted 5 days! My weekly benefits have never been on time, right now... Read More
2 / 10
I never purchased the policy. The person I spoke with "Bruce" was condescending and argumentative. He kept repeating himself and talking in circles telling me what I HAVE TO DO, basically trying to bully me into purchasing commercial insurance. I wouldn't use this company if they were paying me!
2.8 / 10
Great platform. Terrible policy. There is no teeth behind it. No coverage. It's a fake policy that they sell. Sold us an EPLI policy that later we came to find out had no EPLI coverage. Amazing that they can get away with outright fraud. Check the positive reviews. They are all 'Anonymous' posted by Emroker staff. Stay away and find a real policy that will actually provide you coverage. We've been bitten by them and hope to find restitution via a lawsuit.
10 / 10
Liberty Mutual is one of the more simple companies to deal with. I had to file a claim for my business owner policy after I caught one of my employees stealing a large amount of products from my business. Liberty mutual paid the claim fast and with no efforts. I wish the legal process was as easy…
10 / 10
Highest level of plan and customer service
10 / 10
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
7.7 / 10
Decent experience with Hiscox business insurance
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
9.4 / 10
Very pleased with Hiscox - their small business insurance rates are very good and they specialize in small business which gives me a peace of mind as a small business owner. So far so good!
10 / 10
Their customer service is absolutely fantastic. Very patient, knowledgable and provided excellent explanation of the purchased policy. I would highly recommend this insurance company to anyone that's looking to protect their business from unexpected expense. Thank you Hiscox for doing a great job for my business!
0.6 / 10
STAY AWAY! I wouldn't recommend hiscox small business liability insurance to anyone. Better not waste both your money and your time. Hiscox customer service is extremely unpleasant, not organized and not professional. It is the worst company we have dealt with in almost 25 years in business!
10 / 10
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
10 / 10
Extremely fast and simple. Wasted a lot of time and money until I found these guys! I feel like my business is in good hands now.
10 / 10
My experience with AAA's business insurance was fairly good. Customer service is excellent, coverage is broad, claims process was efficient. I do recommend them.
10 / 10
Simple online quoting and purchase. excellent mobile app. claims filing via phone, website or app. Combines competitive rates with excellent customer experience. Progressive provides all of the coverage a small business needs. not to mention its financial strength
0 / 10
State Farm's business insurance was such a bad choice for us. Worst communication, very unprofessional. Been insured for over 12 years through a local statefarm agent who we were having insurance for our own home, our personal cars, our own health insurance, workers compensation, all of our commercial autos that serve our business - our agent didn't inform us of raising our premium rates, of certain inspections, and send us very rude emails upon our policy cancellations that were caused by his... Read More
10 / 10
Extremely helpful, kind and knowledgable customer service team! I received a business insurance package that was tailored and personalized to my exact business needs! Excellent liability insurance. Their pricing for business insurance is not the most affordable you'll find, however it's better to pay more and know that you are covered well. We got coverage for $1M. In regards to claims, I haven't had any experience so cannot attest, but the rest was excellent so I'm sure claims will be great as... Read More
10 / 10
Customer service is fast and efficient. They were very caring about issues that we faced, checked them all and resolved our claims fast. State Farm is an excellent company. They gave us excellent business insurance coverage that was customized to our precise needs. We worked together to build the most suitable coverage to our needs, nothing more or less, while making sure the rate is good enough. State Farm's business insurance cost was very good compared to other companies, while maintaining a... Read More
10 / 10
Excellent business insurance coverage tailored to your business needs in good rates, professional customer service, pays claims fast and fairly. Recommended!
10 / 10
highly recommended!
9.8 / 10
Chubb provides business insurance coverage for all size of businesses, from small local ones to huge multinational corporates, they are very fast to respond to your claims, their business insurance coverage is very advanced while being tailored to your needs, aka covering you from all sides without over-covering you to make you pay more like some companies do. I'm a very satisfied customer.
9.7 / 10
Very annoyed in 2020 they do not offer online quotes, however they are great at everything else. The coverage is amazing, customer service is world class, value of money is great (even when their rates are not the cheapest), fast and excellent handling of claims, very dedicated and business focused. The only other issue is since they cover all types and sizes of businesses, they do not seem to specialize in any of them specifically.
Not all those who wander are lost.
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