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Why Crane and Rigging Risks Are Testing Construction Insurance Programmes

Fragmented cover can leave contractors exposed when one incident triggers multiple policy sections

Why Crane and Rigging Risks Are Testing Construction Insurance Programmes?w=400

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A new crane and rigging insurance facility in Australia has put a spotlight on a practical problem that many high-risk contractors already understand: when one job is insured across several policies, a loss can become a dispute about which insurer should respond.

Insurance Business reported on 30 June 2026 that ARTes Specialty has launched an integrated crane and rigging policy for the Australian market. The product brings material damage, business interruption, riggers’ liability and transport exposures into a single wording, with material damage cover up to $15 million and liability limits up to $20 million. While the product itself is aimed at a specialised sector, the broader lesson applies across construction business insurance: policy structure matters as much as policy limits.

Crane and rigging work often involves overlapping risks. A single incident may damage the crane, destroy a lifted load, affect nearby property, interrupt trading and raise questions about transit or lifting liability. If those exposures sit with different insurers, the contractor can be left waiting while each party reviews definitions, exclusions and responsibility. For a well-capitalised operator, that delay is frustrating. For a smaller equipment-dependent contractor, it can threaten cash flow, contract performance and even business survival.

The timing is important. The construction sector remains under pressure from elevated costs, skilled labour shortages, tighter margins and persistent insolvency risk. In that environment, a stalled claim is not merely an administrative inconvenience. It can affect payroll, replacement plant, subcontractor payments and the ability to keep projects moving.

For builders, civil contractors and specialist trades, the takeaway is not that every business needs a combined wording. It is that every insurance programme should be tested against real loss scenarios before a claim occurs. Practical questions include:

  • Which policy responds if one incident causes both equipment damage and third-party property damage?
  • Are lifting, loading, transport and site operations treated consistently across the programme?
  • Do exclusions in one policy assume another policy will respond?
  • Is there a clear claims pathway, or could multiple insurers become involved?

This is where experienced construction insurance brokers can add value. Contractors should not only compare premiums, but also examine how cover operates when several risks collide in a single event.

As specialist facilities evolve, Australian construction businesses have an opportunity to compare construction insurance coverage with a sharper focus on claims certainty. The strongest insurance programme is not necessarily the one with the most separate policies; it is the one that gives a contractor the clearest route back to work when something goes wrong.

Published:Friday, 3rd Jul 2026
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

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Moral Hazard:
The concept that individuals may take on more risk when they do not bear the full consequences of that risk, often relevant in insurance scenarios.