Your Crane & Rigging Operations Deserve Better Than Market Uncertainty.
A Strategic Partnership Proposal from HUB International - Team Haugen
We can transform this market disruption into an opportunity for stronger coverage, better advocacy, and improved risk management for your operation.
Recent market disruptions have left many in our industry asking tough questions. With NBIS exiting the crane and rigging insurance market, experienced operators like yourself are facing unprecedented uncertainty about coverage, pricing, and partnership continuity.
You shouldn't have to navigate this transition alone.
At HUB International, specifically with Team Haugen, we've been preparing for this moment. We specialize in crane and rigging operations, and we're ready to step in as your steady, experienced partner. We understand the operational and contractual risks you face every day—from lift planning exposures to load securement, inland marine to liability.
Why this moment in the market matters.
The crane and rigging industry is at a critical juncture. With NBIS's exit creating uncertainty, many operations are scrambling to understand their options. However, this disruption also presents an opportunity to partner with a broker who truly understands your world.
Recent market conditions are creating perfect storm scenarios:
- Major carrier exits leaving coverage gaps
- Increased scrutiny on lift planning and operational protocols
- Rising litigation costs affecting liability exposures
- Supply chain disruptions impacting equipment values and replacement costs
- Total new construction spending projected to reach $2.145 trillion in 2025, hitting $2.340 trillion by 2028
- Social inflation affecting just about every Property and Casualty (P&C) policy category, with limits being retracted, premiums increasing, and exclusions surfacing
The stakes have never been higher. Crane operations face unique exposures that generic commercial brokers simply don't understand. From boom collapse to load shifts, site-specific contracts to operator liability—your risks require specialized expertise and carrier relationships that most brokers lack.
The opportunity: Partner with specialists who've been building relationships and expertise specifically for crane and rigging operations, ready to deliver solutions when you need them most.
Deep industry expertise that goes beyond insurance.
Crane and rigging isn't a sideline for us—it's a core focus. Our team works closely with crane operations across the globe, giving us intimate knowledge of:
- Operational Risk Management: From lift planning exposures to load securement protocols
- Equipment Expertise: Understanding the full spectrum from boom trucks to all-terrain cranes
- Contractual Risk Transfer: Reviewing and optimizing contract language for maximum protection
- Regulatory Compliance: Staying ahead of OSHA standards, DOT regulations, and evolving safety requirements
Hands-on service from brokers who know your business.
You'll have direct access to senior brokers who understand your equipment, job sites, and coverage needs. We respond fast when you need answers because we know that in crane operations, time-sensitive decisions can make or break a project.
Our approach differs from traditional brokers:
- No routing through call centers or junior staff
- Direct access to decision-makers who understand crane operations
- Proactive communication about market changes and opportunities
- Same-day response to urgent coverage questions
Proactive risk management & claims advocacy.
We don't just write policies—we help you manage your risk profile and keep claims under control. Our risk management approach includes:
- Pre-Loss Services: Safety program development, equipment inspection protocols, and operator training guidance
- Contract Review: Analyzing hold harmless agreements and insurance requirements
- Claims Partnership: Early intervention, aggressive advocacy, and resolution management
- Industry Intelligence: Keeping you informed about emerging risks and best practices
Proven market relationships in a changing landscape.
HUB provides access to virtually all major insurance carriers and has effective working relationships with over 650 insurers, including specialty markets. For crane and rigging operations, this means:
- Access to specialty carriers who understand your risks
- Competitive market leverage during renewals
- Alternative market options when standard markets tighten
- Creative coverage solutions for unique exposures
Equipment protection that understands your assets.
Your cranes represent significant capital investment and revenue generation capability. Our coverage approach includes:
- Mobile Equipment Coverage: Comprehensive protection for owned, leased, and rented equipment
- Transit Coverage: Protection during transport between job sites
- Boom Insurance: Specialized coverage for boom operations and exposures
- Breakdown Coverage: Business interruption protection when equipment fails
Liability solutions for complex operations.
We understand that no two crane companies are alike, which is why we don't rely on off-the-shelf coverage. Our liability programs address:
- Riggers Liability: Specialized coverage for care, custody, and control exposures
- On-Hook Coverage: Protection for loads being lifted and moved
- Contractual Liability: Coverage aligned with your contract requirements
- Professional Liability: Protection for lift planning and consulting services
Operational risk management.
Beyond insurance, we provide tools and guidance to reduce your exposures:
- Safety program development and training resources
- Equipment inspection and maintenance protocols
- Contract review and risk transfer optimization
- Regulatory compliance monitoring and updates
- Emergency response planning
Why now is the right time?
Carrier relationships built over years, not months.
While other brokers scramble to build new relationships post-NBIS, we've been cultivating specialty market partnerships specifically for crane and rigging operations. This means:
- Immediate Market Access: No learning curve or relationship building delays
- Preferential Treatment: Established relationships mean faster quotes and better terms
- Creative Solutions: Access to non-standard markets for unique situations
- Renewal Leverage: Multi-year relationships that provide negotiating power
Industry knowledge that creates competitive advantage.
HUB employs alternative funding expertise including captives, providing insights into funding options and their advantages and disadvantages. For larger crane operations, this expertise can translate to:
- Cost savings through alternative risk transfer mechanisms
- Improved cash flow through creative funding structures
- Risk retention strategies that align with your risk tolerance
- Group captive opportunities with other quality operators
Technology and analytics that drive results.
Our employee benefits and commercial data analytics teams use proprietary tools to deliver sophisticated technical and financial analysis. Applied to crane operations, this means:
- Predictive analytics for equipment breakdown prevention
- Claims trend analysis to identify risk patterns
- Benchmarking against industry standards
- ROI analysis for risk improvement investments
Your strategic partnership team.
When you work with HUB International - Team Haugen, you gain access to
specialists across multiple disciplines:
Next steps: securing your operation's future.
The window for optimal positioning is closing. With market uncertainty creating pressure on available capacity, early action provides significant advantages:
- Better Carrier Access: First-tier relationships with remaining specialty markets
- Competitive Pricing: Market leverage before capacity tightens further
- Coverage Continuity: Avoiding gaps or rushed decisions
- Risk Improvement Time: Opportunity to enhance your risk profile before renewal
Our immediate action plan:
- Comprehensive risk assessment and current coverage review
- Market presentation to specialty carriers with recommendations
- Proposal delivery with multiple options and risk management strategies
- Implementation and transition planning
Your investment in partnership:
This strategic partnership requires no upfront fees or commitments. Our compensation comes through successful placement and ongoing service—aligning our interests with your success.
What we need from you:
- Current insurance policies and loss history (5 years)
- Equipment schedules and values
- Contract samples and operational overview
- Financial statements (for coverage optimization)
Ready for tomorrow:
The Team Haugen advantage.
"Protect what matters most" isn't just our tagline—it's our commitment to understanding that your crane operation represents your livelihood, your employees' security, and your clients' project success.
With NBIS's exit creating uncertainty across the industry, smart operators are recognizing this as an opportunity to partner with true specialists. We're one of the largest insurance brokers in the world with 5th largest status globally, 2M+ clients, 600+ offices across North America, and 20,000+ employees.
More importantly for your operation: We combine this global strength with deep crane and rigging expertise, giving you both the resources of a major brokerage and the specialized knowledge your risks demand.
The crane and rigging industry is evolving rapidly. With construction spending projected to reach record levels and social inflation affecting liability exposures, having the right insurance partnership isn't just important—it's mission-critical.