HUB Team Haugen — Crane & Rigging Insurance

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.

Team Haugen principals — Logan, Spencer, and Hayden Haugen

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

Logan Haugen on a worksite with industrial equipment

Industrial crane rigging at a millwright facility

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

HUB Team Haugen team member working with tablet

Coverage Architecture

Coverages built for crane and rigging.

Specialized programs structured around the assets, liability profile, and operational realities of crane operators—not generic commercial templates.

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

The Time Advantage

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: