Because the elevator and escalator industry is full of risks, there had to be a type of insurance that protects the employer from the risks that fall on him as the first stakeholder. So, if your business involves manufacturing, distributing, constructing or using elevators, escalators or electronic walkers, we can help you build an ideal insurance and risk management program to protect your business from potential financial loss.

The elevator insurance policy includes general liability coverage, property coverage, workers' compensation and third-party owners – all without discounts or self-insured retention plans. However, you can get more advantages by providing you with strategies and guidance for areas such as claims management, loss control, and more.

What is Elevator Insurance?

Elevator insurance is very similar to car insurance. One of the purposes of car insurance is to protect people from paying for injuries and financial loss, whether for themselves or a third party. You only have to pay a premium to the insurance company, and in the event of an accident, the insurance company pays compensation on your behalf.

Elevator insurance works in a similar way to car insurance, where elevator owners (manufacturers or users) pay a premium to the insurance company, and the insurance company takes responsibility for losses that occur for an accident that caused injury to a person or malfunctions that require repairs — the insurance company will intervene.

In the event that a person is injured in an elevator or escalator accident, and he files a lawsuit against the officials of the place, the player will deal with his insurance company throughout the legal accountability.