Whether you`re an independent landscaping contractor or operate a lawn care business with multiple employees, small business insurance can protect you from lawsuits and other financial losses. Example 1: Your employees mix orders for two different tasks that day, spraying a customer`s garden and lawn with pesticides that end up damaging property. General liability insurance would likely help cover damages due or settlement in case your business is held liable. Tool and equipment insurance would cover the cost of replacing your leaf blower if it is stolen from a construction site. Cost: How much will the policy cost? Is there a deductible – and if so, at what level? Based on customer data, Insureon estimates that landscaping companies pay a median premium of about $45 per month, or $530 per year, for general liability insurance. Commercial insurance can help protect your business, your talents and your hard work. Growing your business and serving your customers is what you want to do, and insurance can help you when problems arise. With that in mind, here are some things you can do to better protect your business: If you`re starting a new business, you`ll need business insurance. It`s as simple as that.
The protection offered by an LLC protects your personal assets, but your business assets are still liable in the event of a lawsuit or other loss. Example 3: A customer offers to use their riding mower, which your employees assume. A worker climbs inside and accidentally drives the mower into an expensive well, damaging it and the mower. General liability insurance would likely be able to help cover damages owed by your business if it were held liable. Online marketplaces allow you to make the buying process convenient. You can enter information about your business and coverage needs, and then compare offers from multiple providers at once. Brokers work on commission, so they may try to sell you or sell you additional guidelines that you don`t really need. Damage to your company`s property (assets, inventory, equipment) caused by weather events, certain accidents and other hazards. A lawn care company is necessarily mobile and usually has a lot of equipment. This means you`ll almost certainly use utility vehicles to transport expensive tools and machinery to customers` homes and businesses. Insure your company`s vehicles and insure traffic accidents to protect your business from unexpected auto repair costs and accident combinations.
Dealers also offer optional coverage to purchase your landscape insurance policy. While the MAP® Contractors package offers comprehensive coverage for your business, you may want to add additional coverage, such as: B.: Reviews: Is the insurer well rated? How many complaints have been filed against the company on the National Association of Insurance Commissioners website? Review your lawn care insurance coverage on an annual basis and make sure your policies are up to date, especially if they are required for a project or contract. If your policy needs to be renewed, you can reassess your business risks, as well as your existing coverage and current experience with your insurer to determine if you want to change your policy. Understanding the unique risks your business faces can help you determine what coverage you need. Even if you purchase insurance in a marketplace, you may need to work outside the system to make claims or manage parts of your policy. Example 2: In your company`s warehouse, an employee brings his friend to check the equipment. The friend plays with the machine, which leads to a serious injury. If your business is held liable, it will likely be covered by general liability insurance for damages. This article discusses the most important insurance coverage for eBay businesses, general liability insurance, and suggests other appropriate policies for this business. You already have a relationship with an insurer. If you know which insurance company you want to work with or if you have an existing relationship with a supplier, you can contact the company directly to get a quote and purchase your lawn care insurance. The table below provides an overview of average general liability insurance spending in various sectors: Lawn care companies face a number of industry-specific hazards – working with heavy equipment, machinery, potentially hazardous chemicals, etc.
– which means you`ll likely need multiple types of coverage. Vehicles you use for business purposes. Expenses related to accidents resulting from bodily injury or property damage will be covered. Make sure everything you`ve built is safe by purchasing commercial insurance. You may also want to consider bundling several types of insurance into a business owner`s policy, or BOP. Typically, BOPs combine liability insurance, commercial property insurance, and business interruption insurance, but these policies can be customized to meet your needs. If you transport your lawn seed from one construction site to another and your loading area breaks down, causing you to lose your inventory, inland waterway insurance will cover the cost of replacement. Limitation of liability: What is the extent of the damage? For example, Next Insurance offers three protection plan options for lawn care company insurance – basic coverage has a general liability limit of $300,000 per event, while Pro and Pro Plus coverage plans each have a general liability limit of $1 million per event. To find the best insurance for your lawn care business, you have several options: this is your first purchase of business insurance or you are not sure what type of insurance you need. The quotes you receive are limited to the insurance providers the market works with.
You may be able to purchase general liability insurance at a discounted price by purchasing it as part of a Business Owner Insurance (BOP) policy rather than a stand-alone policy. A BOP is a more comprehensive solution that includes several forms of coverage, such as business interruption insurance and property insurance. The cost of repairing or replacing commercial property damaged or stolen by third parties during transportation or storage. For example, Allstate offers a business owner insurance policy that includes general liability, commercial property and business interruption insurance, as well as equipment breakdown insurance. You can also customize your policy with add-ons like data breach coverage and employee dishonesty coverage. Think about the types of accidents, hazards, weather events or litigation that could impact your business. Factors such as the size of your business, location, number of employees, assets, and the nature of your lawn or landscaping maintenance all play a role in assessing your business` risks. Your lawn care business will definitely need a collection of professional tools and other equipment to do their job. Of course, if this property is damaged by things like fire or severe weather, you can get into big trouble.