What Is Landscaping Insurance?
Lawn care providers and businesses are covered by landscaping insurance policies from any resulting hazards. Because they work with heavy equipment, landscapers and tree trimmers are frequently exposed to dangers that could cause them to suffer financial losses. It is also known as lawn care liability coverage.
Tree care specialists are involved in almost 25% of fatalities in the tree care industry, which emphasizes the significance of having landscape insurance, according to Dripline’s analysis.
Why Is Landscaping Insurance Important?
There is a possibility of physical harm when providing services like trimming your customers’ trees or cutting their grass. In such circumstances, your company should be sued. Additionally, businesses risk the following:
- You’re sued by a worker after a workplace incident
- Property damage resulting from company activities
- Your company uses chemicals like pesticides and herbicides, and one of your customers becomes ill as a result
- Employee theft from a client that led to a lawsuit
Furthermore, such events frequently come as unexpectedly. Business owners may safeguard their assets, revenue, and staff from such occurrences with the use of landscaping insurance.
Who Needs Landscaping Insurance?
Lawns Care Service Providers
Businesses that offer ordinary gardening services, such as weeding, mowing, and general landscaping, are covered by landscape insurance.
Grading and Excavation Service Providers
It is strongly advised that businesses that do tasks like grading for drainage and preparing land for landscaping get landscaping insurance.
Tree Pruning Business
Dusting, trimming, and stump removal are some of the riskier tree pruning procedures. Purchasing landscape insurance is quite advantageous for such dangerous chores.
What Policies Come Under Landscaping Insurance?
Landscape insurance is a compilation of many company insurance regulations rather than a standalone policy.
Additionally, when you look into landscaping insurance, keep in mind some of the following guidelines to protect your company and employees from additional risks.
Business Owners Policy (BOP)
Standard liability, commercial property, and business interruption insurance are all included in a business owner’s coverage. Due to its flexibility and ability to be tailored to your needs, a BOP is essential insurance coverage for small business owners. The following are covered by this policy:
Body injury: While you were providing services in their backyard, your client injured themselves when they tripped over a wire you had installed.
Property damage: While working on the job site, your employee unintentionally harmed the client’s property.
Employee lawsuits: An employee decides to file a claim against your business for injuries and risks sustained at work.
The Bureau of Labor Statistics reports that 229 deaths involving groundskeepers occurred in 2019. Finally, accidents can occur, and a BOP can assist in easing the financial load.
Workers Compensation Insurance
Employee reimbursement insurance enables your business to cover financial losses that rise up from work-related accidents or infections. Moreover, the majority of the states require you to have this insurance if your business has any employees. This coverage covers the following claims:
- Body injury: If a worker gets wounded while on the job while using heavy machinery, workers’ compensation insurance will pay for the worker’s medical expenses.
- Wage replacement: A worker who was injured at work must take time off to heal. Additionally, the insurance coverage will help cover your employee’s earnings while they are on leave.
- Employee death benefits: If an employee suffers an accident and passes away while on business premises, workers’ compensation insurance will pay death benefits to the victim’s family.
Commercial Property Insurance
Sometimes business owners decide against including business property insurance as part of their business owner’s policy package and instead opt for a standalone policy. Your business assets, such as your homes, tools, and equipment, are covered by industrial property insurance. Additionally, it typically covers damage to property caused by calamities like fire, explosions, burst pipes, storms, theft, and vandalism. Commercial property insurance offers the following benefits:
- Replacing or repairing a physical property
- Replacing lost income resulting from the loss of a physical asset
- Paying for the cost of replacing physical assets that, while not actually yours, are in your custody,
Commercial Auto Insurance
Commercial auto insurance covers the damages to any vehicle that you or your employee makes use of at some stage in commercial enterprise operations. When you consider your landscaping business, this coverage covers the subsequent claims:
Property damage: Your commercial enterprise vehicle prompted damage to others’ belongings in an accident.
Bodily injury: A worker injured every other man or woman in a vehicular coincidence.
Vehicle damage: An accident with some other character’s car damages your commercial enterprise vehicle.
Landscaping Insurance: Commercial General Liability Insurance
Despite the fact that this policy is a part of the commercial general liability insurance package, some business owners prefer to purchase it separately. General liability insurance covers property damage and bodily injuries to third parties. additionally, there are a few circumstances in which a third party might also want to sue your lawn care business.
As an example, you could cut an electric-powered wire while pruning a tree and cause an electrical outage. This error could lead to legal action from your client. With well-known liability insurance, you could defend your company from potential lawsuits. So it’s crucial to combine your landscaping insurance with CGLI.
CGL protects your business from the following:
- Client injury
- Property damage
- Legal expenses
How Much Does Landscaping Insurance Cost?
Numerous elements and influences have an impact on the cost of landscaping insurance. Every state has its own criteria for this insurance. As a result, it is impossible to establish a single cost structure that applies to all different kinds of enterprises in this sector. However, the following factors may be used to construct cost estimations for the coverages:
Location: Depending on your operations and business location, many states provide affordable insurance plans.
Payroll: The number of employees and independent contractors you recruit for your business may have an impact on the insurance policy’s price.
Revenue receipts: Annual business revenue receipts are a need for liability insurance. If the company’s revenue rises, the premium expenses will also rise.
Property value: The kind and quantity of tools your company utilizes will affect the total cost of insurance.
Vehicle type: The type, year of manufacture, and model number of the business vehicle directly impact the price of the insurance policy.
Finding a Landscaping Insurance Agent Near You
Finding an excellent landscaping insurance agent in your area is essential to getting the coverage you require for your business. Find an agent who is knowledgeable about the insurance requirements for a handyman business, has access to the best insurance companies, and is willing to offer specialized coverage. Make sure the agent is also licensed, bonded, and ready to take the time to explain your insurance options and answer any questions you may have. A great landscaping insurance agent will make sure you have the proper coverage at the right price.
Finding a good landscaping business insurance agent near you can be easy with a few simple steps.
- First, do some research online to identify potential agents. Check their websites for information about their services, reviews, and customer service.
- Second, ask friends, colleagues, and family for referrals.
- Finally, meet with potential agents to discuss your specific needs. Ask questions to ensure you understand the coverage and services they offer.
With a little effort, you can find a reliable landscaping insurance agent that meets your needs.
Based on your area and the services you need, you can search for agents on United Finance Insurance. To learn more about the skills and experience of the agent, browse reviews and ratings left by past clients. You can then choose the option that best suits your requirements.
In addition to searching for agents, the website provides insurance resources and advice. These include articles and tips on various aspects of the insurance industry.