Everything You Need to Know about Landscape Contractor Insurance
Good landscaping enhances the look of a property. According to The Appraisal Institute, landscaping, good and bad, can impact a home’s value. A home’s curb appeal can sometimes make or break a potential buyer’s desire to see the rest of the house.
As a landscaper or lawn care provider, you know this; and you work hard to create beautiful, eye-catching landscapes. What happens if you are at a job site and your employee gets injured? Do you have the right coverage if your equipment gets damaged or stolen?
While it might be more fun to plant a Japanese maple, or create a water feature, the right landscape contractor insurance can assist you and your business in times of unforeseen accidents or property damage. Not only do you need to have the right insurance to meet state requirements, many property owners want the peace of mind of knowing that you are adequately covered before hiring you.
It is important to know that landscape insurance is not just for a landscaper or lawn care provider. Tree trimmers, arborists, landscape architects, and landscape designers can benefit from this type of coverage too.
Picking the right insurance options is like picking the right plants for a job. It all depends on your needs!
Basic Business Policies for Landscape Services
Here is a breakdown of the types of business insurance for those in the lawn and landscape services field. Remember, your insurance requirements will vary, so be sure to talk with an expert insurance broker to get the coverage you need.
- General Liability Insurance: As the foundation for your insurance needs, general liability insurance helps provide protection against injuries, lawsuits, or other financial liabilities resulting from accidents on the job.
- Commercial Property/Property Damage: This insurance helps protect your primary place of business, as well as your tools, equipment, warehouses, and garages.
- Loss of Business Income: If your business is shut down, this coverage may help reimburse you for lost income.
- Equipment Breakdown: If you have equipment that stops working because of operator error, power surges, or even mechanical malfunctions, this can help.
- Workers’ Compensation: Hiring a new employee is exciting. However, it also means you may need additional coverage. Workers’ compensation could cover job-related injuries, illness, or loss of income.
- Commercial Vehicle Insurance: If you drive your personal truck for business, you might think that your regular auto insurance will cover any loss from an accident. That is not necessarily the case. Commercial vehicle insurance can help protect your business against risk and penalty.
- Landscaper Liability Insurance: Landscaper liability insurance provides additional coverage that your general liability insurance does not. It is more specific to your needs in the landscaping field than general liability coverage. For example, it may help cover property damage and bodily injury at a job site. It may even help in those cases where your advertising might have caused harm to another’s reputation. Your policy can be tailored depending on the level of protection for your risk and liabilities.
Work with an Experienced Insurance Broker to Get the Best Coverage
Whether you are just starting your landscaping business, or have been maintaining beautiful properties for years, don’t leave your business insurance needs to chance. Contact a skilled broker at The Nowell Agency to determine what is best for your company and your landscaping crew. One of our brokers will be happy to discuss what policies are available to give you the most coverage for your investment.