Landscape Services Insurance
With more and more people outsourcing home maintenance, landscaping businesses are more profitable than ever. But with increased profit comes increased risk. If you run a company that takes care of people’s lawns and gardens, you need to take out landscape services insurance to protect your business from lawsuits related to accidents, injuries, and property damage.
What Is Landscape Services Insurance?
Landscaping insurance is designed for the owners of small businesses that perform jobs such as lawn mowing and designing or tending to people’s gardens. It covers common issues that could lead to a lawsuit, such as property damage or personal injury. For instance, if your lawnmower malfunctions and you accidentally damage your customer’s property, your insurance can pay for the repairs.
Similarly, you will be covered if someone gets injured due to your actions at your customer’s home, for example, if you drop an object onto another person’s foot and they have to go to the hospital for treatment. In addition to paying for the medical bills, your insurance policy might cover the legal fees associated with the case and compensate the victim for the time they had to take off work.
How It Works
When you open up a landscaping business, one of the first things you should do is find out what types of insurance you need. A policy that covers general and business-specific liability is crucial because it can prevent you from having to pay out five, six, or seven-figure amounts in case of an accident. For a small fee, usually between $25-75, you can protect your business’s finances and future.
If you’ve never set up a company before, you might not know how to find the best policy for your needs. In this case, you should contact an insurance agent, who can compile the best quotes and help you choose the one that suits your business. Your agent can also help you determine what other policies you need. To be fully covered, many businesses require vehicle insurance and workers’ compensation.
Who Is This Right for?
Everyone who runs a landscaping business needs to take out insurance because the risk associated with a lawsuit is significant. This includes people who offer services like lawn care, spring and fall landscaping, pruning and hedging, creating seasonal displays, irrigating gardens, and removing leaves from properties. If you fail to protect yourself, you could end up having to pay out multiple six figures, which could put you out of business.
Since there are various types of landscaping companies, you should speak to your insurance agent about suitable policies. In addition to the price, you should consider whether your insurance matches the size of your company, the most common risks associated with your services, and the area you cover.
Opening a landscaping business could be a great choice because the demand for this type of service is higher than ever. But before you can start, you need to choose a suitable insurance policy, which protects you if you damage someone’s property or a member of the public gets injured while you’re working. The best way of finding a good policy is to get in touch with an insurance agent, who can help you evaluate various quotes.