Types of insurance policies for landscaping businesses

Landscaping Insurance

Managing and owning a landscaping business has a list of duties and a fair amount of risks. No matter if it’s a big corporation or a startup. Customer and team safety must always be the greatest priority. This is why commercial landscaping insurance is needed for your business’s success.

Cost of Landscaping Insurance

The cost of landscaping insurance varies based on the total policies chosen. Your primary operations and the coverage options selected. A sole proprietor might have a yearly cost of $500. While a bigger company providing stump removal might have cost $1,000 for Business Property. A lot of companies can expect to pay $7,200- $17,900 in premiums annually.

Understanding the types of landscaping insurance policies

There are various policies to select from. Below are a few of the many policies of landscaping insurance:

  • BOP
  • A business owner’s policy groups both property insurance and general liability into one policy. The general liability part of the policy labels the financial cost if your business is in charge of acts. This includes property damage, injury, advertising, and personal injuries.
  • Inland marine
  • Inland marine coverage cites anything transportable. Whether that’s equipment, material, parts, and more. This coverage shields your business property when it’s stored at a site or in transit.
  • Commercial auto

Landscaping Insurance

  • This policy protects the damage of any company vehicles comprising the expenses suffered as a result of an accident. It’s necessary to understand that a lot of businesses let employees use their vehicles for job tasks. This will be more convenient for the businesses at the time. Yet, a lot of auto insurers won’t enclose accidents if employees use their vehicles for business.
  • Worker’s compensation
  • You’ve maybe heard this policy known as worker’s comp. It covers the subsequently lost wages and medical expenses incurred by an employee. Because of a workplace injury while the employee retrieve. It is a win-win for both the business and the employee since it provides comfort to the employee. It also prevents possible lawsuits for the business.