Hydroseeding services are an important part of the landscaping services industry. While general landscapers provide all kinds of services to create and maintain beautiful outdoor spaces, hydroseeding services use an efficient, high quality, inexpensive method to seed lawns and quickly stop erosion.
Investing in business insurance for your hydroseeding business means first assessing your risks and determining where you have exposures. Then, you need to determine if you have the means to recover if you had a loss. Could you recover if you lost equipment due to a storm, fire or theft? What if a client sued you because an employee caused injury or property damage? Could you adequately compensate an employee who was injured on the job?
Why Do You Need Hydroseeding Service Insurance?
Hydroseeding is the process of combining a mixture called “slurry” (seed, mulch, fertilizer, soil amendments, and water) in a specialized hydroseeder tank, and then applying that mixture to the intended surface using high pressure.
Hydroseeding instigates speedy germination and quickly stops erosion. It’s ideal for beautifying yards, preventing or stopping erosion, eliminating or reducing dust pollution, preventing weed growth, and quickly creating lush lawns for athletic fields or parks.
Hydroseeding services need a great deal of expertise to ensure that every project turns out as promised. You need to understand the environment and climate of each location, ensuring that you use the appropriate seeds and hydroseeding methods to ensure grass growth. If you failed at that most basic task, you’d have a very unhappy customer and could be susceptible to a lawsuit.
You face numerous other risks to your business as well. Could you recover if you lost expensive hydroseeding equipment due to a storm, fire, or theft? What if a client sued you because an employee caused injury or property damage? Could you adequately compensate an employee who was injured on the job?
You need protection for:
- Destruction, loss, theft, or breakdown of buildings, equipment, tools, and other commercial property
- Property damage or injuries that result from one of your products or your operations
- Employee injuries
- Auto accidents involving your vehicle fleet
For these reasons, and because of many other unfortunate circumstances that can occur, you need hydroseeding service insurance to protect your assets.
What Does Basic Hydroseeding Insurance Cover?
You’ll need a variety of business insurance policies to adequately cover your hydroseeding operations.
- Commercial general liability insurance: Hydroseeding services face several areas where they may be accused of negligence. These are typically cases where someone is harmed on your premises or by your workers on a job site, or when your business is responsible for some kind of property damage (e.g., you damage a customer’s property during the hydroseeding process). Commercial general liability (CGL) insurance offers broad coverage for a wide range of liability claims.
- Commercial property insurance: Protects your business in the event of a loss due to a covered peril (e.g., fire, theft, vandalism, or storm). It can help you replace equipment, make repairs to your office, shop, or storage facility, and replace damaged property, including your hydroseeding equipment and supplies.
- Business interruption insurance: Reimburses you for lost income and pays for certain fixed expenses (salaries, rents, etc.) if a covered event (e.g., fire, windstorm, hail) forces you to close to make repairs and replace lost property and equipment.
- Business owners policy (BOP): This policy bundles general liability and commercial property insurance into one more affordable package policy than if you purchase both separately. Only certain small- to medium-sized businesses qualify for a BOP.
What Other Policies Do Hydroseeding Services Need?
You’ll need several other insurance policies or policy endorsements to be sure you’re fully protected from all of your risk exposures.
- Worker's compensation insurance: There is no doubt that your business comes with a unique set of risks for your employees, from exposure to the elements to heavy lifting, equipment malfunctions, bee stings, poison ivy, toxic chemicals, repetitive motion injuries, and more. Elements like synthetic fibers and sawdust used in hydroseeding mixtures can cause lung and eye injury or irritation. Worker's compensation insurance provides protection for workers who are injured or become ill on the job.
- Commercial auto insurance: Safeguards your business against the high costs of auto accidents involving your employees and your commercial vehicles. It can cover any vehicle used to transport employees, products, or equipment, and includes passenger cars, company vans, pickup trucks, trailers, and dump trucks. If employees drive personal vehicles for your business, you may need non-owned commercial auto liability insurance.
- Commercial umbrella insurance: Provides excess liability protection to any of several other policies you might have. If a negligence claim leads to an expensive lawsuit that exceeds the limits of your commercial general liability policy, your commercial umbrella policy kicks in with higher coverage limits.
- Inland marine insurance: Covers your tools, equipment, and supplies from loss or damage while in transit. It is often purchased to fill gaps in your property insurance coverage, since it provides necessary coverage if your business assets are lost or damaged while in storage or on the road. Inland marine coverage will help you replace hydroseeding equipment, tools, supplies, and mobile equipment like trailers that are lost or damaged while in transit or storage.
- Crime coverage: Protects your business if an employee or a group of employees engage in theft, forgery, or fraud that damages your business. It also offers coverage in cases of shoplifting and vandalism.
- Environmental liability coverage: Protects companies from the costs associated with damage caused by improperly disposing of hazardous waste or causing environmental harm.
How Much Does Hydroseeding Service Insurance Cost?
Insurance costs are hard to predict for any business, because every business is unique.
Your costs will depend on the type of coverage you need, the coverage limits you require to adequately protect your commercial property, and the liability risks that you face.
Insurance companies that specialize in businesses like yours will evaluate your unique characteristics, including:
- The location of your business
- The amount and value of your commercial property (buildings, vehicles, equipment, machinery, tools)
- The number of employees you have
- The crime and weather risks in your area
These factors will determine your cost for coverage.
Find and Compare Quotes
An independent insurance agent can work with you one-on-one to determine the types and amounts of coverage you need. Your agent can get quotes from multiple insurance companies so you can evaluate the cost and coverage options and make the best choice.
Benefits of an Independent Agent
These agents simplify the search process for finding the right hydroseeding service insurance. They’ll walk you through some handpicked policy options and explain the details and options.
Most importantly, they’ll be there for you when claim time comes. They know the ins and outs of the process and will make sure your claim is handled appropriately.
The Lowdown on Online Quotes
Online quotes can be tempting. They are fast and easy to get—but are they accurate? And are you getting quotes for the right coverage? For business owners, choosing speed over accuracy can cost you.
Online quotes can’t and don’t see the whole picture. They can leave out important coverage that will leave you devastated if something unexpected happens. And they can leave out cost-saving opportunities that an agent can help you take advantage of.
Instead of getting an online quote, find an independent insurance agent now, and get one-on-one consultation and affordable options for the best coverage for your unique needs.
TrustedChoice.com Article | Reviewed by Paul Martin
©2020, Consumer Agent Portal, LLC. All rights reserved.