Lawn care contractors come in many types and sizes, but whatever your size or level of experience, accidents, worker injuries, and lawsuits can plague your business and take a bite out of your profits.
Investing in business insurance for your lawn care 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.
Why Do You Need Lawn Care Contractors Insurance?
Your business is exposed to a variety of unique risks. 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?
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 lawn care contractors insurance to protect your assets.
What Does Basic Lawn Care Contractors Insurance Cover?
You’ll need a variety of business insurance policies to adequately cover your lawn care contractor operations.
- Commercial general liability insurance: Lawn care contractors 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 while mowing the lawn). Commercial general liability (CGL) insurance offers broad coverage for a wide range of liability claims. Your lawn care contractors liability insurance may need to be further customized to include any unique risks that you face.
- 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 lawn equipment and landscaping 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 Lawn Care Contractors Need?
You’ll need several other policies or policy endorsements to be sure you’re fully protected from all of your risk exposures.
- Workers’ compensation insurance: Provides protection for workers who are injured or become ill on the job. 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.
- 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 and equipment for 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 lawn care equipment, tools, supplies, computer equipment, data and accounts receivable, 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 Lawn Care Contractors 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 and 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
Our agents simplify the search process for finding the right lawn care contractors 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
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