This is an excellent time to be in the lawn care and landscaping business. As a lawn care or landscaping expert you know how important your work is to the community. Your services are needed for corporate exteriors, public parks, and private homes.
A major issue lawn care providers face when deciding on the insurance coverage needed is that no two companies do exactly the same type of work. Some may do snow removal in the winter. Some may do tree removal and arbor work. Some may do hardscape or serious groundwork.
No matter what your lawn care business focuses on, it is important to review any types of work accepted when considering lawn care business insurance. This leads to the crucial point of lawn care business insurance, using a licensed insurance professional every step of the way in designing your lawn care insurance package.
Whether you’re just starting a new venture, or your existing landscaping or lawn care business is kicking into high gear, understanding your risks and what the proper coverages are for protecting your assets is key in assisting your success.
Having a working knowledge of some types of insurance policies that are commonly needed in landscaping or lawn care businesses might help you understand your insurance agent’s questions, and may also assist you in taking a proactive role in guiding your business’s future.
Who Needs Landscaping Insurance?
Landscaping is such a broad term that it is important to have an insurance policy that will cover your business for the specific services YOUR business is providing.
Here are examples of services you may provide:
- Landscape architecture
- Landscape design
- Landscaping maintenance
- Lawn maintenance
So who needs landscapers insurance?
- Tree Trimmers
- Landscape Architects
- Landscape Designers
- Lawn Irrigation Contractors
Each of these services comes with their own different set of risks. This is why it so important to evaluate your landscaping services before receiving a quote. It is more cost-effective to only be quoted for the risks your business is involved with.
What a Landscaping Insurance Package Should Include
Landscaping businesses should consider some—if not all—of these insurance policies:
- General Liability Insurance: General liability insurance is typically the first type of insurance we suggest for any business. General liability will protect landscaping businesses in any instances of third party bodily injury, property damage, or lawsuit.
- Commercial Property Insurance: Commercial property insurance will protect your building, furniture, and business equipment if there is property damage from disasters, theft, or vandalism.
- Business Interruption Insurance: If your property or equipment is damaged and repair or replacement will be time-consuming, this coverage can help cover lost profits, employee payroll, taxes that are due, and even a temporary business space.
- Business Owner’s Policy: A business Owner's Policy (BOP) typically bundles general liability insurance, commercial property insurance, and business interruption insurance. Bundling the policies can often save you money
- Workers’ Compensation Insurance: Also known as workers’ comp, this is another valuable option for your landscaping business. Most states require workers’ comp insurance if you hire employees. This policy will cover your employees if they are injured on the job. This includes helping pay medical bills and lost wages. In many instances in exchange for this coverage employees agree not to sue you if they're injured on the job.
- Professional Liability Insurance: Professional liability is also known as errors and omissions insurance. This policy protects landscaping businesses against negligence, civil suits, and professional mistakes. This policy will cover legal fees too.
- Commercial Auto Insurance: Does your landscaping business use a cargo van or truck to haul equipment? If you're using a vehicle for business purposes, it needs to be protected with commercial auto liability.
Other Insurance Coverage Small Business Owners Should Consider
Other supplements to a comprehensive landscaping insurance policy can include:
- Inland Marine Insurance: Landscaping tools and equipment can be expensive—you want to make sure it's protected while you're traveling to and from clients. Inland marine coverage protects tools and equipment that aren't permanently attached to your vehicle.
- Umbrella Coverage: If the liability coverage you obtain isn's sufficient, sometimes you can purchase an affordable umbrella coverage to increase your policy limits.
- Herbicide & Pesticide Application Coverage: If a customer claims they've become ill after being exposed to pesticides or herbicides that you've applied, this coverage will protect your business.
The key to maximizing coverage coupled with affordability is working with your licensed insurance professional every step of the way in creating your lawn care insurance package.
WHY Landscaping Businesses Need Coverage
Insurance for landscapers is a necessity that many small businesses think is optional. Here's why it's not:
Example #1: Billy is mowing the lawn and a rock flies from the mower and the customer’s windshield is shattered. Even worse, the customer was in the vehicle and got cut by the glass. If you don’t have insurance the windshield replacement and third party bodily injury could drain your accounts. But with general liability, you can rest easy knowing your landscaping business is covered.
Example #2: Mark is on the clock trimming hedges when he injures himself and needs immediate medical attention. Workers’ compensation will cover the bill from the emergency room and lost wages if he's unable to immediately return to work.
Example #3: A severe thunderstorm blows through your town and limbs from a tree break your store window and cause significant property damage. Your property insurance will provide coverage to replace the broken window.
Example #4: You provide a recommendation to a client about a specific lawn treatment and, after taking your advice, the customer’s yard dies. If they sue your company, you are covered with professional liability insurance.
Landscaping can be a dangerous business. As the business owner, you want to make sure your business is protected with the best insurance policy to meet the needs of your company.
How Much Does Landscaping Insurance Cost?
How much does insurance for landscaping cost? First, you must look at what impacts the pricing of your insurance policy:
- What is the annual profit of your landscaping business?
- Do you hire employees or subcontractors? How many do you have?
- Do you offer tree or stump removal?
- Do you own trucks or other work vehicles?
- What coverage limits would you like to obtain?
You can expect to pay an average of $29–$59 a month for general liability insurance alone. Other policies will impact the overall cost of insurance for landscaping businesses.
Get a Free Landscaping Insurance Quote
A landscaping or lawn care business can be an incredibly profitable and flexible venture. But if it isn’t properly insured, you risk losing that versatile and potentially lucrative enterprise. You put your personal assets in jeopardy and run the risk of going into debt if you have a claim made against you. (Remember that claims don’t have to be valid to need defense and court costs aren’t usually cheap.)
Speaking with an experienced insurance professional who understands your business’s needs is crucial, and it’s also imperative that you answer any questions–truthfully–about what you do or don’t do in your lawn care or landscaping business, so that your insurance can truly protect you. To get a free insurance quote for landscaping insurance, complete the form at the top of the page or give us a call at 1-877-907-5267. One of our agents will gladly help you find landscaping insurance with the right company for you!
| Additional Insured Included:
| Free Certificates:
| Payment Options:
|| YES (Pay in Full OR Payment Plans)
| Low Down Payments:
|| YES (Flexible Payment Options)
| Coverage Limit Minimum:
|| $2,000,000 / $2,000,000 / $1,000,000
Related Articles: Workers' Compensation Insurance, Commercial Auto Insurance, Tree Trimming & Tree Service Insurance, General Liability Insurance