Taking out some kind of insurance policy is essential if you want to make the most out of your business, but if you just don’t know where to start then this guide should certainly be helpful.
Commercial Property Insurance
It’s possible that you will also be offered commercial property insurance too. This will protect your equipment, tools or even your nursery. This is vital if you have your own stock of shrubbery, plants or trees. Property insurance will also cover you if you have your plants or equipment stolen too, so it is important that you take that into account when analysing your options.
Commercial and General Liability
This type of lawn care insurance will cover you for bodily injury and it will also cover you for property damage too. The best thing about this type of cover is that it will protect your clients too, so if they have their property damaged or if someone files a claim against you then you won’t have to worry about a thing. A few examples of what this cover can protect you for include if you hit a gas line when you dig a hole, or even if you apply the wrong lawn care product by mistake and cause damages.
Professional Liability Insurance
This is often referred to as being errors and omissions cover. This covers you for any damages or even if you don’t end up delivering the service that you were contracted to do originally. Professional liability insurance will cover you if you happen to get sued, or if you offer bad advice. This is a very different cover when compared to general liability, so do keep that in mind. If you don’t know if you need this type of cover or not then imagine pruning someone’s tree. A few weeks later, the tree then becomes uprooted and crashes into the homeowner’s property. It’s possible that the owner of the house will state that you didn’t prune the tree properly or even that you didn’t check to see that the roots were healthy. Things like this can happen, so you need to take all of this into account when deciding on your cover.
Commercial Vehicle Insurance
A lot of businesses use a vehicle to transport their plants and tools from one place to another. It’s important that you have this type of cover because it will protect you for any accidents that you might get into. If you perform a snow ploughing service, then you will also require some kind of insurance for this.
Worker’s Compensation Insurance
This type of cover will protect you for work-related injuries and it will also cover you for medical bills, wage replacement and anything else you might need. This type of cover only really covers you if you have a team so make sure that you have enough employees to warrant taking it out. If you need some help deciding, then your insurance provider may be able to help you out with making the decision.