Insurance is essential for contractors in every industry. When you work in landscaping, you'll need to find the right combination of landscape contractors insurance policies to protect your company and its equipment.
Every landscaping business faces risks and potential accidents, but insurance coverage will make sure you have financial protection against unexpected issues. Here are some of the factors that go into the cost of your insurance and how we calculate a quote for your business.
Not every company has the same insurance needs. Depending on the work you do and the situations you want coverage for, you can choose a unique collection of policies. These policies will pay out claims in certain situations, like when workers get injuries or when your equipment fails.
General liability insurance is necessary for every company. It covers any claim that you may have caused, like property damage, personal injury, and other issues you are otherwise responsible for.
Worker's compensation insurance can save you a lot of hassle and make your employees feel more comfortable at work. This will protect you from lawsuits and ensure each employee has their medical bills covered in case of an accident.
Even if the people you work with aren't classified as employees, they can be retroactively considered employees in court or by insurance companies. That means worker's compensation shouldn't be overlooked, even if you think you don't need it. An insurance professional can help you figure out the details.
Landscapers often rely on vehicles to transport their equipment and get from property to property. Auto insurance will protect your vehicle investments from weather damage and other issues. Californian law actually requires business owners to insure their vehicles.
Whatever insurance you need, the right insurance company will provide options that will help you continue to impress customers and gain new clients.
If you've ever paid for auto insurance, you know how many factors go into your insurance estimate. Insurance companies look at everything about your organization—from its size to the type of work you do. In the lawn care business, it's very similar.
Some of the main considerations are:
The size of your business is also a factor—like the number of people on your payroll and your yearly income, as well as any subcontractors.
The number and type of tools you have will affect your insurance. For example, older or poorly-maintained tools may cost more to insure simply because they're more likely to give out or need repairs. It's the same principle that applies to auto insurance.
The type of business you have is another key consideration. Some contractor companies are at higher risk than others. Roofers face more risks than workers who stay firmly planted on the ground.
Another factor is the amount of coverage you want. If you want more coverage, you'll need to pay a higher premium. Choosing a higher deductible can lower your monthly costs—while choosing a low deductible can mean higher monthly payments.
Before sitting down to get an insurance quote, it's important to gather all the essential information about your business.
In addition to information about the business itself, like the location, industry, and revenue, many insurance companies will also ask about your personal details as the owner. They'll also ask about any employees and subcontractors.
As always, choosing a policy and approach to insurance requires you to consider the pros and cons of each option. Working with a landscaping insurance expert can make the process easier.
Insurance agents are there to help you understand the benefits and limits of each available plan.
Affordable, reliable coverages can protect your business and keep you working even when you run up against challenges like vandalism or broken equipment. When there are so many providers out there, it can be tough to find one that suits your needs at a reasonable premium.
Our team focuses on small business owners and we have a thorough understanding of landscaping business insurance.An agent from our team can walk you through the services we offer and answer all your questions about different policies. To get contractors insurance quote from a business insurance expert, contact us at 888-306-7887 at Stampede Insurance Services today!