It will be possible to protect a lawn care business from any unwanted property damage, accidents, failure of equipment, as well as lawsuits by insuring it properly. This is an essential aspect of any business out there including a local lawn care business offering its services in one or more states. This will help to make sure that you along with your employees are properly safeguarded provided anything does go wrong. In this way you’ll be able to operate your business in a stress-free and convenient manner.
At present, you’ll come across different types of insurance coverage policies which can help in preventing many expensive mishaps. In fact, similar to any other business out there, a simple combo of worker’s compensation, property insurance, as well as general liability is going to be a fantastic starting point. Below, we have discussed the different types of insurance policies a lawn care company should have in general.
Lawn care insurance policy types:
- General liability insurance
The nature of your business is such that you need to work on other individual’s properties for the major part of your time. Consequently, it is of prime importance to make sure that your insurance package offers comprehensive coverage for any property damage or personal injury which might creep up because of the business operations.
General liability insurance coverage will help to protect you against any lawsuit from the clients while protecting your lawn care business against different types of negligence as well. It is possible to combine your general liability insurance along with other types of insurance coverage policies so as to cover up the important bases.
- Business owner’s policy
Individuals have the propensity of ignoring the fact that lawsuits might become extremely costly in the long run. Moreover, the majority of the small businesses do not have sufficient budget for covering these expenses. In case of any mishap, it will be extremely costly for the businessman to cover up the damages that have incurred. In fact, any damaged equipment or even a lawsuit can spoil your business financially. The policy of the business owner will help you to go on operating your business on such difficult situations given that it perfectly combines commercial property, general liability, as well as business income in one comprehensive lawn care insurance policy.
- Property insurance
This type of insurance policy will safeguard the furniture, premises, as well as other business equipment like computers, smartphones, cabinets, and so on. This type of insurance policy will make sure that your business does not incur any loss or damage in the long run.
- Worker’s compensation insurance
Lots of safety issues are involved when working in the lawn care maintenance industry out there. Mishaps might take place even to the most meticulous person. Your business can be threatened by unexpected accidents particularly if you are not properly insured. You might be held responsible by any injured worker and you might be required to bear his medical expenses and damages.
Being an employer, it is important for you to carry a worker’s compensation insurance policy so as to safeguard the livelihood of your business as well as your employees. In fact, it is compulsory in most of the states out there and its main intention is to focus on covering the expenses of medical bills, missed salaries, along with legal charges which might be caused after the happening of any unexpected mishap.
- Commercial Auto Insurance
In case you happen to transport your equipment using your own automobile, it will be important to safeguard your vehicle with proper insurance coverage. This type of insurance will allow you to safeguard you against any vehicle -related expenses including lawsuits which might creep up from unwanted accidents. It is possible to extend this type of insurance coverage across other vehicles as well which you might be using in your business.
Apart from these above-mentioned 5 lawn care company insurance policies, there are several others such as Umbrella Liability Insurance and Inland Marine Insurance which we have not covered in this particular article. In case you like to have some idea regarding these types of insurance policies, go online and look at the relevant articles and videos which will provide you with a plethora of information. However, one thing is for sure that all these insurance policies will allow you to operate your business with complete peace of mind and you’ll be able to concentrate on other essential tasks too.