From precision lawn mowing and creative backyard makeovers to high-tech irrigation installation, your expert landscaping knowledge can take you far. Many landscaping business owners, however, are unaware of the insurance requirements for running their businesses safely and legally. Injuries, property damage, lawsuits, and other unexpected events can bring their beautiful work to a screeching halt.
You need to be prepared before bad things happen. Landscaping business insurance serves as a shield against these costly risks and liabilities.
Below you’ll find some helpful guidelines for the type of insurance you need, factors that affect premiums, and how to find the best coverage at a competitive price. (And if you still have questions, we’ll point you in the right direction!)
What’s Covered With Landscaping Business Insurance?
There are three main types of coverage that would qualify as “landscaping business insurance”:
- General liability covers bodily injury and property damage claims from third parties.
- Workers’ compensation provides medical benefits and lost wages to employees injured on the job.
- Commercial property insurance protects your business equipment, tools, and owned vehicles in case of damage or theft.
- Commercial auto protects vehicles that are used by employees for work.
Unlocking the Secrets: What Impacts Your Insurance Rates
As your landscaping company expands, you should consider how your insurance needs may also change. Several key factors influence the cost of your premiums, and it’s important to understand these as you grow. Here are a few to keep in mind:
Revenue
As revenue increases, so does exposure, leading to higher premiums. With each revenue tier, higher liability limits become a top priority.
Payroll
More employees can pose increased risks, particularly regarding workers’ compensation. As your payroll grows, so do your premiums.
Equipment
Insurers adjust their rates to account for the higher cost of insuring expensive equipment, which reflects the larger potential payouts associated with it.
Services Offered
Different landscaping businesses require different insurance. For example, tree removal services require more comprehensive coverage compared to lawn care.
Past Claims
Too many past claims can make your premiums skyrocket. But with a clean claim history, you can keep your costs low and affordable.
Your Record
Landscapers earn insurance discounts by following safety protocols and documenting training, maintenance, and accident procedures.
Securing the Right Insurance for Your Landscaping Business
Get the best coverage for your landscaping business by teaming up with an insurance specialist who understands your unique needs. We can explain and review all your policy details, so you understand what’s covered and excluded.
Our qualified insurance professionals offer key advantages such as:
- Providing access to exclusive landscaper insurance programs not available through conventional insurers
- Unlocking savings and discounted rates that are only available through specific specialized programs
- Creating insurance limits and terms that are customized to address the specific risks associated with your landscaping activities
- Providing regular insurance reviews to help you avoid under- or over-insuring
Eber & Associates is Pennsylvania’s most reliable partner for matching small business owners with the best landscaping business insurance coverage. Working with one of our knowledgeable landscaping insurance experts allows you to tailor your insurance coverage to the specific needs of your business, including operations, staff, equipment, locations, and services. Our experts have a deep understanding of risks such as tree care, chemical use, and the operation of heavy equipment.
Get in touch with Eber and Associates today. Our seasoned agents are ready to guide you toward the perfect insurance coverage for your budget. Take the first step now and safeguard your company’s future with the ideal insurance plan.
