DO LANDSCAPING BUSINESSES REALLY NEED INSURANCE?

Whether you run small landscaping business with just one or two hardworking employees or a much larger company with dozens of specialists in your area, you already know that the landscaping industry is full of challenges. To provide top-quality service, you’ll have to take care of expensive equipment, store it, and keep it in good working order. You’ll also have to be on time for appointments and always do your best. Getting insurance for your landscaping business is important because it protects both your business and your employees in case something goes wrong.


Depending on how your business works and how many employees you have, you may need more than one policy to protect it. Even though landscaping insurance may not be required by law, you’ll find that many clients won’t hire you unless you can show proof that you have the right coverage. Some clients may even withhold payment until you can prove you have the right insurance.
 
Find out more about why landscaping businesses need insurance by reading on.


 
VARIETY IN THE LANDSCAPING INDUSTRY


Let’s just say that “landscaping” isn’t just one kind of business. “Landscaping” can mean a lot of different things to people in business, such as:
 
People who take care of trees, prune them and do maintenance work

  • Sprinkler workers and people who water lawns
  • Landscape pesticide and herbicide applicators
  • People who do general lawn care
  • Gardening landscapers
  • Hardscape builders
  • Landscapers who work on hardscapes
  • Landscape grading workers
  • Landscape contractors


It’s hard to come up with a “cookie-cutter” package for every landscaping business because the landscaping industry is so different. It’s best to work with an agent to create a policy that fits your business, its needs, employees, and how it runs.


 
WHAT IS COVERED BY LANDSCAPING INSURANCE


Technically, what your landscaping business insurance covers could be different depending on your policy, the type of business you run, and the insurance company you work with. As a general rule, it helps to have the following coverage options in your overall landscaping business insurance package:

  • Insurance for general liability
  • Insurance for commercial vehicles
  • Insurance for when things break down
  • Insurance for business interruptions
  • Umbrella liability insurance
  • Insurance for workers’ compensation


Depending on the size and location of your business, or if you have a physical location, you may also need to think about other coverage options. It depends on what you do for a living. A representative from Hitchings Insurance Agency can look at your situation and help you figure out what kind of coverage your business might need.
 
A landscaping business insurance package should be made to protect your business property (if you have any) from fire, vandalism, hail, and natural disasters, among other things. You should also have some kind of liability insurance in case your normal business activities hurt a third party or client or damage their property. Lastly, if your landscaping business uses tools and equipment, you may need to buy insurance to protect you in case something breaks down or breaks down mechanically and causes you to lose money. Depending on what kind of business you have, you may have other important coverage options.


 
How much does insurance for a garden cost?


When figuring out how much landscaping insurance will cost, there are two main things to think about: how much coverage you need and what kind of business you run. There are, of course, many more things that affect the cost, but you may find that these two are the most important. The price of a landscaping insurance policy will vary, so you may not pay the same as the business next door. Costs depend on:


 
How long has your company been open?


Your company may have been sued in the past.

  • History of insurance
  • The number of staff members
  • Equipment usage
  • Physical storage space
  • Vehicles for work
  • Choices for coverage


Get a quote from a company like Hitchings Insurance to get a general idea of what your costs will be. Even though it might be scary to add another bill to your list, insurance is an important business cost. Think of it as a small cost for a lot of safety.
 
For your reference, here are some average numbers for landscaping insurance.
 
On average, a landscaping business with one or two employees might pay $2,000 per year for insurance.
A landscaping business with 10 or more workers may pay an average of $10,000 per year for insurance.
Again, prices will differ. Getting a free quote is the best way to get the most accurate price.


 
THE BENEFITS OF LANDSCAPING INSURANCE


Insurance is important for any kind of business you run, and landscaping insurance is no different. Insurance can protect you if something unexpected happens. Here are some great things about it:

  • You and your employees can relax.
  • Shows your customers that you can be trusted.
  • You can deduct your business insurance premiums on your tax return.
  • Gives you protection if something unexpected happens, even if it would put you out of business if it didn’t.
  • Brings in and keeps the best employees.

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