Every lawn care business owner wants their company to run smoothly and efficiently. Accidents and damages to lawn businesses are unavoidable, but many are insurance. Is it necessary to have insurance for a lawn-care company? When it comes to lawn care, general liability insurance is a must-have. It might even lawn care insurance require in some cities.
Is Insurance Necessary for My Landscaping Business?
You’ve put everything you’ve got into your company. Growing a successful landscaping business and establishing yourself as a reputable landscape professional takes time for better take lawn care insurance. One mishap can impact your bottom line, negating all of your hard work over the years.It only takes one occurrence seriously to impair your company’s operations and cash flow.
General Liability Insurance Premiums
For $1 million in general liability coverage, the average lawn care firm in America costs between $400 and $1500 each year.
The cost of your coverage is determined some factors. These include the following:
- Employees’ number
- Maximum number of occurrences
- Limit the total amount of money you can spend
If you purchase general liability insurance as part of a business owner’s policy (BOP) rather than as a standalone policy, you may be able to save money. A business owner’s policy (BOP) is a complete insurance package that covers numerous types of coverage, such as business interruption and property insurance.
Excess Liability Insurance
Excess Liability insurance provides coverage limits are higher than those provided liability insurance policies, such as general liability or umbrella liability. Adding additional limitations to your existing policy or policies adds an extra layer of protection.