In the event that something unexpected occurs, landscaping insurance can protect your company and its personnel. You, your firm, and your employees may require a set of policies, depending on a variety of variables.
Some of your clients may refuse to let you finish work or withhold payment if you can’t show proof of proper insurance. Let’s get started learning more about landscaping insurance and which coverage is the best landscaping insurance for your company.
- Commercial General Liability Insurance
Commercial liability insurance is a broad policy that protects persons other than you or one of your workers from lawsuits. It will pay for property damage or health-related costs if a third-party, such as a client or a bystander, is injured or dies. Commercial liability insurance coverage is one of the most crucial things you can do to safeguard your company.
- Workers’ Compensation Coverage
Given the risks of the landscaping industry, workers’ compensation insurance would be a prudent and necessary addition to your insurance coverage if you have staff. Almost every state requires firms to have workers’ compensation insurance for their employees. Furthermore, when you bid on a task, a potential client is likely to inquire about your staff coverage.
If one of your employees sues you for a work-related accident or illness, workers’ compensation usually includes employer liability coverage. This sort of liability insurance typically covers court costs, attorney’s fees, and any settlements that result from a lawsuit.
Thankfully, obtaining suitable and enough landscaping insurance for your business is a straightforward option. It’s also a good idea to work with an insurance company that specializes in covering landscape businesses like yours. Commercial insurance comes in a variety of shapes and sizes. However, if you want to get the most out of your insurance policy and have the coverage you need when you need it, you’ll need specialized and tailored coverage.