Are You Starting a Landscaping Company? Here Are 3 Great Reasons to Protect it With Business Insurance

Landscaping is a great choice of business for anyone with a green thumb who enjoys working in the sun. However, it's still a business like any other—you're performing services for clients and you've got an inventory of essential equipment you use to render these services.

While many states require that landscaping companies carry surety bonds, these don't protect you—their purpose is to protect your clients from accidental damage to their property. In order to protect yourself, you'll need to carry business insurance. Read on for three great reasons to insure your new landscaping company.

1. Property Insurance Can Protect Your Equipment

Landscaping is a great business to enter because many commonly used tools of the trade are inexpensive, like blowers and trimmers. However, some items such as riding mowers, are decidedly pricier. When you carry business property insurance, you'll be covered for the replacement cost of these items if they're accidentally damaged. When you avoid the need to pay for the full replacement cost of your equipment yourself, your business and your financial livelihood are protected.

Business property insurance covers theft as well, which can sometimes be an issue for landscapers. It's common to leave equipment in the truck while you're working on other tasks such as planting or trimming the edge lines of a property, so you're not always able to keep an eye on them. With business property insurance, you can rest easier knowing that loss of your equipment due to theft will be covered by your insurer.

2. Liability Insurance Protects You from Expensive Lawsuits

General liability insurance protects your business from accidental damage done to a client's property. For example, if you accidentally break a sprinkler head with an electric trimmer, the client can sue you for the cost to repair his sprinkler system along with the resultant extreme water bill. In this situation, general liability insurance would protect your business from legal costs along with the cost of compensating the client for damages.

It's also a good idea to carry professional liability insurance. This type of business insurance covers lawsuits that are specifically related to potential defects in your work as a professional landscaper, whereas general liability insurance protects you against accidental damage done to a client's property.

For example, a client who is unhappy with the quality of your landscaping work or who doesn't believe you fulfilled your end of the contract may try to sue you. Regardless of the truth of the situation, legal fees can add up quickly—you can easily spend large amounts of money trying to defend yourself in court against these types of lawsuits. With professional liability insurance, your legal fees and any resulting settlements or judgments will be covered.

3. Having Insurance Helps to Attract More Clients

Not all clients will ask to see your certificate of insurance before they allow you to work on their property, but some certainly will—they want to make sure that they're protected in the case of any accidental damage. When your landscaping business carries insurance and can provide proof, you'll be able to expand your client base.

As an added bonus, providing proof of insurance to potential clients helps to establish your landscaping business as a reliable one. It represents that you've taken the time to research business insurance and carry it for your landscaping work.

Overall, carrying business insurance for your landscaping company helps to protect your livelihood from damaged equipment and potential lawsuits from clients. The ability to provide proof of insurance can also be a great boon to potential customers. If you're interested in insuring your landscaping company, contact a company that provides business insurance and who has knowledge of the landscaping industry—they'll be able to help you obtain the types of coverage that you need.

About Me

Getting Better Insurance

After years of struggling with my finances, I started looking at my budget with the help of a professional. He noticed that I was spending a lot on insurance premiums, so he suggested a few things I could do to lower my costs. I couldn't believe how quickly and easily he found a great new company to work with, but before I knew it, my policy rates were lower and my coverage was a lot better. I wanted to start working with other people to teach them more about insurance, so I made this simple little blog. Check out these articles to find out what you need to know.



Latest Posts

4 March 2024
When it comes to owning a vehicle, whether it's brand new or a few years old, having auto insurance is a must. However, some individuals may question

4 January 2024
Navigating the complex world of auto insurance can be a daunting task. With so many options and policies to choose from, it's easy to feel overwhelmed

27 November 2023
If you own and operate a car, you are probably aware of the importance of car insurance. Car insurance is not just a financial back-up, it also protec