Landscaping Insurance

Landscaping is a tough enough job when you don’t have to worry about losing everything because of a situation that went dreadfully wrong. Thankfully, insurance exists to cover businesses in these cases. To clear things up a little bit, we’re going to explore all of the details you should know about landscaping insurance.

What is Landscaping Insurance?

A landscaping insurance policy is one that is designed specifically for landscaping companies, protecting them in case they are held liable for damages or their equipment gets damaged over the course of a job. There are several types of businesses that can benefit from this form of coverage:

• Grading companies that are leveling out land for clients who are then going to landscape their yards later can benefit from a landscaping insurance policy. 

• Tree pruning businesses may wish to get their hands on landscaping insurance in case a tree branch falls and causes property damage or even bodily harm.

Types of Landscaping Insurance Policies

There are many different kinds of landscaping insurance policies available, though liability coverage tends to be the most popular choice.

Landscaping Liability Coverage

The most common form of landscaping insurance policy is a general liability insurance policy, followed by a public insurance liability policy.

These two forms of coverage are similar in that they are both liability policies, meaning that they’ll pay out if a landscaping business is found liable for causing bodily injury or property damage to someone. The two policies differ in who exactly they cover.

General liability coverage tends to be more expensive because it will cover anyone who is injured or suffers property damage due to a business’s actions. On the other hand, a public liability policy will be more affordable but it will only kick in if a member of the general public suffers damages.

The general public includes passers-by, clients, and people working for third-party companies on the job site.

How Much Does Landscaping Insurance Cost?

Figuring out the cost of landscaping insurance without a quote will take a lot of guessing and there’s no guarantee that you’ll get it right. This is because there are many different factors that will determine the amount of money that you’ll have to spend on your landscaping insurance premium.

For example, the first thing to consider is the kind of policy that you intend to get your hands on. General liability policies are often a bit more expensive than public liability policies, but they’re the most common, by far. A medium-sized landscaping business can expect to pay about $2000 per year on a general liability policy.

Keep in mind that the size of the business is one of the most significant factors that will impact the cost of your insurance policy. Larger businesses simply come with a bigger risk for the insurance company because of the larger number of clients they’re expected to take on over the course of a year.

More risk for the insurance company means that they’re more likely to have to pay out, which means that they will raise their premiums so that their business can remain financially viable.

Quick Tips for Reducing Landscaping Insurance Premiums

• Maintain a good safety culture and a clean safety record

• Ask your insurance provider if they offer any discounts

• Bundle your policies together for a lower price

• Try to avoid working in high-risk areas