What’s The Best Landscaping Insurance I Can Get? - Farmer Brown Insurance Agency - Contractor Talk

What’s The Best Landscaping Insurance I Can Get?

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Old 10-02-2020, 05:32 AM   #1
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What’s The Best Landscaping Insurance I Can Get?

What’s the Best Landscaping Insurance I Can Get?

Where is your landscaping company most vulnerable? Once you know this, you’ll know what kind of coverage you need.

Research indicates that 4 out of 10 small businesses are likely to experience a property or general liability claim over the next 10 years. Contractors Liability insurance helps protect your business against such claims.

Contractors Liability insurance for landscaping businesses

Contractors Liability is an essential insurance policy if you provide services such as operating heavy equipment around client’s homes, setting up sprinkler systems, yard landscaping, and other lawn care related services. This insurance protects you and your business from claims resulting from bodily injury, property damage, and personal and advertising injury, as well as from completed products claims.

Here are some examples of the coverage that comes with Contractors Liability.
Bodily injury: Over 6000 people are seriously injured each year in lawn mower accidents. If you or one of your employees causes a similar bodily injury to a client or a third party, contractor’s insurance covers the cost of the resulting claim. It also covers the cost of immediate medical expenses for the injured person, without requiring you to be found legally responsible for the accident.
Property damage: As a landscaping contractor, you likely work extensively on a client’s property. If you accidentally damage a client or a third party individual’s property during the course of your work, contractor’s insurance will help protect your business from the resulting financial liability. For example, if you are trimming a tree and a branch accidentally falls on your client’s home, damage to the property would be covered.
This insurance also covers accidental damage to any locations that you rent. For example, your business offices may be in a rented office. If you or one of your employees accidentally damages the office, Contractors Liability insurance will help offset the financial burden to your business.
Completed products claims: Suppose you are contracted to install a sprinkler system in a client’s garden. However, after installation, the system malfunctions and causes water damage to the garden and the client’s home. In such a situation, where there is a claim related to a service you provided or a product that you have produced, Contractors Liability insurance will ensure that you are financially covered.
Personal/Advertising Injury: If, during the process of advertising your business, you accidentally infringe on someone else’s copyright, Contractors Liability insurance will provide coverage. It also provides coverage in the case of personal or reputational harm claims, which occurs when someone claims you engaged in libel or slander against them.
Reputational harm claims are the most expensive claims a business can face, and on average, cost $50,000, making Contractors Liability insurance a must-have to protect your business from financial stress.
How much does Contractors Liability insurance cost?

The median cost for Contractors Liability insurance, or general liability insurance, for landscaping businesses is $530 annually. However, the premium rate to your business will depend on the types of services you offer, annual revenue, history of claims, and other factors that are unique to your business.

What next?

Contact Farmer Brown Insurance company to find the best rates for your Landscapers Liability insurance. Call (888) 973-0016
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