An Overview Of Insurance Policies For Your Lawn Care Business:
Protecting your investments, which include your business and all of your assets, should be a high priority if you hope to continue doing business. Some forms of insurance are required by law, and others are just good old common sense.
All of these cost-cutting measures are ways to stay afloat in this tough economy no matter what is thrown at your lawn care business. Your lawn care business, whether new or old, needs to have this kind of coverage and protection in order to compete in todays market place. Even the biggest franchises get sued from time to time for various reasons, and it is generally considered a cost of doing business.
In accordance with the rule of survival of the fittest, you will want to avail yourself of the type of protection available to you, whether youre a small, medium, or large business, and no matter how many or how few employees you have. The businesses who stay around the longest are those who have been able to weather the financial storms of law suits and other liability issues through smart business planning and good liability coverage.
How To Finance And Structure Your Business
When you start a business, you have a lot to do and plenty of decisions to make.
- Buy or lease equipment
- Choose your business structure: sole proprietorship, partnership, or LLC
- Open a business bank account
- Self-finance all purchases or take out a business loan
- Hire an accountant or do your own business taxes
When and how youll do these things is crucial to setting up your lawn care business.
How Much Does Landscaping Liability Insurance Cost
How much does business insurance coverage for landscapers cost? Here are some factors that might impact the cost of your insurance policy:
- The annual profit of your landscaping business
- The number of employees or subcontractors you hire
- Whether or not you offer tree or stump removal
- If you own trucks or other work vehicles
- The deductibles and coverage limits you choose
- The insurance agency you choose to work with
You can expect to pay an average of $29$59 a month for general liability insurance alone. The addition of other policies will increase the overall cost of insurance for landscaping businesses.
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Lower Lawn Care Insurance Costs
The cost of business insurance has been increasing for lawn maintenance companies. General liability and workers’ comp insurance have been the major cause of the increase in the cost. We’ve partnered with our insurance companies to provide more affordable commercial insurance packages for our customers. Ask about our package insurance options for lawn care:
Workers Compensation and Employers Liability
Commercial General Liability
Personal Property and Commercial Property
Umbrella Liability and more
Not all lines of insurance coverage or all class codes will be available in all states. Contact one of our Workers’ Comp Specialists for program details on general liability and workers’ compensation insurance.
Ask about our Pay As You Go plans designed to improve cashflow and bullet-proof your audits.
8 a.m.- 5 p.m. – Central, M – F
Workers’ Comp for Lawn Care.
Commercial Auto Insurance Cost
Those companies with their vehicles, such as lawn care company pickups or tree trimming trucks, mostly purchase commercial auto insurance costs.
The median premium for landscaping businesses pays about 150 dollars per month or 1810 dollars per year. Through the commercial auto insurance policy, pay to the third party property damage and medical bills.
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How Does The Claims Process Work With Next Insurance
- If youre a policyholder, you can file a claim any time by logging in to your account at www.nextinsurance.com and clicking the File a claim under the “About us” tab. You can expect a call from us shortly after you submit a claim to go over the details.
- If you do not have a policy with us and are filing against one of our policyholders, you can head over to our website at www.nextinsurance.com, select Help Center under our Support tab, and under Quick Actions for Customers click where it says Not a policyholder and want to file a claim?
- If you cannot access your online account and require help from our support team, please visit our online help center.
How Much Does Lawn Service Cost
As stated above, it takes a lot of work to keep your lawn looking its best. Apart from regular lawn mowing services, you may also need other lawn care services like hydroseeding, lawn fertilization, landscaping, etc.
Whether you hire the kid from down the street or a professional company to maintain your lawn. You need to factor in the following:
Similarly, the existing condition of your lawn also factors into how much you can be charged. If your yard is well-watered and mowed regularly, the maintenance services and charges will be minimal.
On the other hand, a neglected and overgrown yard requires more manpower for its upkeep, which drives up the cost of lawn care services.
- Recurring Lawn Service Cost or Customized Packages: Many professional lawn care companies offer weekly, bi-monthly, or monthly lawn care and maintenance services. Paying for a weekly lawn service ensures that your yard stays in good shape and costs less than a one-time service.
Now, lets take a look at some service-based lawn service costs.
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What Are The Coverage And Pricing Options For Lawn Care Insurance
We offer customized packages to each customer so you can find the coverage that you want. You pay only for what you need.
Lawn care business owners like you typically purchase a combination of coverage in their insurance package, including:
- General liability can help protect you if bodily injury or damage to someone else or their property occurs
- Workers compensation can help protect you if your employee has a workplace injury or work-related illness
- Tools & equipment can help protect you if your tools are lost, damaged or stolen
- Commercial property can help protect you if you own your own building, lease property or work from home
After you answer a few basic questions with our online instant quote, you can review your options and choose the amount of coverage you want from our Basic, Pro and Pro+ packages.
Continue reading to learn more about how much different types of insurance costs and their coverage limits.
Lawn Mowing Business Insurance
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If you operate a business as a lawn mowing contractor there are certain types of insurance you may need.
The most common one youll come across, especially if youre doing work for real estate agents and property managers, is public liability.
In this guide well look at the various forms of business insurance available to lawn mowing contractors.
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Lawn Care Businesses Specializing In Mowing Trimming Or General Lawn Maintenance Need Protection Our Lawn Care Insurance Is The Protection For Your Equipment And Your Business We Provide Lawn Care Professionals With Affordable And Convenient Insurance With A Completely Online Quote Process Obtaining Insurance For Your Lawn Care Business Has Never Been Easier
- A+ RatedOur policies offer two types of payment plans for your convenience while you rake in the savings with a combined general and professional liability policy. Payment plans start at $28/ month and $336/ year.
- AffordableRated by AM Best. Mow easy knowing your business is backed by top-rated protection.
- AccessibleEnjoy 24/7 access to your account and policy documents from your online portal.
- General Liability InsuranceThird-party bodily injury and property damage claims are common claims in the lawn care industry. Protect your business with general liability coverage.
- Unlimited Additional InsuredsSome locations or venues may require you to list them as an additional insured on your insurance policy. Insurance Canopy allows unlimited additional insureds at no extra cost.
- Customizable Coverage OptionsWe understand that you have unique business needs, that is why we offer multiple coverage options, including additional general liability coverage, cyber liability coverage, and more.
- Equipment CoverageYour equipment is the heart of your business and can often include a hefty price tag when damaged. We can help with the cost through Equipment Coverage. With general liability limits of $2M, you can feel confident that your business is protected.
What Kind Of Services Should I Offer
Most lawn care businesses have approximately 25 customers they see each week and offers services like these:
And of course, these old standbys:
- Fertilizer application
As you can see, theres plenty of landscaping services you can offer. Just remember to always provide an superior customer service experience for everyone you do business with.
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License And Permit Bonds
Each state requires licenses and bonds for certain professions. If your state requires a landscaping license, it will likely require a surety bond, also known as a licensing bond.
A bond provides a financial guarantee that you will comply with your states laws and the terms of any contracts you sign.
Its worth noting that some carriers will allow you to name additional insured parties on your policy at no extra cost. For example, this is useful if your lawn care business works for a homeowners association that could be held liable because of alleged negligence on your part.
Insurance And Workers Compensation
If something goes wrong while youre providing lawn care services, having the proper insurance in place takes lots of the worry away. Liability insurance covers you and your employees from accidents in which someone gets injured. Ask your insurance agent for a package deal that includes general business liability and property coverage for any damage done to your clients lawn or home. You also need truck insurance to protect the vehicle you use for transporting lawn care equipment if you drive to your customers homes. If you hire employees, most states require you to obtain workers compensation insurance, too.
References
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Lawn Care Liability Insurance By The Hour
Lawn care liability insurance by the hour is usually sold as a general liability insurance policy. The function is still the same. What makes hourly lawn care liability insurance is that premiums are calculated based on how many hours you want to get covered. For example, if coverage is $34 per hour and you want to get covered for 12 hours, then the premium will be $408.
Hourly lawn care liability insurance is perfect for individuals who mow lawns as an occasional side gig. But know that its also possible for lawn care companies to buy lawn care liability insurance hourly basis if they lack adequate coverage to comply with the insurance requirements of a project contract.
Business Insurance For Lawn Care Companies
Business Insurance is designed to protect a business owner’s financial assets and is an essential investment for an ebay business.
This article will cover the main insurance coverage for ebay businesses, general liability insurance, and suggest other policies that are suitable for this business.
Recommended: Use our dedicated small business insurance provider, Next Insurance, to get a quote now!
2022-08-11
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Lawn Care Liability Insurance For One Day
Lawn care liability insurance for one day, also called 24 hour lawn care liability insurance, is a one-day general liability policy having optional policies. Lawn care liability insurance by the day determines premiums based on how many days you want to be covered. For example, if lawn care liability insurance daily basis costs $43 and you need insurance for three days, then premiums will be $129.
So what are the optional policies in lawn care liability insurance for a day? Add-ons are products and completed operations, and equipment and tools coverage.
Use An Experienced Insurance Broker
Talk to an insurance broker who understands the lawn care and landscaping industry. That way you wont end up paying for extra coverage you dont need, or with any gaps in your cover.
Not sure of the difference between an insurance carrier, agent and broker? Our blog post might help. But basically, an insurance broker works for you, the customer. That means they have your best interests at heart.
They compare insurance policies in the marketplace and choose the one that best suits the needs of your particular lawn mowing business. Thats because they have in-depth knowledge about which insurers provide the best coverage for specific risks.
Using a broker means that when it comes to choosing your lawn mowing business insurance, you dont have to do all the leg-work. They do it for you.
InsuranceBee makes buying business insurance easy. We speak your language, not jargon. And we understand that every lawn care business is unique. Which means its coverage needs are, too.
You can get a quote and buy your lawn care business insurance online, or speak to one of our licensed advisors. Whichever is easiest for you.
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This information is provided to assist you in understanding the coverage we offer and does not modify the terms and conditions of any insurance policy, nor does it imply that any claim is covered. Coverages are subject to underwriting and may not be available in all states.
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Annual Yard Work Prices
Cost: $700 to $2,600 annually
This includes: Complete Lawn Maintenance and Overall Servicing of all the Landscaping Features.
Conditions that may vary the price: Services as per Climatic Changes, Size of the property, Extra services.
Check out the chart for lawn care services below:
Now that we have a fair idea about the service charges for lawn maintenance, lets see if you have any other questions in mind, which match with the FAQs we have compiled for you here.
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Is It Worth Paying For Lawn Care
Hiring a professional lawn care company in your area saves more time than money, but it can be financially beneficial in the long run as well. If you don’t have the time to keep up with mowing, watering, and treating lawn issues throughout the year, you could end up with costly issues like overgrown thatch, disease, or pests.
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Workers Compensation Insurance Cost
When employees suffer a work-related injury, for example, if an employee breaks his hand while trimming a tree, they will help cover all the bills medical expenses through the policy.
The median premium is about 240 dollars per month or 3000 dollars per year. This policy mostly depends on the number of employees.
Your Landscaping Vehicles And Their Use Determine Commercial Auto Costs
Among landscaping businesses that purchase commercial auto insurance with Insureon, 40% pay less than $1,500 per year and 41% pay between $1,500 and $3,000 per year.
Landscape designers pay a median premium of $245 per month, or $2,935 annually. In contrast, the median cost for irrigation businesses is $155 per month, or $1,855 annually.
The cost depends on the type and number of company vehicles, their use, employees’ driving records, and your claims history.
Learn how coverage limits and other factors affect the cost of this policy on Insureon’s commercial auto insurance cost analysis page.
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Common General Liability Policy Limits For Landscapers
Policy limits determine how much your insurer will pay on covered claims. A per-occurrence limit is the maximum your insurer will pay for a single incident, while an aggregate limit is the maximum your insurer will pay on any claims during your policy period, typically one year.
Most landscaping businesses choose general liability policies with a $1 million per-occurrence limit and a $2 million aggregate limit. As your small business grows, you may need to expand your policy limits. Higher limits cost more and provide better coverage.
What Equipment You Need
The equipment youll need depends on the services youll provide and who your customers will be. If youre designing landscape ideas and plans, youll need less equipment than someone physically working with lawns and landscaping.
Some of the equipment you may need includes:
- Pick-up truck and trailer
- Commercial mowers riding and/or push
- Edgers, trimmers, leaf blowers, chainsaw
- Specialized tools
- Irrigation line supplies
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What’s Included In Lawn Maintenance Vs Lawn Care Service
While the wording may vary from company to company, lawn maintenance typically includes all the services that keep your current healthy lawn looking sharp. Think mowing, watering, weeding, and a spring or fall cleanup.
Lawn care digs a bit deeper. These packages may include services that elevate your lawn’s health or address an issue throughout the year. Fertilization, pest and weed control, and dethatching all fall into this category.
