Working on other people's property can be extremely risky when you do not have liability insurance coverage. In addition to working with peace of mind when you know you are covered, you can also enjoy other benefits by having the right amount of insurance for your new landscaping business. Check out some of the parts of insurance you can benefit from for your business.
General Liability Coverage Matters And Can Be Tailored For Your Coverage Needs
General liability coverage can provide you the coverage you need to protect yourself and your business from lawsuits. You can take out a general liability policy even if you do not have a building, a fleet of commercial vehicles, or several employees. You can have the coverage you need for visiting people's homes and businesses to do landscaping work. In the event someone that is not your employee gets hurt around where you are working, you could end up being threatened by a lawsuit. For example, if you are planting tree saplings and a homeowner's kid falls into the hole, breaking an ankle, your general liability insurance will cover the kid's medical bills.
This Insurance Shows That You Value Protecting Your Employees
If you have people working for you in your landscaping business, making sure you have workers compensation insurance is vital. If one of your employees falls from a tree or gets injured in another way during a landscaping project, your worker's compensation will take care of the medical expenses incurred by that injured employee. Most areas have laws requiring businesses to maintain a current workers compensation insurance policy.
This Insurance Coverage Can Increase Your Customer Base
When you are able to tell your customers you have insurance, you can benefit because it presents you as a landscape professional with more experience. Many homeowners and business owners avoid hiring any kind of contractors that cannot show them proof of up-to-date liability insurance coverage. Investing in complete insurance coverage for your landscaping business is one you can count for improving your business.
Starting out in a new landscaping business can present many challenges like finding regular customers and workers you can depend on. By making sure you have up-to-date insurance coverage, you do not have to add being sued or being responsible for a lot of medical expenses to your list of challenges. Before you start working on someone's property, be sure to take the time to find the insurance policy best for your business needs.