Many exposures are associated with running a lawn care company. Insurance companies underwrite specialized lawn care service insurance or lawn mowing insurance that caters to such exposures. In this guide, know about the intricacies of the specialized insurance for lawn mowing business.
Lawn mowing contractor insurance or commonly known as commercial lawn care insurance is a tailored coverage for small businesses and independent professionals providing lawn care services to homeowners and commercial establishments. This isn’t insurance that functions on its own. Rather, it’s composed of many business insurance for mowing business. Also, insurance for lawn mowing contractors is alternatively known as grass cutting insurance.
So what policies are underwritten by most carriers? Common lawn mowing business insurance are:
A lot of unexpected things can happen while providing a lawn mowing service. Here are some examples:
Having liability over the injuries or property damage someone sustains due to your lawn mower is a big problem. In connection, it’s good to have lawn mowing public liability insurance to wrap things up without spending a single dime.
Public liability insurance for lawn care business provides $1 million – $2 million insurance money. You can claim this type of lawn care liability insurance the moment someone sues you for personal injuries or property damage. Here’s how public liability insurance for lawn mowing business works in practice:
Public liability insurance is a very basic coverage. This type of lawn care business liability insurance can’t be customized to cover other exposures as your lawn mowing business grows. That said, if you’re looking for something more comprehensive, get general liability insurance for lawn mowing business.
Directors and officers liability insurance lawn care business is useful if you’re running a lawn care company operating in a corporate structure. If customers, shareholders, and other third parties, sue a company’s directors or officers for offenses associated with the performance of their duties, directors and officers liability insurance will cover attorney fees, administrative costs, and other legal defense expenses.
General liability insurance for lawn mowing business also covers personal injury claims and property damage claims. However, lawn care general liability insurance is better than public liability insurance because it can be added with optional policies.
Optional policies are add-ons to specific types of mowing business insurance. They enhance the function of the policy where they’re added. Common optional policies to general liability insurance for lawn care business are:
So how much money can you get from general liability insurance for lawn business? General liability liability insurance also provides $1 million – $2 million coverage for personal injury claims or property damage claims. Optional policies can have their own limits or share the primary limits of general liability insurance.
Personal injuries and property damage aren’t the only reasons for a lawsuit to be filed against your lawn mowing business. And so, general liability or public liability isn’t the only liability insurance needed for lawn mowing business.
Clients will file a claim if the lawn service you provided was substandard or had substantial errors. Professional liability insurance for lawn mowing service provides protection in this situation. This type of lawn service liability insurance gives $1 million – $2 million insurance money you can use to pay for administrative costs, settlements, and other legal expenses if a client files a claim because you committed or allegedly committed the following:
Professional liability insurance for lawn care company is underwritten as a claims-made policy. This means that it only provides coverage if you file a report to the insurance company the moment a covered peril happened.
Note that professional liability insurance for a lawn care business is also known as errors and omissions or professional indemnity insurance. Regardless of how it’s called, its function is still the same. Another thing you need to know is that some insurance companies sell this type of lawn mowing insurance as a coverage in general liability insurance, a good example is NEXT.
Another insurance for lawn care is a surety bond. This type of lawn insurance is very important if you’re planning to provide a service to large commercial establishments or public establishments. Surety bond insurance for lawn service sees to it that the client gets reimbursement for losses should your lawn care company fail or delay the completion of a lawn mowing project.
Your lawn care business can’t operate without a commercial building. If you’re worried about the resulting expenses if something happens to it, purchase commercial property insurance for lawn care business. This type of lawn care business insurance provides coverage for the following perils:
Just like general liability insurance, commercial property insurance for grass cutting business is scalable. In other words, you can also add optional coverages to this type of business insurance for lawn care, specifically:
Note that this type of lawn care company insurance doesn’t shield you against earthquakes, floods, and mudslides. To get covered against these perils, you need to purchase specialized types of lawn service insurance such as:
Workers compensation insurance for lawn care service will cover costs if an employee sustains a work-related injury or disease. Particular costs covered by this type of small lawn care business insurance are medical expenses, rehabilitation, lost income compensation, death benefits, medication, and hospitalization. Workers compensation insurance cost for lawn care business is calculated using this formula:
Commercial auto insurance is a coverage for the commercial vehicle your lawn mowing business owns. This type of lawn business insurance covers expenses if the commercial vehicle causes an accident. Furthermore, commercial auto insurance pays for the parts repair or replacement if your lawn mowing business’s vehicle sustains damage. Last but not least, commercial auto insurance pays for the medical expenses of the driver and passengers who got injured after the commercial vehicle caused an accident or got involved in an accident. Note that commercial auto insurance can also be treated as riding lawn mower insurance since it’s required if a riding lawn mower is to be taken for a run on public roads.
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