Four Reasons to Invest in Landscaping Contractor Insurance When You Own a Landscaping Business
When you own a landscaping business, there are many different factors that you need to take into consideration. One that is essential is landscaping contractor insurance. Many landscapers do not realize that they even need insurance. The guide below walks you through a few reasons landscaping insurance is a great thing to consider investing in when you own a landscaping business.
Insure Your Tools and Equipment
When you have landscaping insurance, it is important to list all of the tools and equipment you use for your business. There are many times when people will steal leaf blowers, trimmers, and even mowers from landscapers. When this happens, your business will suffer because you will need to replace those items right away. If you have landscaping insurance, you can make a claim with the insurance company and get the money you need to replace them quickly and easily.
Protect Yourself from Possible Lawsuits
Owning a landscaping company leaves you responsible for any damages that are done during the landscaping process. If damage is done to a home, car, or property while you are landscaping it, you will be responsible for paying to have the repairs made. Having insurance allows the homeowner to make a claim with your insurance company so that you only have to pay a portion of the repairs out of pocket. Depending upon the cost of the repairs, insurance could save you quite a bit of money in the long run.
Insure Your Supplies and Materials
When you work as a landscaper, there are certain materials that are necessary to do your job. Seed, straw, and mulch are often supplies that are used on a daily basis. To save on costs of the supplies that you use regularly, you may choose to buy them in bulk. If something happens to the supplies, you can make a claim with the insurance company to have the items replaced so that you have what you need when you need it.
Be Prepared in Case Anyone Gets Hurt
If you have people working for you and someone gets hurt while they are on the job due to faulty equipment, you may be responsible for their medical bills. The person will be able to make a claim with your insurance company to get their bills paid rather than you having to pay them out of pocket.
Landscaping is a business that requires a huge financial investment, including supplies, equipment, and travel. Protecting your business from a loss with landscaping insurance is the best to way to ensure you are ready for anything that could happen in the future. Talk to an agent like those at Olympic Northwest Insurance for more information.
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