Lawn Care Business Insurance Basics
Sunday, August 3rd, 2008Michael Gregory asked:
In this sue-happy, competitive world, businesses have to learn to manage risk in order to survive and thrive. Making sure you have adequate protection for your lawn care business is a must to protect your personal and business assets. While it is often a time-consuming and frustrating experience every successful business owner will go through it.
Lawn Care Business Insurance
Like any other business entity, lawn care businesses do need adequate insurance cover to protect their assets. In order to provide the specific needs, many insurance companies have created specialty insurance for the lawn care industry. While you can often get commercial insurance through your home and auto agent, it often pays to shop the specialty insurers as they are better able to understand the risks present to your industry and can price the policy accordingly. When obtaining business insurance and the agent/company do not understand your business or industry then you will get a higher rate so they are protected from the unknown.
Types of Coverage for the Lawn Care Business
Lawn care businesses have different kinds of insurance protection that may suit their different needs. Choose the one or go for all of them to prolong the life of your lawn care business insurance business.
A few different types of insurance you may want to consider for your lawn care business.
Business liability
Property damage (vandalism, water backup, etc)
Business interruption (Protects you from adverse day to day occurrences)
Inventory loss
Theft
Forgery through credit card transactions
Mechanical breakdown
Coverage for computer equipment media, data programs and communications equipment
Key employee
Vehicle
Professional liability
While it is a time-consuming process, researching the different types of lawn care business insurance and what is included/excluded in your policy is critical to the operation of your business should something bad happen. Talk with your agent, attorney and other business owners to make sure you are getting the proper insurance for your business.
For more information about starting a lawn care business visit www.StartingLawnCareBusiness.com
Scott
In this sue-happy, competitive world, businesses have to learn to manage risk in order to survive and thrive. Making sure you have adequate protection for your lawn care business is a must to protect your personal and business assets. While it is often a time-consuming and frustrating experience every successful business owner will go through it.
Lawn Care Business Insurance
Like any other business entity, lawn care businesses do need adequate insurance cover to protect their assets. In order to provide the specific needs, many insurance companies have created specialty insurance for the lawn care industry. While you can often get commercial insurance through your home and auto agent, it often pays to shop the specialty insurers as they are better able to understand the risks present to your industry and can price the policy accordingly. When obtaining business insurance and the agent/company do not understand your business or industry then you will get a higher rate so they are protected from the unknown.
Types of Coverage for the Lawn Care Business
Lawn care businesses have different kinds of insurance protection that may suit their different needs. Choose the one or go for all of them to prolong the life of your lawn care business insurance business.
A few different types of insurance you may want to consider for your lawn care business.
Business liability
Property damage (vandalism, water backup, etc)
Business interruption (Protects you from adverse day to day occurrences)
Inventory loss
Theft
Forgery through credit card transactions
Mechanical breakdown
Coverage for computer equipment media, data programs and communications equipment
Key employee
Vehicle
Professional liability
While it is a time-consuming process, researching the different types of lawn care business insurance and what is included/excluded in your policy is critical to the operation of your business should something bad happen. Talk with your agent, attorney and other business owners to make sure you are getting the proper insurance for your business.
For more information about starting a lawn care business visit www.StartingLawnCareBusiness.com
Scott
