What Does Landscaping Insurance Cover?
General Liability Insurance is also known as Commercial General Liability Insurance. It is one of the most common insurance types and usually the first policy that business owners buy. It provides assistance in accidents such as customer injury or property damages.
General Liability Insurance covers the following:
- Bodily Injuries: It covers medical fees when a customer trips over your tools and gets hurt.
- Property Damage: It pays for repairs and replacements if you or one of your employees causes damages to third-parties.
- Reputational Harm: It helps defend your business when someone sues you for something you may have said that affected their reputation.
- Advertising Injury: It gives assistance when you face lawsuits due to copyright infringement.
Workers’ Compensation Insurance is also known as Workman’s Comp. It provides financial assistance when employees get sick or hurt from work-related activities. Most states require employees to bring their Workmans’ Comp Insurance. However, the requirements depend on the type of business you do.
Workman’s Comp compensates for the following:
- Loss of income if unable to go to work
- Medical Fees
- Death Benefits
- Ongoing Care Costs
Commercial Auto insurance is also called Business Auto Insurance. It helps pay for repairs or replacements of the damages on the business vehicle. When you or your employee is on the road for business, you are at risk for accidents that may happen.
Commercial Auto Insurance helps you pay for the following:
- Medical fees and lost wages due to injuries
- Repairs and replacements because of damages
- Loading and unloading liabilities for small businesses who ship items from one location to another
Inland Marine Insurance or Tools and Equipment Insurance safeguards the items of your business when in transit. Landscapers usually transfer tools such as sheers, mowers, and other equipment. Inland Marine would cover for the repairs or replacements of damaged and lost tools due to theft while they’re in transit.
Inland Marine Insurance protects the following:
- Tools and equipment in transit
- Lead-tracking data
- Electronic assets
Commercial Umbrella Insurance provides extra coverage for your landscaping insurance policy limits. For example, imagine that you had an accident while you’re in your company car. If the injuries exceed your business auto coverage limits, a commercial umbrella can help pay for the amount that exceeds your coverage limits.
Commercial Umbrella Insurance can help expand the following coverage limits:
- Medical Expenses
- Property Damages
- Lawsuit Expenses