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XINSURANCE Can Help With Landscaping Business Insurance
A landscaping business has unique liability coverage needs. A standard one-size-fits-all insurance policy will not be enough. Getting in touch with XINSURANCE can help landscaping businesses face this issue by acquiring landscaping business insurance.
You’d be well advised to seek landscaping business insurance for your landscaping business, with a policy designed for your business’s unique needs.
Issues Necessitating Landscaping Business Insurance
Despite more advanced tools than ever for landscaping, the basic business has not changed in centuries. There are still people cutting trees, trimming bushes, mowing lawns, and digging. Despite being a blessing for reducing the workload, however, the risk has increased.
Negligence with a chain saw can be much more harmful than with a handsaw. Likewise, using a mower powered by a gasoline engine has more risk than a manual mower.
Regulations at all levels of government, from local to federal, are a big issue for a landscaping business. You must be sure you are in compliance. And a landscaping business must be able to show that it trains its employees properly, with appropriate safety considerations and safety equipment
Legal Considerations for Liability
The landscaping business has many potential legal pitfalls for the business owner. Some of the problems are most commonly felt by relatively new landscaping businesses, but there are plenty of problems that can also beset the most experienced. Landscaping business insurance can help ensure the continued operation of the business, despite legal complications.
A common problem that can occur for any landscaping business owner is incorrectly estimating the scale of a project. When a job takes too long, costs can rise much over the estimate and the deadline may be long past before completion of the job. Sometimes customers are unhappy enough to bring a lawsuit.
Completing the work on schedule is not a sure proof way to avoid a lawsuit, however. In some cases, workmanship turns out to be ineffective or inappropriate over time. This can cause problems later, especially if the landscaping affects the functionality of the home on the property. For instance, if large-scale digging was done for drainage, time may point out flaws and a flooded home basement could result.
Improper, inadequate, or non-existent employee training can also be a problem for a business owner. Employees who damage clients’ property because they are poorly trained are likely to cause trouble for the employer sooner or later. Negligence lawsuits can result but insurance can help you with the costs of defending your business.
Unforeseen or unexpected problems such as these can be minimized, but there is always the potential for mistakes or simple bad luck. When this happens, having landscaping business insurance in place can provide peace of mind and effective solutions.
It’s also worth remembering that being challenged legally does not mean that you or your business did anything wrong. Whether or not your business was negligent, landscaping business insurance can help you face challenges that might otherwise cost you loss of business, time, and sleep.
What To Look For in Insurance Coverage
Like all businesses, landscaping businesses need basic insurance coverage. Usually, that means insurance on property, buildings owned and their contents, and limited general liability. Business interruption insurance is wise as part of the coverage too. This covers the basics. Additional but necessary coverage includes:
- Professional liability insurance: also known as errors and omissions, this helps pay some costs associated with being sued. Usually, coverage is for suits brought for negligence or inadequate service. It includes being sued by those who bring a suit and allege negligence, even if you performed the service according to industry guidelines.
- Umbrella coverage provides liability coverage after your general liability limits are reached. Even if your general liability limits are fairly high, it’s a good idea to have additional coverage, especially as your business grows.
- Equipment insurance: this covers the essential tools and equipment you must have to run your business. It includes everything from hand tools to bulldozers. This is vital for a rapidly growing business, with robust equipment needs.
- Business auto insurance is needed for company vehicles going to and from job sites. It is required and covers businesses even when the vehicles are on site. You’ll also want the coverage for your personal vehicle if you use it for your business.
How to Reach Out to XINSURANCE
We look forward to learning more about your needs. You can find out more about us via the XINSURANCE website. We’re also on social media, with profiles on Facebook, Twitter, YouTube, LinkedIn, and Instagram.
Authored by Rick J. Lindsey, President, Chairman, and CEO of XINSURANCE
Rick J. Lindsey hails from Salt Lake City, Utah. He began working in the mailroom of his father’s Salt Lake City insurance firm, getting his introduction to the business that became his lifelong career. Rick J. Lindsey quickly rose through the ranks while working in nearly every imaginable insurance industry job. As an entrepreneur, specialty lines underwriter, claims specialist, risk manager, and a licensed surplus lines broker, Rick J. Lindsey is highly skilled in all levels of leadership and execution. As he progressed on his career path, Rick J. Lindsey discovered an urgent need for insurers willing to write policies for high-risk individuals and businesses. He was frequently frustrated that he could not provide the liability protection these entities desperately needed to safeguard their assets. He also formed the belief that insurance companies acted too quickly to settle frivolous claims. Rick J. Lindsey decided to try a different approach. He started an insurance company and became the newly formed entity’s CEO. This opportunity has enabled Rick J. Lindsey to fill a void in the market and provide a valuable service to businesses, individuals, and insurance agents who write high-risk business. XINSURANCE also specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure. If you’ve been denied, non-renewed, or canceled coverage, don’t give up quite yet. Chances are XINSURANCE can help.