Lawn care businesses no matter how large or how small need to be covered by a commercial insurance policy. A basic business insurance policy will protect you against any mistakes or accidental property damage caused by you or an employee to a client’s property. If you employee anyone other than just yourself, then worker’s compensation insurance is a requirement. Employers’ liability insurance will protect you from employees who could potentially sue the company over pay discrepancies or work-related accidents. This type of coverage also includes damages if an employee is injured while operating company machinery or other vehicles, and if they damage someone else’s property with that equipment or vehicle.
If you are the sole proprietor of the lawn care business and do not carry the proper insurance, then you could be held personally responsible for loss or damages. This could result in losing your business and even personal property like your home.
General liability insurance will help protect you in the event a customer files a lawsuit due to an incident on company property or while you were performing a service on their property.
Bye Financial Group, LLC in Grand Ledge, MI can help lawn care business owners assess the needs of their individual company. A knowledgeable insurance agent will discuss the types of insurance and the coverage each one provides. Beyond the basic liability coverage every lawn care business needs, there are also policies to protect against the following:
Loss of inventory
Identity theft protection
Insurance for company vehicles
Stay on top of your lawn care business insurance by discussing the policy every year with Bye Financial Group, LLC in Grand Ledge, MI. This will ensure that you are covered in the event of an accident or lawsuit. Your agent can work with you to fine-tune the details of the policy and answer your questions.