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Lawn Care Insurance Cost For Everyone
Lawn care business is one of the businesses coming in demand nowadays. As the demand for this service is increasing day by day, so are the companies emerging into this field. As such, if you are into the lawn care business or plan on starting one, then it is absolutely important that you choose at least a very basic business insurance coverage that will help you rise above your mistakes, any accidental damage that happens to the property, any lawsuits that might come your way and worker’s compensation insurance if there are chances that you would be employing more people than simply yourself.
The cost of the landscaping liability insurance would depend on various factors. The prices can vary on the basis of the kind of specialization that you possess (Heavy tree work and pesticide specialists pay for a greater amount of insurance), how experienced you are (businesses that have had a long run usually pay less than startups), how much you’re capable of earning (the higher you make, greater the insurance costs) and if your work extends to winters (taking up commercial plowing jobs in winters can help you pay more for coverage).
Most of the lawn care professionals who apply for coverage are usually single-person businesses and mostly choose the general liability insurance which is capable of protecting you against lawsuits that would come from your customers due to the something that would have happened either in company property or as a result of using one of the services or products provided by you. The general liability insurance policies which are usually preferred would be the one with $1 million/ $2 million coverage limits. This means that the policy would be paying you about $1 million in benefits for anyone incident and up to $2 million for all incidents within the duration of the policy. You can also insure your lawn equipment like deck mowers, hand mowers, weed trimmers and hedge trimmers for less than $3 per $1,000 of value. The cost can also depend on the value of the instrument.
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