Working on a variety of projects as a landscape expert can include installing irrigation systems, redesigning backyards, and even cutting the lawn. During these projects, expensive problems may arise.
Also referred to as lawn care business insurance, landscaper insurance is crucial for shielding your company from potentially costly risks and liabilities. We’ll go over the perks and costs of landscaping insurance in this guide.
What is Landscaping Insurance?
Landscaping insurance is a small business insurance designed to address the unique risks associated with the landscaping sector. It offers a range of coverage options to safeguard your landscaping company financially from mishaps, lost revenue, lawsuits, theft, and damage to or loss of valuable equipment or supplies.
Who needs Landscaper Insurance?
In the landscaping industry, having the right insurance is essential to protecting your company from monetary damages resulting from accidents at work and other unforeseen circumstances.
The following are a few instances of landscape company owners who would profit from landscaping insurance.
- General landscapers
- Hardscape architects and landscapers
- Landscape architects and contractors
- Landscape designers
- Landscape pesticide and herbicide applicators
- Lawn care companies
- Lawn irrigation contractor
- Tree trimmers
What does Landscaping Insurance cover?
A trustworthy business insurance policy for lawn care will provide a variety of coverage to shield your landscaping company from unforeseen expenses. These could include filing fees and paying court costs, as well as replacing any broken tools or equipment. The secret to choosing the best insurance plan is to pick the kinds of coverage that are appropriate for your landscaping business’s particular requirements.
A business owner’s policy (BOP), which combines three essential coverage types into a comprehensive business insurance plan, is an excellent place to start. A BOP generally consists of:
#1. General liability insurance
This insurance, which is essential for landscapers, guards your company against monetary damages in the event that third parties are hurt on your property or have their property damaged as a result of your operations. General liability insurance takes care of the repair costs if something goes wrong during a landscaping project and damages your client’s property, relieving you of the worry.
#2. Commercial property insurance
If your landscaping business’s tools, machinery, and equipment are harmed by issues like fire, theft, vandalism, or specific natural disasters that fall under your policy’s coverage, commercial property insurance will make up the difference.
#3. Business interruption insurance
Business interruption insurance pays for lost revenue and ongoing costs in the event that a covered disaster or other unanticipated event momentarily halts your landscaping business’s operations.
What’s Not Covered by Landscaper Insurance?
There are usually exclusions attached to landscaper insurance, which means that certain problems won’t be covered.
- Warfare or armed conflicts
- Communicable diseases
- Intentional and dishonest behavior
- Earthquakes. You will need a commercial earthquake insurance policy.
- Flood. You will need an independent flood insurance policy.
- Eminent domain is the government’s method of seizing property.
- pollution by radioactivity
- Unlawful dismissal. Unless employment practices liability insurance is in your BOP, you are not covered against these claims.
Examples of Landscaper Insurance Claims
|Landscaper insurance claim||Coverage type|
|Your mower launches a pebble that shatters your client’s window.||General liability insurance|
|Your brand-new lawnmower sustains structural damage when a tree branch crashes on it.||Commercial property insurance|
|Your worker gets a back injury after lifting heavy objects.||Workers compensation insurance|
|Your employee drives the business truck and smashes through a fence.||Commercial auto insurance|
|Your warehouse’s roof is torn off by a windstorm, which ends your revenue stream.||Business interruption insurance|
How much does Landscaping Insurance cost?
The primary determinant of landscaper insurance costs is the kind of coverage your company needs. The amount and kind of insurance coverage you select will mostly influence your premiums; however, there are other criteria like geography that come into play as well.
In addition to covering personal and advertising injuries, general liability insurance also covers property damage and bodily injury to third parties. However, what would happen if your own tools and equipment were lost, stolen, or damaged? You want Business Equipment Protection, an extra kind of coverage since tools and equipment are first-party property.
The equipment that you bring from one job to another is covered by business equipment protection. Our data indicates that the median monthly expense is:
- $6 a month with a $1,000 coverage limit and
- $15 a month with a $2,500 coverage limit
Taking into account the hazards associated with becoming a landscaper, the money was definitely well spent.
Cheap Landscaping Insurance
Landscaping insurance is available from Simply Business for as little as $19.58 per month.
There are more challenges facing landscapers than just bad weather and sluggish seasons. You need an insurance policy that covers you for everything from unsatisfied customers to mishaps involving lawn care equipment and machines.
Furthermore, landscape insurance packages from Simply Business shield you against unforeseen hazards while you establish and manage your company. It’s also simple to get the coverage you’re entitled to. Simply respond to a few questions, evaluate free quotations from insurers who understand landscapers, and select the rate that best suits your company.
How much does Landscaping Insurance cost in California?
According to Insureon, a policy with $1 million in general liability coverage costs, on average, $45 per month, or roughly $530 annually, for landscaper insurance; however, your specific expenses will vary based on your needs and circumstances.
What are the pros of owning a landscaping business?
#1. An Unending Supply of Profitable Enterprises
Starting a business with lawn care has tremendous potential for success, which is one of its best aspects. We are surrounded by lawns of all sizes. There are always weeds to pluck and grass to mow when the weather is nice! In addition to this never-ending supply of labor, you also get additional benefits like working outside and enhancing the neighborhood as a whole by providing lawn care services.
#2. Beginning a landscape business can be easy.
Due to the cheap startup costs, a lot of significant lawn care companies began as simple lawn mowing services. To start, you would need a car to deliver the equipment to a client’s house or place of business, a dependable, high-quality mower, and a few related instruments (rakes, clippers, etc.).
Therefore, to make your entrepreneurial endeavors more professional, find out what is required to obtain a business license and a tax EID (employment identification number) in your county or state. Note that the best part is that you might not need to hire any employees at first.
Not only may you choose your clients in this industry, but you can also choose where you work. Running a lawn care business is not like being a homesteader by the seaside or a fisherman. You may grow trees in Miami or mow lawns in Texas. Both your place of employment and residence are up to you.
#4. Demand a Price You’re Worth
When you own your own landscaping company, there is no minimum pay. Based on your value, you can choose a price. You may establish a pricing point that is suitable for you by factoring in the expenses you already incur for personnel, supplies, and company management software. Additionally, you are able to create your own discounts, coupons, and promotions.
#5. You get a tailored customer list.
Selecting your own customers is one of the joys of owning a lawn care company. This implies:
- Less travel and more convenient locations
- Amiable customers who are good to you
- Putting in decent hours and living in nice areas
- Greater-paying customers
Making your own timetable according to the clients you accept is another way to customize your client list. If your ideal clientele is 9 to 5, you can select them according to these timetables.
What are the cons of owning a landscaping business?
#1. You are now accountable.
Having your own landscaping means you are held accountable for the deeds of not just yourself but also your staff, merchandise, and tools. Getting all of your insurance in order is a must before beginning work. This covers having a business license and hiring bondable personnel.
#2. You are alone until you grow.
You might have to handle all of the grunt labor yourself until you have the drive to expand your team. That translates to long hours, meager pay, and a ton of extra work that no one is able to assign.
#3. It is stressful.
Landscaping involves more than just doing the occasional weekend grass cut. Actually, there are a lot of factors to take into account when managing a full-time lawn care company, including staff management, invoicing, marketing, and sales. Overextending oneself is a real risk, particularly during the first year.
#4. It may be a seasonal business.
Your labor and income will probably stop in late October or early November if you don’t live in a place where lawn care services are required year-round. It is feasible to offer extra services like snow removal, holiday lighting, or firewood delivery if you reside in a place where the winters are harsh and the lawns are dormant. This will help keep your schedule busy during those slower months. You will need to find another means to make up for the revenue you will lose if you decide not to provide these services.
How does professional liability insurance work?
Personal liability insurance covers losses or harm to third parties occurring on your own property. If you provide professional services for a living, you may be subject to claims for professional negligence, errors, omissions, or other problems. In such a case, professional liability insurance will protect you.
How much is lawn care insurance in Texas?
In Texas, the average monthly premium for general liability insurance is between $41 and $50.
What is most profitable for the landscaping business?
Hydroseeding has a more appealing green appearance than lawns that have been mulched with straw and dry-seeded. With hydroseeding, you can precisely customize the right seeds for your customers. You can target a certain market using this service. You can also collaborate with other landscaping companies.
#2. Interior Landscaping
To put it simply, interior landscaping is landscaping done for interior design. Interior landscaping is more in demand for business uses than for residential ones.
#3. Landscape Architecture Service
Planning for landscape design is necessary before beginning any landscaping in large areas such as parks, playgrounds, recreation centers, pedestrian pathways, fields, open spaces, and places for people to live, play, and work. The goal is to improve the project’s aesthetic appeal by establishing both technical and artistic design guidelines.
#4. Lawn Care
Services for maintaining lawns are in high demand. You need to get the appropriate tools and equipment. Create a thorough company strategy that covers the marketing and financial components. For the first part of your lawn care adventure, there are a few key types of equipment that you will need. Additionally, purchasing lawn company software to manage accounts and invoices would be a smart move on the business front.
#5. Weeding and Pest Control Service
In order to maintain a healthy lawn, weed management, and pest control services offer weed control, disease prevention for the lawn, pest control, and preservation of lawn maintenance. Establishing this firm requires solid technical knowledge.
Is landscaping a high-risk industry?
Landscape is one of the highest-hazard industries in the service sector, as it includes the installation and maintenance of lawns, shrubs, plants, and trees.
Is landscaping covered by OSHA?
Hazards related to landscaping are covered by OSHA (Occupational Safety and Health Administration) rules for general industry.
Is landscaping a good investment?
Landscaping can, on average, add 15–25% to the value of a home when it is sold. It is advised that the amount you spend on landscaping and exterior upgrades should not exceed 10% to 20% of the present value of your house.
What are the negative effects of landscaping?
Pesticides used in landscaping can upset food chains by depriving predatory consumers of food and killing a variety of invertebrates, including helpful ones like pollinators and predators.
How much profit should you make on a landscaping job?
In the landscaping industry, the average net profit margin per work is between 5% and 20%. In the end, you make less money the more expenses you incur. Therefore, it’s critical to understand your costs, their per-job cost, and the factors that affect your net profit margin.
What landscaping adds the most value?
#1. A well-maintained lawn
According to a recent study, a $268 lawn care service adds over $1,200 in value, or a 352% return on investment. You are therefore leaving money on the table if you neglect to mow the lawn before listing. According to the same study, the most important curb appeal project to do before selling is basic yard maintenance, according to nearly 91% of real estate professionals.
#2. Shrubs and trees
Trees that are mature add value to properties. According to the University of Washington, a neighborhood’s property prices are raised by 3% to 15% only by having towering trees there. However, planting large trees is an expensive task. Therefore, opt for a 15-gallon pot if you want a tree that is quite large but still fits in the back of a truck. It will support a tree that is roughly eight feet tall and costs between $50 and $150, depending on the type.
#3. A tidy garden
Take out the annual weeds. A well-kept lawn conveys to potential buyers that they are viewing an easily maintained environment.
#4. Landscaped pathway
Try creating a walkway that will arouse curiosity; ideally, it should wind around tiny hedges or plants on both sides. To remove any accumulated grime or built-up dirt, use a pressure washer.
In recent years, lighting hardware has evolved, offering alternatives to conventional hard-wired lighting such as solar-powered and LED lighting devices. They accentuate your landscape at night, cast shadows over your trees, prevent trips and falls, and deter criminals.
Why does landscaping cost so much?
Everything is based on how big your house and lot are. Over time, people often forget how much labor it takes to manage a large property. It involves many hours of planning, preparation, and research. This is to ensure that every year everything still looks brand new. Don’t think “simple” home improvements like changing the lawn or adding plants can be completed in a day.
Before they are attractive additions to an outdoor area, all those take a long time. Knowing how much you should budget for before hiring experts is crucial. Note that from one service provider to another, the prices differ significantly.