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Tree Trimmer Insurance
As the owner of a tree trimmer business, you have a lot of responsibilities. You may have some very busy seasons, such as when there are many storms. You may have slow periods as well. Despite that you must continuously work to secure new jobs to keep your company profitable and your employees paid. The last thing you need is to worry about losing assets or having financial problems because of accidents. Protect your company with business insurance for tree trimmers.
General Liability Insurance FOr Tree Trimmers
The most basic type of business insurance that you should carry for tree trimmers is general liability coverage. This insurance gives you a solid, broad, rounded level of base protection when accidents happen. It also protects you from common daily business hazards and events that you may not have ever expected. Your general liability policy specifies the types of events that it specifically will not cover, which means that it protects you from most of the rest. That also means that new services, products or company locations that you add are covered by this policy automatically. Here are a few of the primary ways it protects your company both legally and financially:
General Liability Insurance Includes:
- Premises Liability - Regardless of how careful you or your employees try to be, accidents can and will happen. When an accident happens that involves a customer, they may sue your company for the injuries or damages. Premises liability takes care of physical injuries as well as property damages so that your company is not faced with the direct and immediate financial stress caused by those events.
- Products Liability - Products liability deals directly with the products that your tree trimming company sells. If, for example, you maintain retail space and sell branch trimmers, pruners and related products, then you can be held legally liable if problems arise. If, for example, a product has a defect in its design it can cause a customer physical harm. Products liability can pay for your legal protection as well as paying for the customer’s injuries or damages.
- Completed Operations - After your company has finished a tree trimming project for a customer, problems and legal claims can still arise. If a customer feels that the services you provided for them caused damages, they may file a lawsuit. General liability insurance includes completed operations coverage to help pay for your litigation costs, lost wages if you must take time off work for defense, and payments to customers for settlements if needed.
Business Owners Policy (BOP)
Many small businesses prefer to acquire their general liability insurance as part of a business owners policy, or BOP. A BOP is ideal for a tree trimming company such as yours because it can be tailored to provide you with only the coverage you actually need. BOP coverage focuses on helping to prevent your company from suffering losses of either tangible or intangible assets, such as your tree chipper or your company’s digital customer database. BOP coverage can include:
- Buildings and Contents
- Business Income and Extra Expense
- Electronic Data
- Newly Acquired or Constructed Buildings
- Employee Dishonesty Coverage
Business Auto Insurance
You and the employees of your tree trimming company travel as part of the services your company provides. With multiple vehicles and people driving on company business each day, your company is at an increased risk of someone having an auto accident. Business auto insurance helps you to offset the direct financial impacts that are often caused by accidents and vehicle related losses. Your auto policy can protect your company from theft and vandalism of its vehicles for example, as well as hit and run accidents, underinsured motorists and much more.
Workers Comp Insurance
The tree trimming employees that your company has on the payroll must be protected with workers comp insurance. This is a mandatory requirement in most states. Workers comp is for the benefit of your employees and your company simultaneously. If someone is injured in an on the job accident, your company will not likely suffer lawsuits because of the incident. Your injured worker will not suffer financial hardship, because workers comp will pay for their medical needs and care.
Commercial umbrella insurance is extra coverage and protection. When an accident or unexpected event causes extreme damages, your business insurance policies may not be enough to cover all of the expenses that arise. An umbrella policy provides you with additional benefit levels if those policies are exhausted.