As a landscaping contractor, your business involves multiple services such as lawn care, tree and shrub trimming, and fertilizing. All contractors are exposed to accident risks and Lawn and Landscaping Contractors are not immune to accidents that cause injuries or property damage. Lawn mowers can throw a rock that could cause serious injury and expensive shrubs could be damaged from trimming or fertilizer applications. In every case, your business needs to be protected for everyday lawn and landscaping risks using affordable insurance solutions. Fairbanks Insurance Brokers have represented multiple insurance carriers that will provide the coverage you need to put an effective hedge of protection around your business. Typical coverages recommended are General Liability, Workers’ Comp, Tool Coverage, Commercial Auto, and Surety Bonds.
Contactors General Liability will be the foundation of protection for your carpentry business. The coverage will respond if you or your employees are found liable for bodily injury or property damage. The coverage also covers defense costs for your business to respond to any lawsuits brought by a third party.
Many states will require carpentry contractors to provide workers’ compensation coverage for their workers in order to work in their state. Accidents happen at job sites that can result in an employee becoming injured and missing work. Your workers’ compensation coverage will provide financial assistance for medical and lost wage expenses.
Many states and customers may require carpentry contractors to offer a license or surety bond before you are allowed to bid on a job or begin working. Your bond is a financial guarantee to your state’s licensing department and your customer that you will complete the job according to your bid.
Typically, carpentry contractors will have multiple vehicles that require commercial auto insurance to make certain their vehicles can be repaired or replaced in the event of an accident, vandalism, or theft.
Also known as Inland Marine Insurance, this policy will provide for reimbursement for expenses to repair or replace tools and equipment. Your tools represent a major part of your livelihood, so we always encourage carpentry contractors to consider this valuable coverage.