Periodically, companies should take a close look at their existing business insurance. Checking your policy helps ensure it still represents your company's needs.
As a landscaper, things may not be the same as it was when you first selected your business policy. That means your business could face exposure to a wide range of threats. With the help of your business insurance agent, find a plan that’s better fitting to your specific needs.
Do You Have New Equipment to Insure?
A good place to start with business insurance updates is with your existing equipment.
Since this tends to be the largest asset base for most landscapers, make sure materials have the right amount of coverage. If you purchased anything new, or you no longer have some items, update your insurance policy to reflect changed. Make sure the coverage limit for any equipment is high enough now that you have a larger number of items to insure.
Are You Onboarding New Employees?
Perhaps you are growing and that means new employees working for you. Your business insurance may need an update here, too. Workers’ compensation risk increases as your employee numbers rise. If you have not done so, update your existing policy to reflect this need.
Other Areas to Consider
If your business insurance is not up to date, it could cost you in other areas. Consider these additional updates you may need:
- Does your commercial auto insurance reflect your current vehicles and their worth?
- Do you need to consider a higher liability plan for larger projects or higher risk projects?
- Is it time to expand further? That may mean investing in E&O insurance to cover your business owners.
Work with your business insurance provider to make sure you have the best level of coverage. You may be able to apply discounts or bundle your coverage so that you pay less in premium costs without reducing the amount of protection you have. Your business insurance agent can help you. Do this now, before your company gets too busy to have the time.
We are here for you! Buschbach Insurance can issue you a business policy to meet your needs. Call us at (708) 423-2350 for a quote right now!