Performing tree maintenance and tree removal as an occupation involves physical risk in addition to the normal professional risks faced by anyone in a home service industry. There’s a lot for arborists to be mindful of on each job from avoiding injury to preventing damage to your clients’ homes and nearby properties. Preparing for these potential incidents means having an insurance policy in place that protects your tree service business as well as your clients.
Since it’s such a specialized industry, you need to make sure that the policy you purchase comes from a carrier that understands all of the exposures you face during your day-to-day operations.
A Business Owner's Policy is a combination of business liability insurance and business property insurance. A BOP generally protects business owners from liabilities, property damage, perils, and business interruptions. Additional coverage can include spoilage of merchandise, data breaches, forgeries, particular crimes, vehicle coverage, and more.
Workers' compensation provides monetary and medical benefits to workers who get injured or disabled during the course of employment. Typically, if an injured employee accepts worker's compensation, they cannot sue the employer.
Commercial general liability typically provides coverage in case an injury or damage takes place on a business' property or while a business is operating. For instance, a customer could slip on the floor of your property, or an employee working at someone's home can slip and cause damage.
Tools and equipment insurance is a type of inland marin insurance that provides coverage if essential and expensive tools get destroyed or stolen. You can add this as a supplement to your insurance policy to typically cover heavy and rare equipment that can be difficult to replace and find.
E&O is a kind of professional liability insurance that can protect employees and companies from claims against negligent work and mistakes made in professional advice or services given. See Professional Liability
Your coverage rates will vary based on the type of plan you need, which is influenced by the size of your tree service business, the types of chemicals and equipment you use, the areas in which you operate, and more. It’s important to discuss all of those details with a qualified carrier because you may need any or all of the following types of coverage:
Don’t get caught out on a limb. Complete our quote request form today, and we’ll match you with a carrier that specializes in insurance for arborists to talk you through your options and find you a competitive rate.
Something many businesses don't know is that commercial insurance carriers have preferences for which types of businesses they insure.
The problem for most business owners is that they don't know which carrier is the best fit for their business, leading to high premiums or declined applications for coverage .
The 321 LaunchPad is connected to the largest network of commercial insurers available anywhere. We match your business with a qualified insurer so you get the right coverage for a fair price.