If you’re looking for a business that combines your love of the outdoors with your eye for aesthetics, starting a landscaping company could be right up your alley. In Florida and throughout the U.S., landscaping businesses have never been more popular, more in demand or more successful; in fact, according to a recent report from business research firm IBISWorld, the landscape industry is expected to experience average annual growth of about 3.7 percent during the next decade. Just as encouraging: A report from Landscape Management found about 80 percent of landscape contractors described the marketplace as very healthy, a jump from 56 percent just two years earlier. That means whether you’re planning on starting a business or planning on expanding an existing landscaping company, the outlook for success is good.
Of course, like any small business, landscaping companies need to consider their future growth and security, and part of that planning includes understanding how to manage your risks. Fortunately, today there are plenty of insurance products and tools available to help businesses evaluate their risks and obtain coverage that’s customized for their needs. In landscaping, you have several options to help keep you and your business safe and secure; here are three of the most important:
- General liability: General liability insurance is designed to provide broad coverage for an array of issues, including bodily injury, personal injury and property damage arising from your business operations and activities.
- Commercial auto: This type of coverage protects you against damages and liability claims that involve your work vehicles, including trucks and other vehicles operated by your workers.
- Workers’ compensation: Most businesses are required to provide workers’ comp insurance to cover medical costs and loss of wages for workers injured on the job.
Often, multiple types of coverage can be combined under one business owner’s policy, or BOP. And just like your homeowners and personal auto insurance, choosing the right type and level of coverage is essential to your security. Working with an experienced agent can help ensure you evaluate and understand your risks and your obligations so you can get the best coverage for your needs.
We can help you manage your risks.
At Atlantic Pacific Insurance, we help small businesses including lawn and landscaping companies evaluate their risks and select the coverage types and amounts that can enable them to operate confidently, securely and profitably. And because we work with many carriers across the country, we can find you the best deals to fit your business budget. If you’re considering starting a lawn and landscaping company or if you have a company but you’re not sure you have the right type of coverage, we can help. Give us a call today at 800-538-0487 or use our contact form to drop us a line and we’ll contact you.
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