After many years of working in the landscaping and arborist business, many people will reach a point where they have sufficient resources to leave the employer and begin their own landscaping and arborist business. When they finally make this move it is then that they become aware of all the challenges that face the independent businessman. Nothing seems to stay static, rules and regulations change and techniques used in the industry are constantly evolving. With all this happening around them, the new businessman should not have to be worrying about the landscapers insurance in Denver Colorado that he will have to carry.
All businesses need insurance that covers the assets that it owns, the buildings and the land that they sit on as well as the office furniture and fittings. It is also imperative that the business be insured against problems that arise as a result of third parties; these perils will include personal injury, fire and theft, general liability and medical. There are some businesses that have unique risks, the landscaping business being one of them. For businesses that provide lawn care, tree care and landscaping services there is also a need for Landscapers Insurance In Denver Colorado that provides special coverage for:
1. Errors in workmanship: This is needed in the event of accidental damage which demands the replacement of trees and shrubs.
2. Tools: The landscape business needs to protect its equipment such as chainsaws, cranes, stump grinders etc from theft and fire.
3. Herbicide: This rider will cover the business in the event of bodily injury which is caused by herbicide or pesticide applications.
A business must ensure the health and welfare of its employees and to do this, workers compensation is required. In most states workers comp is mandatory. This insurance is used when an employee is injured on the job, it covers all the medical expenses, rehab costs if any and lost wages that are the result of the accident.
There are certain insurances that are nice to have but not necessary, one such policy is health insurance. The annual premium for health insurance is high and a start-up business may find that it is a luxury that they cannot afford at this time.
Once you know the extent of your potential liability you can insure against it.
