BY Jessica Boldt IN
Even though it’s in the middle of the snow removal season, you still need to make sure you have enough insurance coverage for your snow and ice management company. How do you know if you have enough coverage? Or do you have too much?
At the very least, you should have invested in general liability insurance to protect yourself and your company in case of a lawsuit.
Please note: This article is intended for informational purposes only. If you have further questions or want to look at your insurance options, contact your insurance agent.
Type of Insurance
If you’re a landscaping company that goes white in the winter, you need extra insurance to cover the snow and ice management side of your business. The insurance for your lawn and landscape company won’t cover accidents, injuries and property damage caused by one of your snow pushers—whether it’s done by you, your employees or sub-contractors.
There are four main categories of insurance for you to consider:
Your insurance premiums and deductibles will all depend on the following factors:
Finally, there are three main ways you can get sued when you provide snow and ice removal services:
For Home-based Snow Removal Companies
If you run your snow and ice management company from your home, your homeowner’s insurance won’t be able to cover you. Instead, you may want to add a rider to your homeowner’s insurance or invest in a home-based business policy.
One final note: You should have copies of your subcontractors’ certificate of insurance. Make sure their insurance and your insurance align. If you’re new to the snow pushing industry, make sure you talk to your insurance agent about how your subcontractors’ insurance policy should mesh with yours—including appropriate documentation.