As a tree service provider, you have a dangerous job that requires specialized skills and equipment. While you may be experienced and cautious, accidents can still happen. Get an insurance quote now for tree trimming, call AmeriAgency at 888-851-5572. When they do, having the proper insurance coverage can mean the difference between a minor setback and financial ruin. In this guide, we’ll explore the various types of insurance policies available for tree service providers and what they cover.
General Liability Insurance
General liability insurance is a basic policy that most businesses carry, including tree service providers. This policy covers damages and injuries caused by you or your employees to third parties, such as clients or property owners. For example, if you accidentally drop a tree limb on a client’s car, your general liability insurance would cover the cost of repairs. This policy also covers bodily injury, such as if a client slips and falls on your equipment while it is being used. Click here for arborist information.
Commercial Auto Insurance
If you use vehicles in your tree service business, you will need commercial auto insurance. This policy provides coverage for accidents that occur while using your company’s vehicles, whether they are owned or leased. It covers both liability and physical damage to the vehicle, as well as any equipment that may be attached to it. For example, if one of your trucks is involved in an accident and the wood chipper attached to it is damaged, commercial auto insurance would cover the cost of repairs.
Workers’ Compensation Insurance for Tree Service
Workers’ compensation insurance is required in most states for businesses that have employees. This policy provides coverage for medical expenses, lost wages, and rehabilitation costs for employees who are injured on the job. This includes injuries sustained while using equipment, such as chainsaws or wood chippers. Workers’ compensation insurance also provides death benefits to the families of employees who are killed on the job.
Professional Liability Insurance
Professional liability insurance, also known as errors and omissions insurance, provides coverage for claims of negligence or professional mistakes. This policy covers damages caused by errors or omissions in your work, such as if you remove a tree that was not supposed to be cut down. Professional liability insurance also covers legal fees and settlements if a client sues you for damages.
Equipment Insurance for Tree Service
Tree service providers rely on specialized equipment, such as chainsaws, wood chippers, and cranes. Equipment insurance provides coverage for these items if they are damaged, stolen, or lost. This policy can also cover the cost of renting replacement equipment while yours is being repaired or replaced.
Umbrella Insurance for Tree Service
Umbrella insurance provides additional liability coverage beyond the limits of your other policies. It can be helpful in the event of a catastrophic accident that results in large damages or multiple claims. Umbrella insurance is typically purchased in increments of $1 million and can provide coverage for both general and professional liability claims.
As a tree service provider, you face unique risks that require specialized insurance coverage. By carrying the right policies, you can protect your business from financial losses and lawsuits. General liability, commercial auto, workers’ compensation, professional liability, equipment insurance, and umbrella insurance are all important policies to consider when creating an insurance plan for your tree service business. Work with a knowledgeable insurance agent to ensure that you have the right coverage for your specific needs.