Best Small Business Insurance
Best Small Business Insurance
As you rev up your chainsaw and haul heavy branches, you’re probably familiar with the risks of running your tree service business. Whether you offer tree trimming, tree removal, tree felling, or all of the tree services imaginable, you need to have Commercial Liability Insurance.
With all of the physical labor and, well, physics involved in tree services, accidents are a huge risk for your business especially. That’s why a tree service insurance policy is so crucial.
Moreover, top clients will likely require you to come to the table with an active tree services insurance policy—and a Certificate of Insurance to prove it.
Through Thimble, you can access a robust commercial insurance policy for your tree services career within 60 seconds. Here are the details on the liability insurance for tree service businesses that Thimble arranges:
With Thimble, you can purchase policies by the hour, day, and month, so you’ll only pay for the time you’re working. Get an instant quote to better understand exactly how much it will cost.
The cost of your Tree Service Insurance policy depends on a few moving parts:
To find the right insurance policy for your tree service business, you need to decide how long your policy should be active for. If you’re purchasing a tree trimming insurance policy for a one-off job, your coverage period could span no more than a matter of hours. Alternatively, if you’re cutting down trees consistently year-round, then you should consider purchasing a longer-term tree removal business insurance.
Who Your Policy Covers
You also need to determine who your tree service insurance policy should cover. Picture the work you’ll be performing throughout your coverage period—be it an hour or a year. Who will be part of your team throughout that work? Be sure to include employees, volunteers, and anyone else who helps out. Nonetheless, the extra money you invest to insure every team member could look like pocket change compared to the amount of coverage you might access in the future.
Additional Insureds are the clients you add to your tree service insurance policy so that they can be covered when you perform contract work for them. With Thimble, add as many Additional Insureds as you’d like at no additional cost. For example, imagine that a landscaping company outsources their tree trimming work to you for a huge project. To seize the opportunity, you’re required to have a tree trimming insurance policy. Plus, you have to add the landscaping company as an Additional Insured on your policy, and you have to provide a Certificate of Insurance to prove you did.
You also need to decide what your policy’s coverage limit should be. Through Thimble, you can choose between a $1,000,000 limit and a $2,000,000 limit for your tree services insurance. The limit of your policy is simply the maximum amount of money you can access from your insurance provider, and the higher it is, the more your premium will be. That said, the price difference is often minimal and the cost of a higher policy limit today will give you access to greater, more comprehensive coverage throughout your policy.
With Thimble tree service insurance, you can also choose to add on additional activities that you need your policy to cover. Say, for instance, you decide to offer snow and ice removal alongside your tree removal service during the winter. For the snowy seasons, you can add coverage for this activity onto your insurance policy.
Tree services insurance is a crucial part of any tree trimmers’, removers’, or generalist’s finances. A tree services insurance policy with Thimble will include General Liability, which will protect you against claims of bodily injury and third party property damage, and any associated legal and medical fees. To better understand how tree services liability insurance would work for you, consider the different forms of risk they would cover:
Imagine you’re working on removing a massive dead tree that’s dangerously close to tumbling. You go at it slowly but surely, and you’re making steady headway. However, your progress gets interrupted by a call from another client. You pack up your tools and step away to take the call. For the mere minutes you’re away, your present client trips over your pile of tools and injures his hand. He’s unable to type or use a mouse for months, which gets in the way of his job as a freelance writer. Luckily, your tree removal General Liability Insurance policy covers bodily injury, so you’re covered to defray the loss of income he faces.
3rd Party Property Damage
One of your employees is hacking away at a large branch near a client’s window. It’s a tough one, and it’s not giving way easily. In frustration, your employee hits the branch with an especially forceful cut, and the branch finally detaches—only to fly through your clients’ window and destroy the art they have hanging on the opposite wall. The art is small, so you offer to replace it, but it turns out it’s a sketch from Monet’s early years, and it’s worth hundreds of thousands of dollars. Because your tree services General Liability Insurance covers third party property damage, you’ll be able to cover the costs of replacing your client’s damaged art.
A customer might file a claim against you, even if that claim is unjustified. Maybe a client claims that a tree trimming job you performed caused the tree to be more vulnerable to high speed winds and, in turn, the tree you worked on fell on your client’s car. Even if you’re eventually absolved of the blame, you’ll need to hire a lawyer to get to that point—and lawyers are expensive. Your tree trimming General Liability Insurance covers defense costs, though, so you won’t need to pay for your representation out-of-pocket.
Your client with the broken hand is back, and because he’s freelance and out of work, he needs help paying for the medical bills he’s accumulated as he tries to fix his hand. Again, you’re covered—your General Liability Insurance offers medical coverage for injuries that result from your work, so you’ll be able to file a claim to cover these medical bills.
Yes, you should still opt for a General Liability policy even if your client has homeowner’s insurance. These policies cover very different things: your client’s homeowner’s insurance protects them from risks associated with fire, theft, and other events that may cause damage to their home. It can also respond to accidents resulting in bodily injury that occur on the client’s property if they are found to be at fault. For example, if you or another visitor is injured on your client’s property, their homeowner’s insurance may cover the costs associated with your injury.
Landscaping liability insurance, on the other hand, protects you in case an accident that occurs while you are working causes damage to a third party. For example, if your lawnmower throws a rock and you break a window in your client’s home, your General Liability policy will respond.
With Thimble, you can access a Certificate of Insurance instantly. Whether you’ve just purchased your tree removal business insurance, or you purchased it a year ago, you can pull up your COI within the Thimble app. Your Certificate of Insurance can help you prove your coverage to potential clients, and it can also serve as an easily accessible resource to help you to confirm the details of your coverage.
All you need to provide is your industry, zip code, and desired coverage period, and we will provide you with an instant quote tailored to your needs. Get a quote in minutes so you can spend more time growing your business.
Landscaping insurance protects your business from lawsuits, if you or your property accidentally hurts a third party or damages their property.