Spring Into Lawn Care Sales: Shopping Your Lawn Care Risks
According to the National Association of Landscape Professionals, U.S. households and businesses spent nearly 77 billion dollars on lawn care services in 2015. The vast majority of these lawn care professionals are a small to medium sized business with revenue of approximately $217,000 per year.
The same source touts industry employment numbers at 979,257 people. This industry has a low barrier to entry with minimal start-up costs, so it makes sense that the lawn care professional is looking for a cost effective policy to cover their business.
Purchasing a low-premium insurance policy is also an easy, affordable way for these professionals to prevent financial burden in the event of a claim. The following claims show how a business can face thousands of dollars in losses because of one accident.
The insured was blowing leaves and grass off the sidewalk at a residential property. While operating the blower, stones were projected to a nearby vehicle that sustained paint and window damage. The insured was found to be negligent for the damage and incurred a loss of over $5,000.
The insured stored a piece of his equipment in his client’s garage during the day. One afternoon, a fire occurred in the garage and destroyed the insured’s equipment. The insured filed a claim to replace the equipment valued at just under $10,000.
USLI has developed a solution specifically for risks with direct workers, including owners, employees and casual laborers involved solely in grass or weed cutting, trimming, seeding, raking, blowing and clean-up.
The Lawn Care product* offers coverage for lawn care professionals with:
• Sales up to $500,000 per year
• No more than 10 workers, including owners, employees and casual laborers
We also offer the following coverages:
• Blanket additional insured endorsement
• Specific products-completed operations additional insured endorsement, specific waiver of subrogation and specific primary non-contributory endorsements
• Low minimum premiums starting at $550 in most states for up to 3 workers and $1,000,000/$2,000,000 liability limits
• Ability to package inland marine coverage for scheduled and/or unscheduled equipment
Additionally, all of our policyholders have access to our Business Resource Center which provides access to many discounted and/or free resources needed by cost conscious business owners. Some of the resources particularly relevant to lawn care professionals are:
• Pre-employment screenings
• Human resources services
• Payroll and tax services
With these features, our Lawn Care product will help you “spring” into increased lawn care sales!
Contact Rick Lall
Assistant Vice President, Underwriter | 888-523-5545 Ext. 2296
Written by David Ford
March 16, 2017
*Available in AZ, AR, AL, CA, CO, FL, GA, HI, ID, MT, MS, NC, NV, NM, ND, OK, OR, SD, SC, TN, TX, UT, WA and WY