What Insurance Do Ontario Lawncare Businesses Need?
Lawncare businesses often operate in diverse weather conditions, handle heavy machinery, and work in environments with potential risks. To protect against financial loss and liability, every lawncare business in Ontario should have insurance.
Here’s the insurance package that Ontario lawncare businesses need:
Commercial general liability (CGL) insurance
Commercial general liability insurance is a cornerstone for any business, including lawncare operations. It covers claims for bodily injury or property damage caused to third parties, like clients or suppliers, during the course of your business operations.
For example, if a lawnmower throws a rock and breaks a window, general liability insurance can cover the cost of repairs and any resulting legal claims.
It wouldn’t be uncommon to have $2 million in CGL insurance and more, depending on the size of your Ontario lawncare business.
Environmental liability insurance
Environmental liability insurance provides coverage for claims related to environmental damage caused by your business operations. Lawncare businesses sometimes use chemicals like fertilizers and pesticides, which can lead to environmental risks. In the worst case scenario, this insurance can help protect against cleanup costs, fines, and other liabilities.
Insurance is mandatory for lawncare businesses in Ontario. It provides a safety net against unforeseen events and helps ensure that your business can continue to operate despite setbacks. By understanding the various types of insurance available and selecting the coverage that meets your specific needs, you can protect your business, employees, and clients.
Commercial property insurance
Even if you don't own a local headquarters, you likely have valuable equipment, tools, and supplies as the owner of an Ontario lawncare business. Commercial property insurance protects your business assets from loss or damage due to fire, theft, vandalism, or certain natural disasters. For a lawncare business, this can include coverage for lawnmowers, leaf blowers, trimmers, and other equipment.
Business interruption insurance
Unexpected events like fire or flood can disrupt your lawncare business, leading to a loss of income. Business interruption insurance can help cover lost revenue and additional expenses to get your business up and running again.
This type of insurance is especially important for Ontario lawncare businesses, since they typically rely on good weather and seasonal demand. Speak to a Western Financial Group business expert to understand what business interruption insurance covers.
Commercial auto insurance
Lawncare businesses often use trucks or vans to transport equipment and employees. Commercial auto insurance covers vehicles used for business purposes, providing protection in case of accidents, theft, or damage. This insurance will help your Ontario lawncare business to continue operating even if your vehicle is damaged or involved in an accident.
Equipment breakdown insurance
Ontario lawncare businesses rely heavily on specialized equipment. Equipment breakdown insurance covers the cost of repairing or replacing machinery that fails due to electrical or mechanical breakdowns. This type of insurance can help minimize downtime and keep your business running smoothly.
Have questions? Speak with one of Western’s business insurance experts today to find the right coverage for your Ontario lawncare business.
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