Tree service companies remain a popular business choice for entrepreneurs in Southgate, CA. However, it’s essential to ensure you have proper commercial insurance. You can face fines, imprisonment, have your business shut down, or be financially responsible for accidents on the job if you don’t have coverage.
Workers’ Compensation
Businesses with at least one employee should have workers’ compensation coverage. This is particularly important for high-risk industries, such as tree services. One climber falling can result in hundreds of thousands of dollars in medical bills, and that’s not including the cost of lost wages.
Liability Coverage
Liability coverage protects you if someone sues your company. This may be because they don’t like the job you did or because the property was accidentally damaged while your crew was working on a job. Liability policies will help pay for the damage, so you don’t have to.
Equipment Coverage
Make sure you have an insurance policy that covers your equipment. If you store tools and large equipment at your house, consider upgrading your homeowners insurance policy to ensure it covers them in case they are stolen. Opt for commercial insurance with a company like ANA Insurance Brokerage Inc. that also covers your equipment.
Commercial Auto Policy
Most owners drive their personal vehicles to give estimates for jobs. While this is common, it’s important to understand that you need commercial coverage for your vehicle because you use it for business, even if it’s just giving a quick estimate. Your insurer can deny your claim if you are in an accident while on company time and only have standard coverage.
Tree service companies have unique needs due to being a high-risk industry and owning expensive equipment. Most companies don’t have a brick-and-mortar store or office. We get it. Agents here at ANA Insurance Brokerage Inc. will work with you to get you a policy that works for your business. Contact us. We’re currently serving the Southgate, CA, area.
