Landscaping businesses transform outdoor spaces into works of art, creating lush landscapes and vibrant gardens that enhance any property. As explained by the Department of Education and Training Victoria, there are some risks associated with the work including injury from machinery, electricity, hazardous substances, falls, or manual handling.
Potential injuries include amputation, cuts, hearing loss, electrocution, broken bones, sprains, poisoning, sunburn, heat stress, or emotional stress. To ensure you are able to continue creating beautiful spaces and enhancing landscapes with peace of mind, Landscapers’ Insurance is essential.
The importance of insurance for Landscapers
Comprehensive insurance coverage for Landscapers and Gardeners is essential for peace of mind. It is a necessary tool to ensure business continuity when unfortunate circumstances arise, as well as to grow credibility from a business perspective and attract clients or customers.
Insurance may also be required for legal compliance. The Victorian Building Authority explains that when the cost of the domestic building work is more than $16,000, Domestic Building Insurance must be provided.
The main risks for landscaping work include:
- Accidental property damage resulting in financial liability
- Personal accident and injury when operating equipment
- Equipment damage or theft
- Challenges due to weather such as extreme conditions or natural disasters
To cover these risks and ensure you can continue to design and transform landscapes and outdoor spaces with the peace of mind that you are prepared for potential incidents, the right insurance is essential.
Recommended basic policies for Landscapers
1. Liability Insurance
Liability cover is important to protect you and your Landscaping business in the event that you are liable for property damage or injury to a third party, which may include a customer, supplier, or member of the public. Public Liability Insurance covers potential costs of replacement, repair or damage and compensate for legal costs in the event of a claim.
2. Tools & Equipment Insurance
If something happens to your landscaping tools, this could result in financial loss to replace them as well as loss of income if jobs need to be put on hold. As it is popular for tools to be stolen and become damaged, Tool Insurance is important to ensure you are able to receive compensation and replace or repair them as soon as possible.
3. Personal Accident & Injury Insurance
In the event that you are physically unable to work due to accident, personal injury or sickness, Personal Accident Insurance will ensure you are still able to continue earning an income and are able to get back on your feet as soon as possible. This includes benefit periods of up to 5 years and waiting periods as low as two weeks.
4. Workers’ Compensation Insurance
This policy is essential for any business with employees, and is designed to provide financial support to employees who suffer work-related injuries or illnesses. This benefits your workers while also offering you protection against potential legal repercussions.
5. Professional Indemnity Insurance
If your business offers landscaping advice along with design, then this form of insurance is important to protect in the event that your advice is found to be negligent and leads to injury or damage.
Tailoring to your unique needs
When determining a tailored insurance plan it is important to keep in mind that insurance needs may fluctuate seasonally. Some periods during the year may therefore require slightly different cover than others. You should ensure all risks are covered for the appropriate time period.
You should also determine the appropriate liability coverage that is suitable for your business size and the operational scale, as too much may result in unnecessary costs while too little may leave you exposed. Determine the specific business activities and the risks that may be attached to them.
An Insurance Broker is an excellent choice to assist with customised protection, able to compare options for your specific requirements and budget to offer the most suitable coverage for your landscaping business.
Comprehensive Landscapers’ Insurance with Atlantic Insurance
Atlantic Insurance Brokers is dedicated to providing tailored insurance solutions that align with your needs and budget, designed to cover your specific range of risks and offer peace of mind. Contact us for a personalised insurance plan today.
Any information contained on this page of the website is general advice only and has been prepared without taking into account your objectives, financial situation or needs. Your should consider these, having regard to the appropriateness of this advice and the relevant Product Disclosure Statement (‘PDS’), Target Market Determination (‘TMD’) and Financial Services Guide (‘FSG’), which will be provided following any formal recommendation to you.