Many variables contribute to the cost of landscaping business insurance, including your type of work and business risks. Cost estimates are sourced from policies purchased by Insureon customers.
General liability insurance costs for landscaping businesses
Landscaping businesses pay a median premium of about $45 per month, or $530 per year, for general liability insurance. This policy provides protection for client injuries and property damage, along with advertising injuries.
Insureon’s licensed agents typically recommend a business owner’s policy over a standalone general liability policy. A BOP combines general liability insurance with commercial property insurance to protect your landscaping business property, and costs less than purchasing each policy separately.
Your industry risks affect general liability costs
Among landscaping businesses that purchase general liability with Insureon, 68% pay between $400 and $800 per year. High-risk businesses tend to pay more for this policy.
Common general liability policy limits for landscapers
Policy limits determine how much your insurer will pay on covered claims. A per-occurrence limit is the maximum your insurer will pay for a single incident, while an aggregate limit is the maximum your insurer will pay on any claims during your policy period, typically one year. Higher limits cost more – and provide better coverage.
Most landscaping businesses (98%) choose general liability policies with a $1 million per-occurrence limit and a $2 million aggregate limit. As your small business grows, you may need to expand your policy limits.
General liability costs depend on your landscaping profession
Businesses with large premises, such as a commercial tree service company, typically pay more for general liability insurance than smaller businesses like a landscape designer. Your industry risk, building maintenance, years in operation, and your location will also affect your premium.
The annual median cost for a tree service company is $1,650, while the median for a landscape designer is $507 – or less than $45 a month. As you can see, the cost can vary significantly across professions.
Commercial auto insurance costs for landscaping businesses
Landscaping businesses pay a median premium of about $150 per month, or $1,810 per year, for commercial auto insurance. This policy can pay for third-party property damage and medical bills in an accident, along with vehicle damage caused by theft, weather, and vandalism.
Businesses with company-owned vehicles, such as tree trimming trucks or a lawn care company’s pickups, must purchase commercial auto insurance. The cost will vary depending on the type and number of company vehicles, and your unique business risks.
Your landscaping vehicles and their use determine commercial auto costs
Among landscaping businesses that purchase commercial auto insurance with Insureon, 40% pay less than $1,500 per year and 41% pay between $1,500 and $3,000 per year.
The cost depends on the vehicle's value and how much you drive, along with your history of accidents and claims. For example, landscape designers pay a median premium of $245 per month, or $2,935 annually. In contrast, the median cost for irrigation businesses is $155 per month, or $1,855 annually.
Workers’ compensation insurance costs for landscaping businesses
To meet your state’s requirements and avoid penalties, landscaping businesses with employees typically must purchase workers’ compensation insurance. This policy helps cover medical bills and partial lost wages when an employee suffers a work-related injury, such as an arboriculture employee who breaks an arm while trimming a tree.
With a median premium of about $230 per month, or $2,770 per year for landscaping businesses, policy cost is determined by your number of employees and their occupational risk, among other factors.
Workers’ comp costs depend on the number of employees
Among landscaping businesses that purchase workers’ compensation insurance with Insureon, 26% pay less than $1,500 per year and 27% pay between $1,500 and $3,000 per year. Companies with more employees will pay more for this policy.
Contractor’s tools and equipment insurance costs for landscaping businesses
Landscaping businesses pay a median premium of less than $15 per month, or $170 per year, for contractor’s tools and equipment insurance.
A form of inland marine insurance, this policy helps pay for repair or replacement of a landscaper’s lost, stolen, or damaged equipment and tools. The cost varies depending on the value of your tools and equipment.
Which contractor’s tools and equipment insurance limits do landscaping companies choose?
Most landscaping businesses choose contractor’s tools and equipment policies with a $5,000 generic limit.
Compare quotes from trusted carriers with Insureon
Insureon’s landscaping business insurance agents work with top-rated U.S. carriers to find affordable coverage that fits your business. Apply today to compare multiple quotes with one free online application. Work with an account manager specializing in the unique risks of lawn care, tree service, and landscape design.