One of the first questions you should ask is, “Do Tree Service have the right insurance coverage?” If you are a small business owner, you will want to be protected by a comprehensive insurance policy. While this type of policy is usually a necessity, you should also look into whether the company you are considering offers other types of insurance as well. In some cases, you may not even need this type of protection, but if your business is larger, you may want to get additional protection.
Workers compensation insurance is a critical part of your insurance coverage. This policy pays for injuries and illnesses that occur on the job. This is particularly important for a tree service business, which is considered high-risk. According to the Department of Labor, the average cost of a work-related injury is $41,000. Keeping your business protected with the right insurance coverage is crucial for the growth of your company. If you don’t have any of these policies, you will be out of luck.
Worker’s compensation insurance is essential for tree care businesses. It protects the business from liability when accidents or injuries occur. A worker’s compensation policy covers all costs incurred by employees, regardless of the size of the business. This coverage is also necessary for employers in other industries. For example, a landscaping company must carry general liability insurance to cover any accidents or injuries that happen on a customer’s property.