I know a thing or two about landscaping! Is having insurance that important? I have about 3 labor workers ready. ill be paying them 10$/ hr
2006-09-11 03:05:19 · 5 answers · asked by Tazzzy 1 in Business & Finance ➔ Small Business
You need Worker's Comp, Property Damage Insurance, and Commercial Vehicle insurance. The amounts vary by state. To protect yourself check into your state's regulations.
If you have paid workers there is also Unemployment Insurance. This is a biggie. You can pay large fines and go to jail if you are not in compliance.
2006-09-11 03:13:12 · answer #1 · answered by doggiebike 5 · 0⤊ 0⤋
Well one insident popped into my head at this question. A man was hired to trim a ladies tree, one branch got away from him and took out the electricity of the whole block. The city came after the home owner for the repairs and loss of all food etc, well when she went to the worker who had claimed he had insurance GUESS WHAT he didnt. So the point is that anything can happen, small or not it can cost you a fortune in the end.
2006-09-11 03:33:02 · answer #2 · answered by anton_29207 3 · 0⤊ 0⤋
Insurance is extremely important. You will need Commercial Liability coverage to protect yourself in case of damage done to a client's property. It would be a good idea to have any equiptment/tools insured as well. I'm assuming you will be carrying Worker's Comp. You may want to inquire about "Stop Gap" coverage to be added to your commercial policy. It will pay any difference that Worker's Comp does not pay.
You'll need to add your vehicles that will be driven for business on a commercial auto policy. If you have payroll, you will also need to pay into your State's Unemployment Frund.
2006-09-11 04:14:19 · answer #3 · answered by Q.S.G 3 · 0⤊ 0⤋
Depends
Are you doing any spraying or using any heavy equipment! If so, yes!
Actually, yes! Get insurance. Imagine something happens to someone while your working,
Or you spray for spiders and some kid gets sick, or your worker chops off his foot...
Get Insurance!
2006-09-11 03:07:58 · answer #4 · answered by stingyguru 2 · 0⤊ 0⤋
you must by law have insurance if you are going into business. Not only to cover yourself if injured or your tools need replacing or are stolen, but for public liability reasons also.
2006-09-11 03:13:19 · answer #5 · answered by Mrs D 6 · 0⤊ 0⤋