Have you ever wondered if the cost of insurance for your lawn care business is truly necessary? As a small business owner, you have to make every dollar count. Besides—who’s going to sue you?
Well, here’s the reality: 90% of companies experience a lawsuit at some point, and 99% of businesses are small. The likelihood of costly litigation may not be as far-fetched as you’d like to think. That’s where insurance protects you and your business, helping you minimize downtime, maintain customer trust, and keep cash flowing so you can stay afloat.
Insurance isn’t just a cost—it’s an investment in the future of your business. We understand why it can feel expensive, especially for small business owners. That’s why today, we’re going to break down what drives the cost of insurance for lawn care businesses and how to balance coverage and costs so you can get the right protection at the right price.
The cost of lawn care insurance depends on how many policies you buy and the coverage you need. Insurance providers will give you different rates when shopping for insurance based on your specific services, revenue, and claims history. However, your quotes should be comparable between carriers. If you get a quote from a carrier that’s much higher or much lower than the other quotes you’re getting, we advise looking into why that is. We also recommend comparing several quotes to get a good idea of what you can expect to pay for your lawn care business insurance.
The current average national lawn care business insurance cost is $45 monthly. That’s just for a general liablity insurance policy for your lawn care business; that cost will rise as you add on other coverages.ility alone.
Remember, the cost of your insurance is often for more than one policy. Here are a few common coverages lawn care businesses get to protect their employees, equipment, and vehicles.
Each additional policy will increase the monthly cost of your business insurance. Here’s a quick rundown of what lawn care insurance coverages might cost:
Examples of Lawn Care Insurance Coverage and Costs via Forbes Advisor
Some small lawn care businesses choose a general liability policy with a $1 million per occurrence limit and a $2 million aggregate limit. But like any other small business insurance, your coverage should increase as your business expands.
Your policy limit affects how much your insurance will cover if someone files a claim. The higher your limit, the more you'll pay for your insurance. To better understand, let's break down the limits.
A per-occurrence limit is the maximum amount your liability insurance will pay for a single incident. This could bring about multiple claims, but as long as they’re all from the same event, they’d be covered under the per-occurrence limit. However, note that not all small business insurance policies have per-occurrence limits. Commercial property insurance policies, for example, usually don’t include these limits.
Many lawn care business owners worry that their insurance might not be enough when they really need it. Others are concerned about spending more on coverage when they could’ve saved the money for another business expense.
Ultimately, how much you need to spend on lawn care insurance depends on the requirements of your business. Insurance providers will assess your revenue, the services you offer, your number of employees, and your claims history, among other things, to give you a quote tailored to your business.
We’d never expect you to be an insurance expert, but we know it can be helpful to understand why certain factors affect the cost of insurance. For lawn care businesses and other labor-based businesses, risk exposure is the number one driver of increasing insurance costs. A labor-based job is inherently a little riskier than a job that requires sitting at a desk.
However, so much more goes into your final insurance quote. Let’s unpack some of what affects your insurance costs.
Where you run your lawn care business can also influence how much you pay for insurance. For example, it’s more expensive to insure a business in California than in Pennsylvania. You'll also pay higher monthly or yearly premiums if you choose an insurance plan with more coverage or higher limits.
Now that you’ve noted what different policies cover and what influences the cost of your insurance, it’s time to weigh your insurance needs against what you’re willing to spend. Here are some tips to help you budget for lawn care business insurance.
Remember that insurance is an investment in your business, not a financial liability. A trusted insurance advisor like those at CoverHound can guide you in choosing the right policies and coverage for your lawn care business. You can also browse for insurance options and calculate the cost of premiums online with a simple, 5-minute quiz.
The cost of lawn care business insurance is dependent on several variables. These include what insurance coverages you choose for your business, how your business operates, and what your insurance budget is. We know that every dollar counts when you’re a small business owner, and that’s why we know insurance is an investment worth making. No business is too small for an unexpected incident they can’t afford to pay for – and if you can’t afford to invest in insurance, you can’t afford an incident.
At CoverHound, ensuring your peace of mind is our top priority so you can focus on doing what you do best – running your lawn care business. That’s why we make finding coverage options tailored to your business’s needs easy. When you use our easy-to-navigate online insurance platform, you can get a fast, accurate quote and coverage that starts within 24 hours – no hassle, no wait, and no confusion. Partner with CoverHound today to get customized lawn care insurance. .
Insurance shopping simplified
Insurance shopping simplified
