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| | Snow Removal Insurance Program | | |
There are several types of insurance any company operating snow removal needs to be familiar with. The business needs to be adequately covered in case of a slip and fall claim! In many states it is illegal to do work without insurance. Types of insurance include:
- Liability Insurance: Liability insurance protects your business in the event you may be found liable for an injury or property damage to a third party. For example, if someone slips, falls and breaks a leg in a parking lot that has just been plowed and de-iced, the person may then sue the snowplowing company for injuries and damages. A common mistake is to assume that your landscaping or other core business liability insurance covers losses for snow removal. It is up to the business owner to make sure that liability policies cover snow removal, and many Property Owners require coverage of up to $1 Million, $2 Million or more. We will be happy to review your current policy!
- Automobile Insurance: Coverage will include Bodily Injury and Property Damage due to the operation of the snow removal vehicles owned by the business. Competitive rates for a single vehicle or composite rating discounts for large fleets are available.
- Inland Marine Coverage: This coverage is needed to cover the unique exposures presented by the snow removal business. The automobile policy will exclude snow plows and pushers. Additionally, salters and spreaders can be included on this policy.
- Insurance Coverage for Home-Based Businesses: Owners of small snowplowing companies who operate out of their home usually do not have adequate coverage in their regular homeowner's policy. This coverage can be increased by adding a "rider", but usually a home-based business policy will be necessary to cover the office exposure.
- Workers' Compensation required in most states when you have employees is available
- Health Insurance
- Other - Almost anything is insurable. Some examples include:
- Fidelity bond insures against employee dishonesty.
- Disability insurance replaces part of your income if you become disabled and unable to work.
- A surety bond covers losses resulting from the non-performance of a contractor, supplier or other person to fulfill an obligation.
- Owner or key executive insurance enables businesses of sole proprietor or partnerships to pay bills and continue operating should a tragedy befall an owner/operator.
Contact us today for a free, no-obligation quotation!
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