Insurance To Protect Lawn Care Equipment

As an insurance broker that specializes in the landscaping business, I’m often asked about the significance of gear floater insurance. “Why can landscape or lawn care equipment not be dealt with by routine property insurance or other policy? ”

3. This equipment also contains some of their most valuable assets of your landscaping and lawn care industry.

A normal property insurance plan is only going to cover your gear when it’s in your office building or other place of storage. A commercial automobile policy may pay for damage to your trailers, but it won’t protect your gear whilst on the trailer. To protect this gear with insurance, a policy has to be composed and rated to insure valuable things while away from your assumptions of a structure.

Gear floater insurance is a sort of inland marine coverage. It’s particularly designed to pay your yard care tools and equipment while located anywhere in the wide policy land. Just about any sort of mobile posts, tools, machines, and equipment (other than motor vehicles designed for highway use) could be insured under a gear floater policy.

The cost of equipment floater insurance is a good value for yard care companies with yearly premium rates ranging from one to 4% of their entire worth of the insured gear. Some insurance carriers also give discounts when this policy is packed into a insurance coverage together with general liability or commercial automobile policies. Other premium discounts might be available for secure storage methods, theft deterrent systems, claims history, and equipment maintenance processes.

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