Frequently Asked Questions About
Commercial General Liability Insurance
How much does small business insurance cost?
Costs can vary widely based on industry and are also determined by zip code and often payroll and/or gross sales. Request a free quote to get an exact number. (read more)
What kind of business insurance do I need?
Most business owners need General Liability Insurance at the very least. If you have any non-owner employees, you will need workers compensation insurance too.
What is a Certificate of Insurance?
A Certificate of Insurance is proof of coverage. It lists the type and amount of liability coverage you have and other policy information when a third party requests it. (read more)
Is business insurance tax deductible?
Yes. you can deduct the cost of commercial insurance premiums. The IRS considers insurance a cost of doing business as long it benefits the business & serves a business purpose.
Kentucky Tree Surgeon Insurance
Kentucky Tree Surgeon Insurance. Tree surgeons care for trees by diagnosing diseases and pest infestations, spraying with fungicides or pesticides, filling cavities to prevent further decay, providing structural support to branches, and pruning or removing diseased or unwanted trees or parts of trees, or grinding tree stumps.
They may plant new trees or transplant existing trees. They may climb trees using harnesses, ropes or spikes, or work from a scaffold or cherry picker. Tree surgeons may be involved in emergency work removing and disposing of trees after storms or other disasters.
As a KY tree surgeon, you provide an invaluable service to your clients. Pruning branches and treating damaged trees not only prolongs their life, but it also improves the safety of those who come into contact with the trees; not to mention the fact that it beautifies the property. You might also remove diseased, decaying, or dead trees.
No matter what type of services you offer, it's important that you carry the right type of Kentucky tree surgeon insurance coverage. Why is insurance so important and what type of policies should you carry? Below, you'll find the answers to these questions and more so that you can ensure your business - and your clients - are well protected.
Kentucky tree surgeon insurance protects your arborist business from lawsuits with rates as low as $47/mo. Get a fast quote and your certificate of insurance now.
Why Insurance Is So Important For Tree Surgeons
Your line of business involves the use of heavy equipment and powerful machinery. You probably work with chemicals, too. Plus, you and your crew are climbing up tall structures, and it's likely that those structures are often unstable. You also have to contend with high winds, sudden rain storms, and you're working on other people's property.
Despite the fact that you make every effort to ensure that you and your team are following protocols and using the safest procedures possible, accidents can happen. An employee can fall off of a ladder, a limb can fall onto a house and damage the roof, or a piece of equipment could backfire, for example.
When accidents do occur, you'll be glad that you have insurance to protect you. With the right insurance coverage, the cost of any covered liabilities, such as damages, injuries, and even litigation, will be taken care of. Without insurance, you would have to pay for the costs that are associated with any damages out of your own pocket, which could be financially devastating.
To avoid the risk of going bankrupt and losing everything, Kentucky tree surgeon insurance is one of the best investments you can make for your arborist business.
What Types Of Insurance Should Tree Surgeons Carry?
There are several types of Kentucky tree surgeon insurance coverage that should be considered. While the specific policies will vary and are based on the specific needs of your business, the following coverages are most recommended:
- Commercial General Liability - The most basic of all coverage options and the one that all business owners simply must carry is commercial general liability insurance. This type of coverage protects your tree surgeon business from third-party liabilities, including injuries and property damage, as well as any legal claims that come along with such damages. For example, if a client's property is accidentally damaged while you're removing a tree and he or she files a lawsuits against your company, your insurance provider would help to cover the cost of any necessary repairs, litigation, and settlements.
- Commercial Equipment - You've invested a lot of money into the equipment that you use to tend to and remove the trees you care for. If any of your equipment is damaged, lost, or stolen, repairing or replacing it can set you back significantly. With commercial equipment insurance, the expense of repairing or replacing your equipment won't have to come out of your own pocket; instead, your insurance provider would help to cover the cost, which can save you some serious money.
- Workers' Compensation - Whether you employ a crew of 50 or 5 people, you're going to need workers' compensation insurance. This type of coverage pays for any on-the-job injuries or illnesses that your employees may sustain. It can also cover wages that employees lose while they are out of work, training for a new line of work if they are unable to return to their previous position, and legal defense fees, should an employee take any legal action. For instance, if any employee was injured by a saw that you failed to maintain and he or she files a lawsuit against you, your workers' comp insurance would pay for any related medical care, lost wages, and legal fees.
These are just some of the different Kentucky tree surgeon insurance policies that arborists should have. There are other if your specific job or operations call for it.
KY Arborist's Risks & Exposures
Premises liability exposures can be light at the tree surgeon's own premises if there is no public access. If there is a nursery, the exposure increases as customers may slip or fall on wet flooring or dirt or trip over equipment. Plants and equipment stored in the open can present an attractive nuisance. At job sites, falling tools, branches, or debris may injure persons, damage vehicles or other property, or fall onto power or communication lines.
Use of chain saws on trunks or limbs and the use of chippers for disposal may result in flying debris that can cause serious bodily injury. Root removal may cause underground damage to water, sewer, gas, electrical, or communication lines. The areas of operation should be restricted by barriers and proper signage to protect the public from slips and falls from equipment and supplies impeding access.
The application of chemical fertilizers or pesticides presents both a premises and completed operations hazard that could result in serious long-term injury, illness, or disease to customers, passersby, and workers. Chemical overspray may also result in damage to vehicles or other property. Contractors who do not obtain and keep proper licensing and certification for chemical applications create a serious liability exposure.
Environmental impairment exposure is significant. The application of chemicals can result in damage to air, soil, or groundwater. The tree surgeon must comply with all federal, state, and municipal regulations regarding the use and disposal of chemicals and waste products. Employees who handle chemicals must have the appropriate licenses and certifications individually.
Workers compensation exposures are high due to the operation of machinery and equipment, work at heights, work on uneven ground, and exposure to underground or above ground cables and lines. Use of power-cutting equipment can result in cuts and possible amputations. Back injuries, hernias, and sprains and strains can result from lifting. Work done on ladders, scaffolds or cherry pickers can result in severe injury or death from falling or being struck by falling objects.
Careful controls are necessary, as is good maintenance of equipment such as lifts, ladders, and safety equipment. Chemical applications may cause lung problems along with allergic reactions and other more serious complications.
Property exposures may be limited to an office with a storage yard for vehicles and equipment. They may include the use or sale of live and growing plants, shrubs, bushes, trees, or flowers. These may grow in a structure such as a greenhouse or outside in a yard. Both the structure and the growing stock are susceptible to damage by fire, wind, hail, and vandalism. The stock is also vulnerable to loss by frost and animals or insects. Specialty coverages designed specifically for growing stock to cover the loss from natural elements may be needed.
Older greenhouses may be subject to frequent glass breakage, since they are typically made with the lowest grade of plate glass. Newer greenhouses are simply frames with plastic coverings which need frequent replacement as they tend to yellow or cloud in the weather and block out sunlight needed by plants. There may be backup systems or generators employed to prevent freezing or other temperature losses.
Fire hazards can be high from the flammables used in the repair operations such as solvents and degreasers, and the chemicals in fertilizers and insecticides. These must all be well controlled, labeled, and separated with proper storage in the appropriate containers and storage facilities.
Crime exposures are from employee dishonesty. Background checks, including criminal history, should be obtained on each employee prior to hiring. Ordering, billing, and disbursement should be handled as separate duties with reconciliations occurring regularly. There should be appropriate procedures in place when employees accept payments off site.
Inland marine exposures include accounts receivable if the tree surgeon offers credit to customers, contractors' equipment and tools, goods in transit, and valuable papers and records for customers' and suppliers' information. Equipment may include hand tools such as pruning shears and chain saws, scaffolding and ladders, cherry pickers, or back hoes used for digging. Items can fall from heights or be stolen by third parties or employees.
Chippers and hoggers used to grind up trees into chips may be damaged by metal objects embedded in the wood or break down during use. Goods in transit may be damaged by fire, collision or overturn. While the transport of fully grown trees for planting is rare, the stock may be of high value. Vehicles containing tree stock should be attended at all times.
Business auto exposures may be very limited if the service is maintenance only and does not supply plants. If plants and large trees are transported the exposure increases due to the possibility of the load being involved in a collision or overturn. Vehicles may be custom designed with specialty equipment, such as lifts, cherry pickers, and tree planting or removal equipment.
Drivers should be aware of and be able to perform cleanup procedures in the event of a collision or vehicle overturn. All drivers must be well trained and have valid licenses for the type of vehicle being driven. MVRs must be run on a regular basis. Random drug and alcohol testing should be conducted. Vehicles must be well maintained with records kept in a central location.
KY Tree Surgeon Insurance
To find out if there are any other additional policies you should purchase and how much coverage you should have, speak with a reputable agent that specializes in Kentucky tree surgeon insurance insurance.
Kentucky Economic Data And Business Insurance Requirements
In order for a business to succeed, it's important to have a firm understanding about the economic status of the state that the organization is going to be established in . It is also important for business owners to know what type of commercial insurance they are required to carry in KY.
If you are thinking about opening or moving a business in Kentucky, keep on reading to find out some key information about the economic status of the state, as well as the KY commercial insurance requirements.
Business Economic Trends In The Commonwealth Of Kentucky
As per recent reports from leading economists, the economic outlook for Kentucky is looking bright. More jobs have been added in recent years, which is evidenced by the declining unemployment rate, and it is expected that more jobs will be added in the year 2019.
The goods and services industries are the two areas that are really expected to add significant gains to the economy of Kentucky. Industries in this sector are flourishing, with new companies being added during the 2019 calendar year. It is also expected that more jobs will be created in this sector in the upcoming years.
While technology is taking over the manufacturing sector in many other parts of the nation, in Kentucky, this industry is growing; but, it is growing at a slower rate than usual, as technology is also having an impact in KY. It is also predicted that the healthcare firms will continue to be added in Kentucky and will provide ample opportunities for employment, creating more jobs than manufacturing.
There three key areas in the Kentucky that are contributing the most to the economy, and these include Lexington, Northern Kentucky, and Louisville.
Commercial Insurance Requirements In KY
The Kentucky Department of Insurance regulates insurance in KY. Like most other states, business owners are required to carry workers comp insurance in Kentucky. In the Commonwealth, if you employ a staff of hourly or salaried employees, you must carry this type of coverage, even if your staff only consists of one person.
Commercial auto insurance is also mandate in Kentucky, so if you use a vehicle for business-related reasons, you must have this type of coverage.
You are not required to carry commercial liability insurance; however, it is a wise idea to invest in a policy. It will protect you from any legal issues that might arise, such as slips and falls or property damages.
Additional Resources For Contractors & Home Improvement Insurance
Learn about small business contractor's insurance, including what it covers, how much it costs - and how commercial insurance can help protect your contracting business from lawsuits.
- Air Conditioning Systems Installation Repair
- Blacksmith & Metal Workers
- Builders Risk
- Cable And Satellite TV Installer
- Chimney Sweep
- Contractor Liability
- Door And Window Installers
- Dryer Vent Cleaning
- Drywall Contractor
- Electrical Contractors
- Environmental Remediation Contractors
- Fence Installation
- Fire Sprinkler Contractors
- Fire & Water Restoration Contractors
- Flooring Contractor
- Garage Door Installer And Repair
- Glass Contractor
- Glazier Insurance
- House Cleaning
- HVAC Contractor
- Insulation Contractor
- Janitorial Cleaning Services
- Lawn Care
- Paperhanging Contractors
- Plastering And Stucco Contractor
- Pressure Washing Contractors
- Propane And Fuel Dealers
- Rug, Upholstery & Carpet Cleaning
- Sandblasting Contractors
- Security Alarm
- Septic Tank Cleaning
- Siding Contractor
- Solar Panel Installers
- Snow Plow
- Stone And Tile Installer
- Swimming Pool Contractor
- Tree Surgeon
- Tree Trimming
- Upholstery Shop
- Waste Haulers & Garbage Collection
- Water Well Drilling
- Welding Contractor
- Wildlife & Pest Control
- Window Cleaning
A contractor that wants to begin or stay in business, liability coverage must be obtained for the premises or operations, off-site locations and products/completed operations exposures. These coverages may be included as a part of a businessowners policy (BOP) or purchased in a commercial general liability (CGL) policy. Owners and contractors protective liability and railroad protective liability coverages may also be required in certain cases in order for a contractor to obtain a particular job.
Physical damage coverage for tools, supplies and equipment, both on and off the contractor's premises, is a concern. Liability exposures at the premises of the contractor, and at the premises of the contractor's customer, must be properly addressed along with completed operations. Business insurance is very important as is workers compensation insurance protection for employees.
Contractors may work under a general contractor as a subcontractor in larger construction projects - like a new commercial site or residential subdivision. They can work on smaller projects directly with a home owner, usually specializing in renovations or remodels.
In business insurance speak, often called 'artisan contractors' or 'casual contractors', they are involved in many aspects of construction and contracting work – and include various trades and skills. Carpenters, painters, plumbers, electricians, roofers, tree trimmers, landscaping are just a few examples. They may do roofing, fencing, drywall, tile work and many other trades that involve skilled work with tools at the customer's premises.
An artisan contractor performs a single trade or job, and each has its own specialized liability needs with its own exposures to risk and accidents. Contractors liability insurance can offer coverage for bodily injury, property damage, advertising injury and medical payments.
Most artisan contractors should have commercial general liability at the very least, but many need broader coverages - like an umbrella to increase their limits of liability, inland marine policy to protect their tools, workers compensation if they have employees, and even commercial auto if they use vehicles for business purposes.
Request a free Kentucky Tree Surgeon insurance quote in Alexandria, Ashland, Barbourville, Bardstown, Beaver Dam, Bellevue, Benton, Berea, Bowling Green, Brandenburg, Cadiz, Calvert, Campbellsville, Carrollton, Central, Cold Spring, Columbia, Corbin, Covington, Crescent Springs, Crestview Hills, Crestwood, Crittenden, Cynthiana, Danville, Dawson Springs, Dayton, Douglass Hills, Eddyville, Edgewood, Elizabethtown, Elsmere, Eminence, Erlanger, Flatwoods, Flemingsburg, Florence, Fort Mitchell, Fort Thomas, Fort Wright, Frankfort, Franklin, Georgetown, Glasgow, Graymoor-Devondale, Grayson, Greenville, Harrodsburg, Hartford, Hazard, Henderson, Highland Heights, Hillview, Hodgenville, Hopkinsville, Hurstbourne, Independence, Indian Hills, Irvine, Jeffersontown, La Grange, Lakeside Park, Lancaster, Lawrenceburg, Lebanon, Leitchfield, Lexington-Fayette, London, Louisville, Ludlow, Lyndon, Madisonville, Marion, Mayfield, Maysville, Middlesborough, Middletown, Monticello, Morehead, Morganfield, Mount Sterling, Mount Washington, Murray, Newport, Nicholasville, Oak Grove, Owensboro, Paducah, Paintsville, Paris, Park Hills, Pikeville, Prestonsburg, Princeton, Prospect, Providence, Radcliff, Richmond, Russell, Russellville, Scottsville, Shelbyville, Shepherdsville, Shively, Simpsonville, Somerset, Southgate, Springfield, St. Matthews, Stanford, Stanton, Taylor Mill, Union, Versailles, Villa Hills, Vine Grove, Walton, West Liberty, Wilder, Williamsburg, Williamstown, Wilmore, Winchester and all other cities in KY - The Bluegrass State.
Quotes from leading small business insurance carriers including: ACE, AmTrust, Chubb, Cincinnati, CNA, Colony, Employers, Evanston, Fireman's, Foremost, Guard, Hanover, Hiscox, Liberty Mutual, LLoyd's of London, Markel, MSA, Nationwide, Penn America, Philadelphia, Prime, Progressive, Scottsdale, The Hartford, Travelers, USLI, Utica First, Western World, Zurich & others.