Importance of Insurance for Snow Plowing
A snow plow service needs insurance to help protect companies financially from risks like injuries or property damage. Most Massachusetts businesses providing snow removal services need a policy, including residential services, commercial services, subcontractors, and landscaping companies offering winter services. Policies typically contain multiple coverages such as general liability insurance.
What Does the Policy Cover?
For businesses planning to plow snow, it is essential to have at least 20 hp, and plowing can be done with proper precautions to avoid damaging driveways for years. Snow plows face unique vulnerabilities and they perform the vital service of clearing roads for work and emergencies.
Costs and Types of Insurance
Hiring someone to plow costs $30 to $50 per visit, and sidewalk shoveling costs $25 to $75 per hour. If you employ these workers, you must provide workers’ compensation insurance and may have to offer other benefits, making the use of independent contractors a more attractive option.
Payment and Coverage Options
Unlike commercial vehicle insurance, you only pay for snow plow insurance when your snow plow operates. Construction businesses typically pay $74 per month for liability insurance, while snow plowing businesses can bundle this with their liability insurance for $112 monthly, which covers legal fees related to negligence. Additionally, investing in umbrella insurance can increase your underlying policy’s coverage limits.
Snow Plow Insurance Plus has been determined as one of the best options as it combines necessary coverages into one package, ensuring complete protection.
Conclusion
To avoid any potential legal issues and ensure comprehensive protection, it’s advisable to contact an insurance agent about snow plow insurance without delay.