Small business insurance for gardeners and landscapers


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Small business insurance for gardeners and landscapers

Positive industry growth trends provide ample business opportunity for gardeners and landscapers. However, if damages occur due to your negligence, you may lose out on revenue or even find yourself in financial trouble. Small business insurance for gardeners and landscapers can compensate your business financially from a break in and your tools and equipment are stolen or damaged, and provide Public and Product Liability cover as well as Personal Accident cover.

The Australian gardening and landscaping sector has experienced steady growth over recent years.

Australia's gardening and landscaping services

The Australian gardening and landscaping sector has experienced steady growth over recent years, despite declining consumer and business confidence due to the Global Financial Crisisi,ii. Industry revenue adds up to $6 billion, with landscaping services accounting for a total of $5 billion. Greater customer demand can partly be related to a demographic shift towards an aging population, increasing the number of Australians who are physically unable to garden themselves. A general trend towards higher income levels, which leaves Australians with more money to spend on gardening services, also works in favour of industry growthi.

The growing popularity of green building design and government initiatives such as the Federal Government's First Home Owner's Grant have also strengthened the market for landscaping services in Australia. Currently, 50,000 people are employed across 15,250 landscaping service businesses in Australia, with an annual industry growth rate of 0.5 per centii.

Insurance can help

Running a gardening or landscaping business, you may have been required to invest a significant amount of money in equipment and tools. Buying and maintaining the sufficient level and types of insurance cover can not only protect this investment, but also compensate your business financially in the event of 'General Property' claims.

Fire or theft damage to your equipment and tools comes with unnecessary cost, and can disrupt your business operations. Appropriate small business insurance for gardeners and landscapers can help to have your equipment replaced quickly so that business can continue as normal. Your business can also be protected from business interruption, helping to cover loan repayments, employee costs and other expenses in the event of a fire or theft claim, that halts the usual running of your business. Small business insurance can help keep things going until your business is back on its feet.

Small business insurance for gardeners and landscapers can provide protection for third-party property damage or injury to others in the course of your work.

Small business insurance can provide protection for third-party property damage or injury to others in the course of your work. Without public liability cover, which can financially compensate third parties for death or injury, , you may find yourself unable to afford the expenses incurred, which could result in significant financial trouble. Product liability also protects you from damage of property for which you may be held liable. Personal Accident cover can be added to the insurance cover for yourself and a select employee, protecting from partial loss of income from an injury. Taking out an appropriate level of small business insurance cover is essential when you work in the gardening and landscaping industry, as the financial consequences of unforeseen events can be severe.


iIBISWorld 2012, Gardening Services in Australia: Market Research Report, viewed 14 November 2013,
http://www.ibisworld.com.au/industry/default.aspx?indid=676

iiIBISWorld 2013, Landscaping Services in Australia: Market Research Report,, viewed 14 November 2013,
http://www.ibisworld.com.au/industry/default.aspx?indid=335