"Types of Insurance for the Lawn Care Business" Home Business Articles | January 27 Logan Couture Premier Jersey , 2006 I know what you might be thinking is, "I don't need insurance". Want to make your life uncomfortable? Let your mower throw a rock and hit a child. I've had rocks break several windows in my day, but I am so lucking it didn't hit anyone. Look into insurance!
I've had several people contact me about what insurance is needed for the lawn business. Here are some explanations. General Liability- for damage to someone or their property. Government and large businesses require liability insurance of 1 million coverage.
Health- If something happens to you while working, you need to make sure your health insurance will cover you if you can not work.
Workers compensation- Compensates employees for work related injuries and illnesses. Some states don?t require this type of insurance. Where I live (TN), workers comp is not required for less than 5 employees. Cost of workers comp varies by state.
Business Auto- covers company vehicles.
Cost depends on: Type Size Number of vehicles How far it?s driven everyday What it?s haulingBusiness Owners Policy(BOP)- Package insurance which includes:
1.General Liability
2.Business Interruption Insurance- replaces business income and pays expenses such as equipment, office rent, fire, theft Joe Thornton Premier Jersey , orother loses. Cost $300- $400 a year.
Surety Bond -Covers the hiring contractors should you default on the job. Occasionally, this may be required for commercial jobs. Once you become established they may waive the bond.
Surety bonds are generally not needed for residential accounts, unless you are applying pesticides or herbicides. Ask your insurance agent.
Unless you have expensive equipment, I would think about not insuring the equipment, but to not insure you must always lock equipment with locks that are fast to open and close. I use the locks with the 3 numbers(Masterlock) or key locks, never do combination. Takes too long to open.
Before I started locking my equipment down, I had equipment stolen from my trailer. Later on my trailer was stolen even being locked. Lawn equipment is stolen a lot. More than you probably think. How long do you think it take to drive past a truck andsteal a $500 blower? About 5 seconds.
When looking for insurance there are 2 classifications.
1.Insurance agents- Usually represent 1 company
2.Insurance brokers- Represent many different companies.
I like working with brokers since they are on your side and shop several companies for quality and price. Always get 4 or 5 quotes because prices can vary greatly.
I know what you might be thinking is, "I don't need insurance". Want to make your life uncomfortable? Let your mower throw a rock and hit a child. I had rocks break several windows in my day Evander Kane Premier Jersey , but I am so lucky it didn't hit anyone. Look into insurance!Best of Luck!
Metal Stamping Market By Process (Blanking, Embossing, Bending, Deep Drawings), Material (Steel, Aluminum, Copper), Application (Automotive Authentic Brent Burns Jersey , Consumer Electronics, Aviation, Electronic, Telecommunications, Medical, Defense), And Geography 鈥?Global Forecast To 2023
Global Metal Stamping Market has shown strong growth pattern in recent years majorly due to rising urbanization and industrialization, growing automotive industry Authentic Erik Karlsson Jersey , increasing demand from aerospace and aviation industry, and rise in technological advancements. In addition, rising use of sheet metal across manufacturing industries and rising investments into metal stamping facilities further supports the growth of this market.
Meticulous Research庐 in its latest publication on Metal Stamping Market states that the global metal stamping market will increase at a CAGR of 3.9% from 2018 to 2023 to reach USD 289.24 billion by 2023. Wherein, geographically, Asia Pacific commanded the largest share in this market followed by Europe. The growth in the Asia Pacific market is primarily attributed to rising industrialization, significantly growing automotive and aerospace & aviation industry, infrastructural developments, and rising private & government investment in manufacturing sectors propels the growth of this market.
The report provides meticulous analysis of global metal stamping market by segmenting it on the basis of process (blanking Authentic Logan Couture Jersey , embossing, bending, coining, deep drawing, flanging, and others), material (steel, aluminum Authentic Joe Thornton Jersey , copper and others), application (automotive, industrial machinery, consumer electronics, aerospace and aviation, electrical and other electronics, telecommunications, medical Authentic Evander Kane Jersey , defense, and others). Wherein, among process, blanking, accounted for largest share in global market in 2017. The large share of this market is majorly due to blanking being a fundamental process in the metal stamping, and it has ability to produce precise and superior quality metal work pieces in large volumes at low costs. In terms of materials, steel stamping continues its dominance owing to its easy and high availability; high strength; relatively low cost; and high demand from almost all industries.
For Detailed Table of Content; Browse Report@
Key Topics Covered in This Report: 1. Introduction 2. Research Methodology 3. Executive Summary 4. Market Share Analysis 5. Market Insights 6. Global Metal Stamping Market, By Process 7. Global Metal Stamping Market Brent Burns Jersey , By Material 8. Global Metal Stamping Equipment Market, By Application 9. Geographic Analysis 10. Competitive Landscape 11. Company Profiles
The key players analyzed in the global metal stamping market are Magna International Inc., Alcoa Corporation, American Axle & Manufacturing Holdings, Inc., Interplex Holdings Pte. Ltd., Acro Metal Stamping Co., Tempco Manufacturing Comp.