Irrigation business insurance costs

Irrigation contractors and businesses pay an average of $95 per month, or $1,134 per year, for general liability insurance (sometimes called public liability insurance).

General liability insurance covers common landscaping risks, including third-party property damage and bodily injury. For example, if an irrigation installer damages a client's land while setting up a pivot irrigation system, a general liability policy would cover any resulting legal expenses.

It also helps pay for legal fees if someone sues your business over copyright infringement or advertising injuries, including defamation.

Some irrigation small business owners may need proof of general liability insurance to sign a commercial lease or secure a client contract.

Below is the average policy for irrigation businesses that buy from Insureon:

Premium: $95 per month
Policy limits: $1 million per occurrence; $2 million aggregate
Deductible: $500

Insureon’s licensed agents typically recommend a business owner’s policy (BOP) for small, low-risk landscaping companies. This policy combines general liability coverage with commercial property insurance at a discount to protect your landscaping business property, such as shovels and pipe cutters.

For irrigation business owners, the average cost for a business owner's policy is $173 per month or $2,076 per year. To protect against financial losses due to a forced closure, such as from a fire or flooding, you can also add business interruption insurance to a BOP.

General liability insurance costs depend on factors such as the coverage limits you choose, the size of your business, the amount of foot traffic you have, and any additional insured endorsements you select.

Learn more about how your insurance premium is calculated and how to save money on your general liability coverage.

The average cost for workers’ compensation insurance for landscaping professionals is $169 per month, or $2,029 annually.

A workers’ compensation policy covers medical bills and lost wages if you or an employee gets injured or ill on the job, such as a worker who inhales pesticides and gets sick. Businesses with employees typically must purchase workers' comp to comply with state requirements and avoid penalties.

Workers' comp state laws vary and your specific requirements will depend on the state you live in. For example, all irrigation companies in California must have a workers' compensation policy if they have one or more employees. However, coverage is optional in Texas.

Since health insurance plans can deny claims for injuries related to your job, workers' compensation coverage is also recommended for sole proprietors as a financial safety net and for extra peace of mind.

The cost of workers' comp depends on several factors, primarily your number of employees and their occupational risks. You can save money on your workers' comp coverage by classifying your employees correctly and implementing a risk management plan to minimize work-related injuries.

Landscaping companies pay an average of $204 per month, or $2,452 per year, for commercial auto insurance.

This type of business insurance pays for property damage and medical expenses from accidents involving your company vehicles, such as your business-owned truck. It can also cover vehicle theft, vandalism, and weather damage.

Most states require this type of insurance for vehicles owned by your irrigation business. For personal, rented, and leased vehicles used for work purposes, look to hired and non-owned auto insurance (HNOA) instead.

The cost of commercial car insurance depends on several factors, including the policy limits you choose, claims history, the number and value of your vehicles, and the driving records of anyone permitted to drive.

Learn how insurers calculate your premium and how to save money on your commercial auto coverage.

Irrigation businesses pay an average of $14 per month, or $169 annually, for contractor’s tools and equipment insurance.

A form of inland marine insurance, this policy covers your business property whether it’s in your office, in transit, or at a job site. Tools insurance can pay for lost, stolen, or damaged tools and equipment valued at $10,000 or less. This includes your mattocks, sprinkler systems, pipe cutters, and more.

The cost of contractor's tools and equipment coverage depends on the value of your irrigation equipment and the type of work you do.