* Auto liability insurance: Covers the costs of bodily injury or property damage caused by your snowplow or ice removal equipment.
* Uninsured/Underinsured motorist insurance: Covers the costs of injuries or damages caused by another driver who is uninsured or underinsured.
* Collision insurance: Covers the costs of damage to your snowplow or ice removal equipment caused by a collision with another object, such as a tree or a building.
* Comprehensive insurance: Covers the costs of damage to your snowplow or ice removal equipment caused by fire, theft, or other covered events.
* Workers compensation insurance: Covers the costs of injuries sustained by your employees in the course of their work.
In addition to these types of coverage, it may also be helpful to purchase:
* Loss of income insurance: Covers the costs of lost income if you are unable to work due to an accident or injury.
* Business interruption insurance: Covers the costs of lost profits and extra expenses incurred if your business is interrupted by a covered event, such as a natural disaster or a power outage.
* Equipment breakdown insurance: Covers the costs of repairs to your snowplow or ice removal equipment if they break down.
* Garagekeeper's liability insurance: Covers the costs of damage to other people's property while it is stored in your garage.
The cost of commercial insurance for snow plow and ice removal contractors varies depending on the type of coverage you purchase, the size of your business, the number of employees you have, and your claims history. It is important to shop around and compare quotes from multiple companies before purchasing commercial insurance for your snow plow business.
Here are some tips for finding affordable commercial insurance for your snow plow business:
* Bundle your policies: Bundling your auto liability insurance, uninsured/underinsured motorist insurance, collision insurance, and comprehensive insurance can help you save money.
* Increase your deductible: Increasing your deductible can also lower your premium. However, it is important to make sure you can afford to pay the deductible in the event of a claim.
* Pay your premium in full: Some insurance companies offer discounts if you pay your premium in full.
* Shop around and compare quotes from multiple companies: It is important to compare quotes from multiple insurance companies before purchasing commercial insurance for your snow plow business.
