Tree Service Insurance Cost
Get the facts on tree service insurance costs specifically for ground-level tree trimming. Since this coverage applies only to trimming from the ground, it generally comes at a lower cost. Your rates will be influenced by factors such as business size, location, and past claims.
It’s important to note that tree trimming above the ground is considered a higher-risk activity, which leads to higher insurance costs. Currently, we only offer coverage for ground-level trimming.
Compare providers and secure the right coverage with Insurance Canopy!
How Much Does Insurance Cost for a Tree Service Business?
Tree service insurance cost starts at just $31 per month or $336 per year at Insurance Canopy. Compared to the average cost of tree service insurance of $1,650 per year, our rates offer savings while still giving your business the solid protection it needs.
Most Popular Tree Service Insurance Policies (+ their cost)
Here’s a quick look at the key policies that every tree service business needs and their costs.
| Our Lowest Price | Industry Average | |
|---|---|---|
|
General Liability Insurance |
$336 / year |
$550 / year |
|
Tools and Equipment Insurance |
$155 / year |
$350 / year |
|
Additional Insureds |
No Cost |
No Cost |
|
Cyber Liability Insurance |
$99 / year |
$260 / year |
**based on the median cost of policies for tree service insurance bought with Insurance Canopy.
How Your Number of Employees Affects Pricing
Your employee count can directly impact your insurance premium. Here’s a quick guide to how it scales based on the number of employees:
- 1-3 employees: Base price
- 4 Employees: Add $8.75/month or $105.00/year
- 5 Employees: Add $17.50/month or $210.00/year
General Liability Insurance
If a client is hurt by falling branches or property gets damaged during your work, general liability can help cover medical costs and legal fees. Keep in mind, it only covers third parties—your clients and their property—not you or your team.
| Coverage | Lowest Annual Cost / Lowest Monthly Cost |
|---|---|
|
$500K Per Incident / $1M Per Year |
$336 / $30.50 |
|
$1M Per Incident / $2M Per Year |
$411 / $36.75 |
Tools and Equipment Insurance
Protect your tools, protect your business. Tools and equipment insurance—also known as inland marine coverage—keeps your gear safe from theft, damage, or accidents.
| Limits (Occurrence / Aggregate) | Lowest Annual Cost / Lowest Monthly Cost |
|---|---|
|
$5,000 |
$155.00 / $12.92 |
Additional Insureds
Adding additional insureds gives your clients and landlords a little extra security. For example, if you’re doing work at a client’s property and a passerby trips over a pile of clippings, falls, cuts their hand, and needs stitches, they might name both you and your client in a lawsuit to recover medical expenses.
As an additional insured on your policy, your client can be covered by your insurance for claims arising out of your work. It’s not uncommon for commercial clients to require this before awarding you work, and with Insurance Canopy, you can add additional insureds right from your dashboard, 24/7.
Price per additional insured: Free
Workers Compensation
Workers compensation steps in to cover medical bills and lost wages if a crew member gets injured on the job. This way, you can focus on getting them back on their feet without stressing over the financial side of things.
Because workers compensation laws differ from state to state, your coverage limit depends on your state’s specific statutory requirements.
Employers’ Liability Coverage Limits
The maximum coverage for damages resulting from bodily injury by disease for any number of employees.
$1,000,000 Policy Limit
The maximum coverage for bodily injury to one or more employees in any one accident.
$1,000,000 Each Accident
The maximum coverage for damages resulting from bodily injury by disease for any number of employees.
$1,000,000 Each Employee
Cyber Liability Insurance
Using digital tools to manage your tree service business? Whether it’s collecting client emails or storing addresses, cyber liability insurance has your back. It covers costs like:
- Data breach notification costs
- Customer data loss
- Ransomware and cyber extortion
- Legal fees
- Business interruption fees
|
Monthly Premium |
$8.25 |
|
Annual Premium |
$99.00 |
|
Coverage
|
$100,000 Cyber Coverage Limit
including $50,000 in E-Theft Coverage
|
Factors Affecting Your Tree Service Insurance Costs
Here’s a breakdown of the factors that can impact your tree service business insurance cost:
Size of Your Business
More hands on deck means more exposure. More employees and clients can lead to more claims and higher liability risks
Location
Tree service insurance costs can shift based on local factors like weather risks and local regulations.
Claims History
A history of frequent claims might make insurers view your business as a higher risk, which could lead to increased costs.
Coverage Limits
Want extra protection? Be ready to pay more. Finding the right balance is key—too little coverage leaves you exposed, while too much coverage might mean overpaying.
Additional Coverages
Add-ons are essential for extra protection, but they also increase your bill. Weigh the benefits to see which ones are worth the spend.
Tips for Saving on Tree Service Insurance
Want to cut your tree service insurance cost without cutting corners? These tips will help you find the best value and keep your tree service insurance cost in check:
Pay Annually
With Insurance Canopy, you can choose to pay less up front and opt for monthly payments or save by prepaying annually.
Review Coverage
Scale back on unneeded add-ons and adjust your coverage levels to keep expenses in check without losing crucial protection.
Boost Safety
Upgrading safety measures doesn’t just protect your team—it also shows insurers you’re a lower risk, potentially lowering your premiums.
Compare Options
The best coverage for your tree service company might not be the plan that costs the least. Look for the right combination of comprehensive coverage, high-quality customer service, a highly-rated carrier, and a competitive price.
Maintain a Clean Record
A clean claims record can help lower your premiums. When insurers view your business as low-risk, you’ll snag better rates.
Get Insured Fast with Insurance Canopy!
Forget the hassle and grab unbeatable rates from Insurance Canopy. Secure your tree service insurance today and watch your business soar!
Allison Kirschbaum | Copywriter
Digital Content Specialist, Allison Kirschbaum leverages her experience in providing in-depth content such as blogs, whitepapers, and downloadables about insurance, liability, and the challenges small businesses face every day. Before working at Veracity, Allison freelanced her copywriting skills, including optimizing rankings and generating leads across various sectors. She is now fully trained on Insurance Canopy’s products and helps small business owners navigate their insurance needs.
Digital Content Specialist, Allison Kirschbaum leverages her experience in providing in-depth content such as blogs, whitepapers, and downloadables about insurance, liability, and the challenges small businesses face every day. Before working at Veracity, Allison freelanced her copywriting skills, including optimizing rankings and generating leads across various sectors. She is now fully trained on Insurance Canopy’s products and helps small business owners navigate their insurance needs.
Kyle Jude | Program Manager
Kyle Jude is the Program Manager for Insurance Canopy. As a dedicated program manager with 10+ years of experience in the insurance industry, Kyle offers insight into different coverages for small business owners who are looking to navigate business liability insurance.
Kyle Jude is the Program Manager for Insurance Canopy. As a dedicated program manager with 10+ years of experience in the insurance industry, Kyle offers insight into different coverages for small business owners who are looking to navigate business liability insurance.
