Landscaping Business Insurance Cost

Many landscapers end up paying too much for their insurance because of one or more of the following reasons:

  • Their broker didn’t know which insurer was offering the best price for their insurance
  • They took advice from a mate who recommended somebody they knew
  • Their bookkeeper put them on to their “insurance broking mate”
  • Believed the story that all trades are a high risk and accepted high premiums are okay
  • Got advice from a generalist and not a specialist in trades.

CoverTradie insights below will clarify what Landscaping Business Insurance Costs should you be willing to pay based on the quotes we’ve observed from across the country.

We focused our review on Public Liability Insurance but there are other insurances that form part of the Landscapers Business Insurance program.

Landscaping Insurance Cost is a lot lower than Plumbers, Concreters, Electricians & Carpenters.

public liability insurance for landscape gardeners

How much does Landscapers Business Insurance Cost?

The cheapest premium we found for Landscapers Business Insurance was $496. There is a large range of prices available in the market. The table below displays the variation in the cheapest, average and highest prices we observed for comparative coverage insurance.

CategoryCost
Cheapest $ 496
Average $ 773
Highest $ 1293
1. Small business with an estimated turnover of about $100,000. Prices are for $20 million Public Liability Limit. Lower limits are cheaper but we’ve kept our research to $20M as thats the limit usually required if sub-contracting to other businesses. Source: CoverTradie Research

It is clear that there are plenty of savings to be made by staying away from not only higher priced policies but averagely priced insurance too.

Imagine how much more would you pay if your broker was not able to find the cheapest price but only something that was close average premium. You’d be paying a LOT! Let’s explore further.

Does the price change much from state to state?

There is some variation (within $100 at State level) but not a lot for Landscapers. Unlike other trades, say Plumbers in Victoria pay nearly twice as much as plumbers in some other states. For landscapers in Vic & NSW, you might pay a little more compared to those in SA, WA (let us get to that later).

Or Electricians in Queensland are a lot more expensive to cover compared to electricians in other states. Consumer protection legislation has an impact on sparkies and plumbers insurance there. But nothing much to report for carpenters.

The table below shows the cheapest, average and highest premiums for carpenters public liability insurance that we observed for a small business with $100,000 turnover.

StateCheapestAverageHighest
SA$496$1,085$2,314
WA$532$1,152$2,293
QLD$539$1,216$2,272
NSW$581$1,385$2,440
VIC$606$1,276$2,319

No matter what state you are in, there is opportunity to save if you are paying near the average premium or highest.

What happens to the price of insurance as your business grows?

You may be curious to know what happens to your insurance prices as your business grows.

Well, Regardless of what state you work in, as the business grows, the risk of claims also increases. Insurers know that and hence they increase the premiums as your business grows. See chart below:

landscape gardeners insurance cost

Why do insurers believe the risk increases as the business grows?

Now this could be due to you as a business owner getting super busy and getting caught up in too many things causing loss of focus that resulted in a claim.

For many business owners, it’s the apprentice supervision that is a problem. Its not uncommon to see the claims increase with increased number of staff and junior apprentices

The controls & risk management in a business that prevent claims and stuff-ups become strong over time. There is a period when they are weak which result in claims.

You can’t control what insurers think and how they price insurance. You can make a choice of insurer and your broker. That will save you money.

The importance of the above statement is further demonstrated by this chart below. It highlights that the cheapest polices save a lot of money in the long term.

There may not be a lot of increase to your insurance with your business grows from $100,000 to $200,000 but then a significant jump at $300,000. See chart below.

As your business grows, being on the cheapest policies will add even more to your bottom line. Notice how the premium of Cheapest Price Category at $400K turnover is lower than $200K turnover for the Average Price Category(redline).

landscapers insurance business growth

In all, select a broker who knows what they are doing so they can help you get where you want to – FASTER.

CoverTradie is a specialist insurance broker for tradesmen. If we can be of help to you, please give us a call. If you found this article useful, please consider sharing it on Facebook to help us get the word out.

Why is Landscaping Business Insurance Cost lower than other trades?

The simple answer is that its a lower risk occupation compared to many other trades. Insurers have been collecting claims data over the decades and note that this occupation has a lower number of claims.

Which insurer offers the best Public Liability Insurance for Landscapers?

This one is a very subjective question. Is it best in terms of price, coverage or claims service.  Where there is no variation in the policy coverage, obviously the lower the price the better it is for the customer.

CoverTradie always finds you the cheapest deal unless there is serious service issues from the insurer perspective that we may have experienced.

Every broker will have a different experience with different insurers that why you often hear them say “This insurer pays the claims.” It is important to note though that all insurers have to abide by the rules set by AFCA for any disputes that arise, which means that if there is a dispute and the policy wording has to cover a claim, insurers can’t get away with it. As you broker, we act as the go between anyway. We keep them honest. That’s our job. 

Which insurer offers the cheapest public liability insurance for landscape gardeners?

We are legally not allowed to disclose the name unless we are doing a quote for a customer. Please give us a call if you’d like to get a quote.

Can I pay my policy by the month?

Yes, with CoverTradie you can pay by the month. Give us a call.

CoverTradie