If you’re making final preparations before your company’s busy time of year this spring or summer, it’s the perfect time to evaluate your current insurance coverage. Columbus, Ohio-based Grange Insurance offers four important considerations for seasonal employers to address before business starts to peak.
1. Am I planning to hire any seasonal employees?
Landscaping companies, construction companies and several others hire millions of seasonal workers each spring and summer. If you’re planning to hire any seasonal employees, including teens, be sure to minimize your risk and properly train all of them on necessary safety procedures. These procedures may include steps to avoid injury and damage to company property.
Review your workers compensation insurance with your agent to be sure that payroll estimates are up to date.
2. Have I purchased any new equipment within the last year?
This may seem like a simple question, but often when people purchase new equipment at the end of a season, they forget to secure the appropriate insurance coverage for these items. After you’ve confirmed these new pieces of equipment are insured, also check to make sure the coverage you do have has relevant limits. Talk with your independent agent if you are uncertain as to what your policy covers.
3. Am I planning to bring a vehicle or other piece of equipment out of storage?
If so, consider taking these vehicles or other pieces heavy equipment to be serviced before you put them back out on the road. Proper service and maintenance can significantly reduce accidents and other safety hazards. And, if any of these vehicles and the tasks they perform are more specialized, you should also double-check with your agent to make sure you’re adequately covered. Non-traditional equipment like tow trucks, gravel hauling equipment or construction equipment may not be covered under a standard policy. Discuss your vehicles and any special equipment attached to them with your agent to be sure you have the correct insurance in place.
4. Have I checked my buildings and various properties for winter damage?
Early spring is the best time to check any buildings or other structures for winter damage. Consider taking a walk around all your properties in an attempt to locate any roof damage, gutter blockages or any other potentially dangerous situations. If you identify any potential issues, address them with your insurance agent immediately.
Call your agent at Insurance Planning Service to review your business policy to make sure it includes everything you need for your seasonal businss. Call today at 800-220-5582 or use our online contact form.
Excerpts courtesy: Grange Insurance newsroom