toscottm
ArboristSite Member
I have a new company this year and employ one or two part time helpers at an time. My insurance covers up to 5K for injury for one full time employee. I have a safety manual that every employee signs stating that he has been trained in the use of the equipment and that he is ultimately responsible for his own safety. That policy also covers 1 mil in liability for the customers property and my equipment.
Is this enough for a small company?
CwbyClmr;
There is no such thing as 'enough' insurance for a small company. Big company or small company, what is going to be the difference? The 'sorry we killed someone but we are just a small company' defence is not a legal effort likely to be very successful. Of course, that would be for a judge and jury to decide.
My suggestion is that you do a 'risk assessment'. An insurance broker experienced in issues related to arborists can help you. In the U.S., contact ArborMax or TreePro. In Canada, TREESURE (see: www.treesure.ca). These risk experts will review your operations (you do not say what type of work you do - felling & removal, consulting, line clearing, etc.) and they can make suggestions on liability coverage including type and amount. Once their suggestions are made, as a business owner you can then make your decisions (based on affordability, etc.).
Best Wishes!
Scott