Snow Plowing Insurance in Vermont
What is Snow Plowing Insurance?
Running a snow removal business can be a profitable endeavor, but it comes with considerable risk as plow equipment is expensive and drivers regularly work in non-ideal conditions. Snowplowing insurance helps snow removal businesses in Vermont financially protect themselves from many of the risks they face.
Snow plowing insurance is a specialized form of commercial insurance that’s designed to meet the unique needs of snow removal businesses. Policies are usually underwritten as package policies, which means they come with several coverages that work together to provide robust protection.
What Businesses in Vermont Need Snow Plow Insurance?
Most businesses that provide snow removal services in Vermont ought to have snow plow insurance, for few businesses are free of risk and this is generally the best way to insure these types of businesses.
Some specific examples of businesses that may need this type of policy include:
- Individuals who plow driveways for paying customers
- Companies that offer commercial and/or residential snow removal services
- Landscapers who offer snow removal during the winter months
Do Drivers Need Snow Plow Insurance When Plowing Friends’ and Families’ Driveways?
When plow owners plow driveways and shovel sidewalks for neighbors, friends and family members without charging, snow plow insurance generally isn’t necessary. As long as the plowing isn’t provided in exchange for monetary or other compensation, the activity is usually covered under a personal auto policy that provides adequate protection for the plowing vehicle.
Should drivers charge anyone for snow removal services, however, the service is normally regarded as commercial activity and a commercial snow plow policy is likely necessary. This is true even if the paying customers are close neighbors, friends or family members.
Drivers who are unsure whether their plowing activity warrants a commercial snow plow policy should speak with an insurance agent who specializes in this type of coverage. A specialized agent will be familiar with the nuanced differences between personal auto policies and commercial snow plow policies, and they can direct drivers toward the kind of policy that’s most suitable for their situation.
What Coverages Does Snow Plow Insurance Provide?
There are many different coverages that snow plow policies may offer, and companies can usually select the coverages that are right for their situation. Some of the more frequently selected coverages include:
- General Liability Coverage, which might protect a business against common (usually non-auto) accidents
- Commercial Auto Coverage, which might protect company-owned trucks, plows and other equipment
- Commercial Property Coverage, which might protect other company equipment and owned buildings
- Business Interruption Coverage, which might offer supplemental payments if operations cease following a disaster
- Commercial Umbrella Coverage, which might offer supplemental liability protection for expensive lawsuits
Do Snow Removal Companies Need a Snow Plowing Policy During Summer?
The insurance needs of snow removal companies typically change in warmer months when there’s no snow to plow. They usually don’t need all of the same coverages that are appropriate when drivers are plowing driveways and parking lots.
Completely canceling a policy, however, can leave a business exposed to risk if their equipment is damaged. In some situations, canceling coverage can also create a gap in protection that may lead to higher insurance premiums in the future.
Instead of completely canceling a policy, companies should work with a knowledgeable agent to adjust their insurance coverages before and after each winter season. An agent can help companies alter their coverages for the warmer months so that their premiums are lower but they still have the protections that should be in place. Before the first snowfall, the agent can also help readjust coverages for the next plowing season.
How Can Companies in Vermont Get Snow Plowing Insurance?
If you have a snow removal company that needs insurance, contact the independent insurance agents at T.S. Peck Insurance. Our agents have worked with many plowing companies in Vermont, and they have the expertise necessary to get your company a robust snow plowing insurance policy.