INSURANCE

Public Liability insurance 

A horticulture business requires public liability insurance to safeguard against lawsuits alleging their commercial operations have caused personal harm or property damage to a third-party. 

With the right Public Liability Insurance, the reputation and financial stability of a horticulturist’s business is preserved allowing the business to operate with confidence knowing they’re covered for payment of court expenses, compensation charges and specific fines and penalties. 

Examples: 

For an arboriculture business, public liability insurance helps safeguard against the following examples: 

• Public Injury: If a bystander or subcontractor sustains injuries from machinery or falling branches or if a third-party trips over equipment, tools or debris left on site. 
• Property Damage: If a tree or branch falls causing damage to property belonging to a customer, neighbour or third-party. 

Sums insured available: 

• $10,000,000 
• $20,000,000 
• $25,000,000 
• Arrangement can be made up to $50,000,000 
• Cover for financial loss up to $500,000 
• Statutory liability up to $2,000,000 

Professional Indemnity Insurance 

Professional indemnity insurance is necessary for horticulture businesses to safeguard against allegations of carelessness, mistakes, or omissions in the professional services they render (such as professional advice on tree health and care, vegetation management or landscape design).  

Examples: 

• Incorrect advice: Giving a customer incorrect advice on how to care for their plants resulting in financial loss, harm to the environment or unanticipated safety risks. 
• Design flaws: Errors in landscape architecture design that require rectification at great expense. 
• Contract disputes: Problems resulting from failure to live up to expectations or duties under a contract. 

Mobile Equipment & Plant 

For the horticulture and arboriculture industry, machinery and equipment insurance is crucial for guaranteeing business continuity, shielding valuable assets from numerous threats, and offering financial protection in the event of theft, damage, or loss. 

Important Coverage 

• Property Damage: Provides coverage for actual physical harm caused by vandalism, natural disasters, accidents, and other risks to mobile plant and equipment. 
• Theft: Provides protection against equipment loss brought on by theft, allowing you to replace stolen goods without suffering severe financial hardship. 
• Third-Party Liability: This insurance helps pay for legal fees and compensation claims by offering coverage for harm or damage caused to third parties. 
• Own damage: covers unregistered plant equipment for the damage to the item itself. 
• Breakdown: Protection against mechanical or electrical failures is provided by breakdown cover, which is essential for keeping up horticultural and arboriculture operations. 
• Transit Coverage: Provides protection against loss or damage to equipment during transit between locations. 

Tools of Trade / General Property Insurance 

The purpose of horticultural and arboriculture tools of trade insurance is to safeguard the necessary instruments and machinery utilised by experts in these domains. This kind of insurance minimizes downtime and financial loss by protecting you against a variety of dangers and guaranteeing that, in the event that your tools are damaged, lost, or stolen, you may promptly replace or repair them. 

Personal Accident & illness Insurance 

Personal accident and illness insurance for horticulture and arboriculture is designed to provide financial protection to individuals working in these fields in the event of accidental injury or illness. This type of insurance is particularly important for workers in these industries due to the physical nature of the work and the potential hazards involved. 

Disclaimer: Terms, conditions, limits and exclusions apply to the products referred to above. You should consider the relevant Product Disclosure Statement, available by calling us on 1300 509 548 before deciding to acquire, or continue to hold, this product. Aviso Specialty Insurance & Risk Advisory, ABN: 25 050 242 914 | AFSL No: 244386

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