Since slip-and-fall claims have become as popular as owning a mobile phone, strive to reduce the risk of it happening to you. Take the time to identify, assess and minimize any potential dangers on any property you’re clearing. ![]() Speak to a licensed broker before inking client contracts to understand what you are covered for and what may prove problematic. A loosely worded contract may place almost any slip-and-fall mishap on you, exposing you to greater risk than an insurance company is prepared to accept. Before signing off on a snow and ice clearing contract with a commercial client, be sure you don’t agree to accept more liability than you reasonably should. Moreover, buying an annual policy that covers snow removal operations in the winter and landscaping in the summer tends to be more affordable and easier to obtain than seasonal insurance contracts. Before you drop several thousands of dollars on snow clearing equipment, make sure it’ll be a worthwhile investment by getting insured and signing up clients first. Nevertheless, here are a few tips for contractors to mitigate their risks, get insured, and avoid being subjected to a third-party bodily injury lawsuit. Here’s a cold, hard fact: Getting a snow removal insurance policy for the forthcoming winter will be difficult and more expensive than you would like. Tips for reducing your snow removal operation’s liability That leaves snow removal businesses, which range from small one-person operations clearing residential driveways and walkways to large subcontractors plowing commercial properties, roads and highways, in a real bind. The Insurance Bureau of Canada estimates commercial liability coverage claims that include ice-slipping incidents increased by 108 per cent between 20, rising from $2.4 billion to $5.1 billion. There’s been a dramatic rise in the number of slip-and-fall lawsuits in recent years, resulting in insurers operating at a loss and prompting many to hike their rates or stop offering coverage altogether. What’s fuelling the problem is our increasingly litigious society. ![]() But the cost of insuring snow and ice removal operations has been climbing for a couple of decades. Inflation and a challenging economic environment are why insurance rates are ratcheting up currently. Although we’re still enjoying summer’s warmth, it won’t be long before contractors with snow clearing businesses face the chill of paying wildly expensive premiums or be forced to freeze their operations. The cost of snow removal insurance coverage in Canada soared to new heights in 2021. While there is no simple answer, there are ways for contractors to mitigate their risks, get insured and avoid being subjected to a third-party bodily injury lawsuit. The cost of insuring snow and ice removal operations has been on the climb for a couple of decades.
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