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o it grew landscaping
01-19-2006, 10:25 PM
i was just curios as to how much everyones insurance is, im pondering shopping for general liabilty ins. and was just curios as to how much im looking at before i have ins. sharks hunting me down giving me free qoutes.

krustyfire
01-19-2006, 10:43 PM
I got a qoute today from State Farm at $500,000 for $550.00 a year.

o it grew landscaping
01-19-2006, 10:46 PM
Thanks, that helps me alot, i thought i would be looking at thousands and thousands.

slicksilverado01
01-20-2006, 05:52 PM
I got a qoute today from State Farm at $500,000 for $550.00 a year.

wow I am paying $340 a year for $1,000,000 liabilty, $30,000 in equipment. that cover for 6 employees. (if that matters not really sure.)

lawn gonzo
01-20-2006, 06:01 PM
slicksilverado, which insurance company you getting that from? I hope its not State Farm, they dont offer GL policies in Texas, according to what I was just told today.

kc2006
01-20-2006, 07:37 PM
I got a price the other day from nationwide. 300K liability, 15,000 in equipment coverage, covers pesticide, no employee's $652 a year. I don't know if its high because I'm a newer company or because I'm younger. I'm going to check with Erie insurance, I hear they're a very good and affordable company. I'd rather have 500K or 1mil coverage.

olderthandirt
01-20-2006, 07:45 PM
wow I am paying $340 a year for $1,000,000 liabilty, $30,000 in equipment. that cover for 6 employees. (if that matters not really sure.)

Well were both here in Ohio I don't think theres any way your getting what you posted at that price. What company I'd sure like to check it out. Inland marines cost more that $340 for 30k coverage and I just checked witn most companys that insure an LCO. Please post the name and phone # of the company

Mr Budget
01-20-2006, 09:02 PM
300K liability for just under $400.00 a year in michiganpayup

cooksjr537
01-20-2006, 09:10 PM
1,000,000 from nationwide for 562 a year

MMLawn
01-20-2006, 09:13 PM
$10,000,000.00 GL, Pesticide Endorsement, plus full replacement cost on damage to building, theft of cash/checks/receipts and/or bank deposits, and $100K Inland marine theft coverage $1550 a year...Zurich NA

slicksilverado01
01-21-2006, 10:16 AM
Well were both here in Ohio I don't think theres any way your getting what you posted at that price. What company I'd sure like to check it out. Inland marines cost more that $340 for 30k coverage and I just checked witn most companys that insure an LCO. Please post the name and phone # of the company

my insurance is from Erie Insurance Group and the 340 is last years price. I dont pay for the whole year. I stop it when I stop mowing and I switch it to snow plow insurance. maybe that is why I am paying less?? plus being good friend with the agency helps. sorry no number cant find it at this time. and actually the year before I was paying 375 for the same thing then it went down last year ??

slicksilverado01
01-21-2006, 10:18 AM
olderthendirt which county are you located at?

start2finish
01-21-2006, 12:02 PM
most liability insurance is rated base on gross receipts or payroll in addition to the first charge. similar to Workmen's comp but rated per/1000 dollars instead of per /100 like WC

slicksilverado01
01-22-2006, 03:43 PM
most liability insurance is rated base on gross receipts or payroll in addition to the first charge. similar to Workmen's comp but rated per/1000 dollars instead of per /100 like WC

I never told my insurance what I make. really I dont tell anyone unless it is need ed to get a credit card for gas purpose only. but I have has the same insurance company for 4 years and never made any claims or used the insurance for something.

start2finish
01-22-2006, 04:44 PM
They do an annual audit of our records to find their premium. All of our insurance is based on payroll. They say that the more manhours/wages paid out the more risk we are. Basically we are on more jobsites doing more things if our payroll is higher. Each year is based upon the previous year.

hoyboy
01-22-2006, 05:21 PM
My current liability insurance is based on sales. Past companies I've used base it on payroll. W/Comp. is generally based on payroll.

Telling us how much you pay for g/liability is meaningless unless we know the other factors.

ooo
01-22-2006, 09:04 PM
I pay $300 and some odd change per year for 1000000 liabilty, 2000000 injury, 10000 tools, but i dont treat lawns and such.

www.matsoninsurance.com

olderthandirt
01-22-2006, 09:19 PM
They do an annual audit of our records to find their premium. All of our insurance is based on payroll. They say that the more manhours/wages paid out the more risk we are. Basically we are on more jobsites doing more things if our payroll is higher. Each year is based upon the previous year.

Exactly Im at a little over $3100 a yr now with inland marine. If they missed your audit they will catch up with soon and if you made any money be prepared to write a big check. If you don't pay it they will drop you and you won't get coverage again. Also I've been in contact with Erie and there rate were quite high compared to others, I asked about the dropping the landscaping part and just going with a snow plow endorsement. They prorate there premiums for 12 months so no discount, in fact they wanted a reinstatement fee in the spring.


Mike I'm gonna be contacting Zorich this wk, I take it that premium does not include company vehicles?

Rex Mann
01-22-2006, 09:58 PM
Our insurance is based on our sales, not wages.
We pay just over 5K a year right now, which is based
on sales of 1.5 million. We carry the max on our
vehicles and have a 1K deductible on auto and general
liability. We have a 1M with a 1M umbrella.

Peace,

Rex

http://PaversInstalled.Com

MMLawn
01-22-2006, 11:13 PM
Right Mac, that policy is GL only. My commercial vehicles policy is with Safeco.

DFW Area Landscaper
01-24-2006, 03:48 PM
It depends entirely on how strong the insurance lobby is in your state. In Texas, you will pay three or four times what you'd pay in Oklahoma, for example.

My rates for GL are 3.5% of payroll. Not cheap. For 2005, my GL cost me just under $2,600. The year before that, I was forced to pay the minimum, which was around $1,500.

Later,
DFW Area Landscaper

GrowinGreeninc
01-24-2006, 09:02 PM
Mike,
would you share with me who your agent is? i am in the proces of shoping ours now.jonathan@growingreen.com

KeystoneLawn&Landscaping
01-25-2006, 05:18 PM
I use Erie Insurance and for just 200,000 and 10,000 equipment its 440. a year....that includes the endorsement for pesticide/herbicide/fert applicator....my commercial auto is 712 a year for 300,000 and replacement cost of my 7'x16' enclosed...I did alot of calling around and that was the best I could find here in Erie PA

Royalslover
01-28-2006, 02:59 AM
I've been with my independent agent since I started in business 18 years ago. I'm a small solo op. I bought an old truck with a plow on it. I called to get insurance(liability on the truck with a snow plow rider and GL for snow), and it was going to raise my rates $1750 a year. I ended up going to State Farm for insurance on my two trucks and I went to Country Insurance for my buisness liability and snow plow GL. I ended up paying the same as I did before and I got insurance on the new truck and snow insurance. Moral of the story: Don't get cozy with your agent and don't be afraid to shop around every year.