Insurance Compaines

[Petr51488]

I'm looking for a few good insurance companies. I'm looking for 1/2 mill to 1 mill liability coverage for the business. I'm 18. What would they charge me? Any tips on what to say to get a better rate? I'm sticking strictly with lawn mowing. Can you guys give me a couple names with what type of coverage you have and how much you pay a year?

[rodfather]

We use a broker. They represent many insurance companies. I have one for business, one for vehicles, and another for wc.

[Grn Mtn]

Being that your 18 that is going to hurt you.
Being that you only mow lawns, that is going help you.

All the sweet talking in the world ain't gonna make a difference. Insurance companies use really complicated formula's to figure out how to suck you dry: ex. "So Mr. X, how many times to you breathe on wednesday? And your mother's maiden name? Lastly, there will be 4 full moons this coming year so your total will be $$$$$:hammerhead: :cry: :laugh:

Seriously, Only listen to response of apples to apples: 18-23 year olds who only mow (residential).

Commercial will bump up premiums--more liability.

[Petr51488]

Being that your 18 that is going to hurt you.
Being that you only mow lawns, that is going help you.

All the sweet talking in the world ain't gonna make a difference. Insurance companies use really complicated formula's to figure out how to suck you dry: ex. "So Mr. X, how many times to you breathe on wednesday? And your mother's maiden name? Lastly, there will be 4 full moons this coming year so your total will be $$$$$:hammerhead: :cry: :laugh:

Seriously, Only listen to response of apples to apples: 18-23 year olds who only mow (residential).

Commercial will bump up premiums--more liability.


Yea, i plan on only doing residential. Ill stay away from the commercial for a few years. Has anyone ever heard of Erie Insurance? Are they any good?

[rodfather]

Lots of guys here use Erie with good remarks as well. Unfortunately, they don't cover guys in NJ.

[Grn Mtn]

What I ended up doing to find mine was to call about 15 companies in the yellow pages, request quotes from the internet, and asked my friends in the business who they had.

For me the deal breaker was commercial plowing, not many companies touch it + insuring in NY is a royal pain so I ended up with 4 companies responding with quotes 2 were $10K+ and 2 were $3K+. So I asked the 2 lower priced companies for more info. One clearly understood how to insure business--this is important, make sure the person handling your account specializes in commercial insurance. That broker ended up using Peerless to insure me with 2mil GL + commercial auto with equipment and rental coverage. I pay about $3400 for the year, but that info is pointless to you because of what I have previously mentioned. (Age, State, Type of Business, When its a full moon:laugh: )

[Petr51488]

Anyone else?

[scagchevy4life]

i am only 17 and gettign libability.. its soo cheap..
1.3 million = only $350 a year!
good ****
i have 60 lawn jobs too. they didint care...

[palawnman]

i am only 17 and gettign libability.. its soo cheap..
1.3 million = only $350 a year!
good ****
i have 60 lawn jobs too. they didint care...

I was always under the impression that you couldnt get business insurance if you were under 18.

Anyways, I just signed up with Erie, and talked at length with my agent about it. Because I thought that I got such a good price on the insurance I was kind of skeptical. The way she basically explained it is, Erie saw a way to make insuring businesses cheaper and still make a profit on it. Each insurance company usually has their niche. From what I hear Progressive is one of the best for motorcycle insurance, Erie is one of the best for commercial insurance, etc. Its hard to find one company that is the best for all your needs. If you do talk to an erie agent, ask about the 5 star contractors policy, thats probably your best bet. I have also heard that Ohio casualty is also pretty reasonable. Good Luck.

Ron

[Petr51488]

Thanks guys.. Yea, how do you have insurance at 17? Is the business in your parents name? Also, I was told erie isn't in my state. I tried Safeco insurance. I will call a few tomorrow...

[grassyfras]

Why does everyone think if your under 18 you can't get stuff. If you think its because of contracts there are ways around it. Pre-paying always works or backing it up with a credit card ussualy works.

[Soupy]

Erie is a good company, and they don't raise prices every year either. Unfortunately I doubt they will insure an 18 yr old or any first year business. They have low rates, but are extremely picky. They want prior experience.

I pay around $300 for 1 mil/2mil lawn care policy. It doesn't matter if you only cut grass, they will most likely put you in a category and everything in that category will be covered. Lawns apps and lawn mowing are covered under lawn care, but landscaping, gutter cleaning etc are not. These are just examples you should ask your carrier what your policy covers.

As to commercial costing more.. This is true if they require the higher coverage, but if I remember correctly (it's been years) it only cost me $50 yr to double my coverage from $500,000 to $1 mil. Other then that I don't think it matters if you cut residential, commercial, White customers, Hispanic, customers or all of the above.

No matter what insurance you choose, if you plan on insuring your hand equipment too see if they have a contractors policy. Erie has one called 5 star that covers any and all hand tools for $5,000 total. This would be good to have if your whole rig got stolen. Your air tank and every little tool you carried (air tank, cordless impact, etc.) would be covered and would not require an individual policy like the large equipment does. Other then that it would seem useless to list each small item including trimmers under an individual policy because you wouldn't want to claim a single item anyway. But you never know if several things will disappear at once and for a few dollars a year you might be able to get a contractors policy.

[rodfather]

I have also heard that Ohio casualty is also pretty reasonable. Good Luck.

Ron

that is who we insure with

[scagchevy4life]

i am with my parents in auto insruance.. i think what it is is that they are adding this to my parents policy like as if it were another car... not too sure how that works.. only a guess...

[Pabst]

please tell me the insurance comp.Name and phone?website?