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CleanCutMowers
04-11-2007, 11:19 PM
I am looking at a few accounts and they want insurance so...How much coverage do you guys carry? How much does it run? And what is some more pointers on insurance. Also how much more do you charge if they require it? Thanks!

bohiaa
04-11-2007, 11:36 PM
most Commercial accounts. require you prove you have a million dollars in insurance

AllProLC
04-11-2007, 11:55 PM
For 1 million on a start up business that has never been insured before, you are looking at around $500.00 per yr. After a yr or 2 of doing biz& being insured could probably get for quite a bit less.

hackitdown
04-12-2007, 07:02 AM
I have 2 mil. overall, 1 mil per incident, $25K equipment coverage, plus lost wages (if the equip is stolen) for about $1,000 per year.

DAR57
04-12-2007, 07:44 AM
If you don't mind saying- who are your carriers? I am paying $1098/yr for million liability, $1000 deductible/ $15000 for equip. (Not enough to replace anything, but I believe you can be insurance POOR!)

THEoneandonlyLawnRanger
04-12-2007, 10:31 AM
I have mine through ERIE insurance, 1 million coverage with also property damage for around 380/year. Its my first year with insurance also

bigmudder77
04-12-2007, 11:22 AM
i have 2 million and $10,000 worth of stuff on my trailer (not including the trailer thats with my auto) and it runs me about $425 the year and i have to pay at least 25% of that up front then i can pay the rest by month. but i payed it in full

zz4guy
04-13-2007, 02:15 PM
I have 1 million coverage for about $300/yr. My truck is what kills me at $400/yr + $50/yr for the trailer. And that is only liability. I am going through United Fire here in Iowa.

GSPHUNTER
04-13-2007, 02:47 PM
This is going to vary by area, so keep in mind where people are from when they are telling you their rates.

Ecoscape01
04-13-2007, 03:12 PM
I have mine through ERIE insurance, 1 million coverage with also property damage for around 380/year. Its my first year with insurance also

I had no professional experience going into this year and as long as I agreed to transfer my auto policy to Erie (which they saved me almost 50% anyway - yes that's what I said FIFTY PERCENT) and with no employees, I'm payin 264 for the year. I don't have a lot of expensive equipment to insure though so that makes it a little cheaper.

Duekster
04-13-2007, 03:18 PM
Here is the information on your Workers Compensation and General Liability Coverage:



WC Classification: Landscape Gardening & Drivers $ 7.97 – Rate per $100 in Payroll


GL Classification: Landscaping w/ Office, Shop & Storage Yard $39.188- Rate per $1,000 in Payroll

My comp will go down in my third year of carrying it.

TLS
04-13-2007, 03:28 PM
Insurance rates are based on your credit rating.

THEoneandonlyLawnRanger
04-16-2007, 08:14 AM
I have mine through ERIE insurance, 1 million coverage with also property damage for around 380/year. Its my first year with insurance also


Just got my policy today they quoted me wrong.....its only 295 a year, cant beat that

underH2Ovideography
04-16-2007, 10:20 AM
so gettin a business insured is just like insuring a truck? you just call em up, and tell them what you want? does anyone get turned down for insurance?

GSPHUNTER
04-16-2007, 10:44 AM
Some companies won't insure a business that has never carried insurance. You could be declined if your credit is really bad. There is usually a market out there for every situation though.