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View Full Version : How much insurance coverage?


jaybow
10-21-2008, 01:51 AM
I was wondering how much insurance coverage most commercial accounts require you to carry on your liability insurance.

dura to the max
10-21-2008, 02:02 AM
1 million is the normal around here, and i think its about the norm nationwide.

jaybow
10-21-2008, 02:08 AM
1 million is the normal around here, and i think its about the norm nationwide.

How much are you paying every six months.

dura to the max
10-21-2008, 02:15 AM
mine is yearly, and i think its about 1k...not really sure though

Scgentlman1
10-21-2008, 03:27 AM
My coverage cost me 57.00 a month for 1 million dollars @ also includes 18,000 dollars theft on equipment.

Richard Martin
10-21-2008, 03:58 AM
$66 a month for 1 mill liability and 20 thou equipment.

J & D Greens
10-21-2008, 07:55 AM
Shopped around got it for 450.00 a yr. 1 million liability, rental equip. cov. and $4,000 equipment. I know its not much coverage but I'm small right now.
Just 20 accounts.

b121774
10-21-2008, 08:17 AM
Mine is $2600 a year but it's based on payroll?! 3 employees at $80,000 on average a year. It also includes coverage for pesticide apps. but nothing for equipment. That is a seperate policy and that is $500 a year. Probably cause I'm in CALIFORNIA.

AdamChrap
10-21-2008, 09:02 AM
We have 2 Million cost is about $2000 a year

garnersgardening
10-21-2008, 10:06 AM
Look up Hortica Insurance. They are an industry specific insurance they had the best to offer when I opened this year

brandtb1
10-22-2008, 10:15 AM
You need the one million on GL and usually about 500k on auto liability. The rates on GL are based on payroll, so it you do not have any help, it should run about 500 per year. It will be more with equipment and the business auto is based on your truck, but it should run about 1000 per year. If you are a sub for another company on these projects, they will want you to have workers comp coverage also. That is based on payroll, so I cannot guess what it would run