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View Full Version : Got an insurance quote, this sound about right? -South Carolina-


airsoft1779
03-17-2011, 06:30 PM
I am in need of insurance, and in a hurry to get it. I got a quote from Nationwide and they gave me the following for general liability insurance. If I understood right, it would cover the clients properpty and everything on it, and any other people that may get injured. Basically everything I might need. I am just starting out and it is just me working. The quotes were

$500 a year- $100,000
$525 a year- $300,000
$600 a year- $1,000,000

Do these sound about right? And what other coverage might I need? I am doing residential and one HOA.

Thanks alot!

SouthSide Cutter
03-17-2011, 06:37 PM
Sounds high to me. Had mine with Farmers last year and Farm Bureau this year and 2 million liability was around 200 with each. I got 35,000 in coverage, weedeaters, blowers, mowers and trailer and 2 million liability for 708.00 a year. Hope this helps.

kirkmbrown2001
03-17-2011, 07:41 PM
It also think it sounds a little high! As for which one to choose, if you are doing a HOA, without a doubt, go with at least a million, maybe more!

fireman gus
03-17-2011, 08:11 PM
SouthSide Cutter am sending you a PM

airsoft1779
03-17-2011, 09:42 PM
Ok this helps. I'll keep looking and get some more estimates. Do you think it would be better to use a big, nationol insurance company like Nationwide, State Farm, etc. or use a smaller company, like one that is personnaly owned?

walker-talker
03-17-2011, 11:31 PM
I have State Auto. 1 mil for $439 a year.

grincon
03-17-2011, 11:41 PM
I have a 2 mil. policy. City and commercial jobs usually ask for minimum of 2million in coverage

Cajun Cleanin'
03-18-2011, 01:54 AM
Sounds about right to me.I pay 667 a year for 1 million and all equipment is covered for loss theft and fire.

BaxtersEssentialLawnCare
03-18-2011, 09:08 AM
airsoft what part of south carolina are you in? I pay like 590-650 something like that for 1 mil. So I would say that they are about right, I went thru allstate and they wrote it thru the hartford.

Brodie
03-18-2011, 09:24 AM
I'd look for cover no less than a million. Comercial jobs will require you to have a higher coverage level.

Also look into what other things are covered. I know when getting my insurance one of the things that made me go with the coverage I have now was the glass insurance. If I was to hit a window and break it the excess I pay for that is significantly less than if I was to damage something else. Have a look to see if you can get any little things like that.

But for the coverage you have given us the prices seem a bit high.

airsoft1779
03-18-2011, 10:38 AM
Ya it includes broken windows, dented cars, anything that i break or abuse on the property. It also covers the people on the property to, so if they somehow get injured, im covered. only thing it doesn't include is fire and theft i think.

And I am in Greenville, SC.

I've gotten alot of different responses, so I think I will just keep looking and get a few more quotes to see what the going prices are.

Thanks

TMlawncare
03-20-2011, 12:22 AM
Liability insurance rates are based off from gross revenue, types of maintenance, # employees, etc. It is going to vary from company to company. That said mine with 1.5million general liability with snow removal and a pesticide waiver was $1100/year.

vencops
03-20-2011, 05:55 AM
I've got $1M/$2M coverage....with $30K replacement on my equipment.....for $609/yr.

Yours sounds high.

DA Quality Lawn & YS
03-20-2011, 01:35 PM
Price seems high for $1mil.
OP - do you just mow, or do chems as well. Chemical exposure will jack the premium quite a bit.

I pay about $375 for $1mil with coverage for mowing, landscaping, and application of chems.

wild willy
03-20-2011, 02:10 PM
I am paying 1200 yr for 2mil 1000 deductible...thats the way it is up here

TMlawncare
03-20-2011, 02:34 PM
If you add snow removal and chemical apps to your liability ins. it will add roughly $300 for each of them. Thats on a $1.5million policy. If you really want your insurance to skyrocket, tell them that you also do tree removal.

grassyfras
03-20-2011, 04:17 PM
I don't know how you guys get these quotes. I'm a solo operator looking to add one guy this year and I am paying around a $1000 for 1 million with no equipment coverage besides a new enclosed trailer. I then pay around $1200 for commercial auto. I have a 1/2 ton 5 year old truck if that matters. I was quoted $2800 for workers comp on myself and employee in addition for when I hire on the new guy.

walker-talker
03-20-2011, 04:42 PM
I have a 1991 Isuzu NPR with a 14' dump bed and only pay $444 a year. But, it's 20 years old and probably does make a difference.

airsoft1779
03-20-2011, 11:59 PM
well maybe it is high because im 17 years old? idn, but this price seems about normal around here. I have tried other places and this is the only place that will insure me due to my age...

precision8m
07-10-2012, 11:44 PM
Are you having everything covered properly? Your truck and trailer should be covered under a commercial auto policy and you should have coverage for your mowers and other equipment as well as general liability for accidents that could happen on the work site. I pay more than most of these people have mentioned, but the peace of mind is well worth it. Before I started a business policy, I was constantly worrying about some sort of accident happening and my personal auto policy coverage being denied because I was using a personal vehicle for work.

Anyway, make sure you have sufficient coverage. 1 Mil minimum.

Mikegyver
07-11-2012, 01:39 AM
Price sounds about right. The price is not really based on the policy amount (for me it was the same price for 300k or 1 mil) but rather is based off of payroll.
Where it really gets fun (expensive) is when you add irrigation and other similar class codes. my insurance went through the roof.

green connect
07-14-2012, 06:23 PM
That's way high. Used to sell commercial insurance to contractors in the past (in between wives). Since you are a business he should only have quoted you $1 million (no less). The premium is based on annual sales and should have been a minimum premium (the lowest amount for lawn or landscaping class code), since your sales are probably low (at this point). All insurance companies are huge, just because you only see certain ones advertised don't think anything else is a small company. You see NAtionwide, Allstate, Farmers, etc.. advertised most because they focus on home owners personal insurance more than anything else. I would stay away from those companies, since the agents typically don't focus on business insurance and don't always set you up properly, which is very important the first time you need it!

clydebusa
07-14-2012, 06:28 PM
I have a 2 mil. policy. City and commercial jobs usually ask for minimum of 2million in coverage

Same here, 2.5 mill, 100k on equipment 150 deductable runs me 1700 a year.