What does insurance cost?

[juststartin]

I am 16 and I am planning on cutting grass this summer with a walkbehind.What would liability insurance cost me? Any help would be appreciated:confused:

[J&R]

I'm in Georgia also. Heres my cost per year for Lib. ins $350.00 for 500,000.00 per claim. total 1,000,000.00 coverge per year

[juststartin]

J&R does the size of your business matter and if it does how many crews/emploees do you have? thanks

[AGG Lawn Maintenance]

I guess I need to move to GA. In New Jersey it very very high. I pay $4,000 on up. Travis:blob2:

[Popsicle]

Originally posted by AGG Lawn Maintenance
I guess I need to move to GA. In New Jersey it very very high. I pay $4,000 on up. Travis:blob2:

Four grand! Ouch! Mine is $600/yr for 2 mil (up to 1mil per occurrence, 2mil aggregate) and only $320/.yr for my bond!

[Barkleymut]

Just startin-- unless you are maintaining large commercials which require insurance I would not get it if I were you.

Before everyone starts stoning me just listen! You are 16, no one expects you will have insurance. If you are sued for $50 million bucks then a $50 lawyer will negotiate the settlement down to $10. There is just no need for commercial insurance unless you are bidding properties that require it.

BTW- my gen. liability runs around $1100/year. My truck insurance is about $1200/year. If I had personal insurance on my truck it would be around $600/year.

[1stclasslawns]

Well I have paid as high as 850.00 but it didn't cover pesticides what I have now covers pesticides and 1 million GL is $318.00 a year!!

Jim

[walker-talker]

$500 for 1 mil/ 2 mil agg.
You might check in your area for just 100K and see what that cost. It's not much, but doubt you need much and you can, at least claim that you are insured.

MATT

[tiedeman]

For me 1 million liability and 10,000 property $2,300 a year.

For workers comp about $1,100 a year

[greenman]

I pay around $800 to $900 per year for 1million/2 million with pesticide included. Last year was around $600 with no pest.

[MOOSE]

tiedeman, I think u got that switched around.

I pay $800 thru safeco for 1mil liability and $2400 for $35,000 for work comp thru Amerisure.

You need to check that.

Your best bet is too shop around and have a slip of paper that shows what the insurance carrier covers and for how much.

I'd shop around.. I did with my vehicle carrier and got very good preminiums. Other told me 1400 to 2200 for year full coverage. And I got it for $1260 a year.

I had a walkbehind stolen from my garage and my insurance company give me more then what I was expecting. 96' model 48" Ferris and I got $1800 clams.. And that was in Sept. of 2001

SHOP AROUND.

[tiedeman]

trust me I shopped around...that is the price...I went through about 2 dozen companies before I found that price which was the cheapest

[tiedeman]

one other thing that I learned about the insurance companies around here, which I thought was very interesting was the fact that usually around 5 or more companies in the area go through the same provider, so once you get an estimate from one of the companies another company can not get an estimate from that same provider because it is a first come first serve basis....pretty intersting huh!?

[MOOSE]

tiedeman, who's your work comp carrier. That's diffenitly a good price for work comp..
Like I said mine is $2400 for 35,000 coverage.

I work in the Bloomfield Hills area. I used to travel into Livonia to do site work for Consumers Energy.

[tiedeman]

Originally posted by MOOSE
tiedeman, who's your work comp carrier. That's diffenitly a good price for work comp..
Like I said mine is $2400 for 35,000 coverage.

I work in the Bloomfield Hills area. I used to travel into Livonia to do site work for Consumers Energy.

The Accident Fund is the carrier..of course it doesn't cover as high of income as yours. I am going to have to update again this year..and the early estimate is that its going to be around $1,300

[tiedeman]

what about your liability, where do you go through... I had to switch covers last fall and my price went up almost $1,100 from my previous carrier. My pervious carrier couldn't cover all of the services that I do so they had to drop me.

[MOOSE]

Safeco covers me for liability.... there good...

[Tony Harrell]

Naturalawn, where do you get that insurance for $318? It does cover turf and ornamental?

[greenman]

Originally posted by Tony Harrell
Naturalawn, where do you get that insurance for $318? It does cover turf and ornamental?

Inform me as well,please.

[Hawkeye5]

Tiedeman: Independent agency insurance companies will only quote the same account for one agent. The agents can vary their commission, normally happens on large risks, not our size. As a result, the companies don't want to have two different premium quotes for different amounts through different agents. Causes them problems with their sales force. Many independent agents send a commercial account to every carrier they represent, thereby "blocking the market". They do this to prevent a company they represent, but didn't send the quote to, from beating them through another agent. You can select a different agent that represents the low quote company rather than the one that got the quote for you through an "agent of record letter". Most companies hate doing it because the first agent did all the work and earns no commission on the sale while the one that becomes the new agent of record did no work for the commission! As you can see, an agent of record letter is a bit of a dirty trick.

[bubble boy]

what everyone else is paying is irrelavent, as you can see by the range above.

CALL A BROKER. take a 1/2 hour to get some quotes.

i don't advocate going without it. just wouldn't sit well with me to advise that...who knows what may happen. you'll sleep better.

[tiedeman]

Of course everybody will pay differently depending on the area that you live at as well. Everything differs by location and what exact add on services you have includes with your lawn care.