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View Full Version : $500,000 liability insurance


jeff_0
04-03-2003, 08:49 PM
i was given a price of $343 and wanted to know if that was a good price.

NYRookie
04-03-2003, 08:54 PM
That sounds about right. I have $1,000,000 liability for landscaping and snowplowing and mine costs about $1000 a year.

Bob Minney
04-03-2003, 08:54 PM
Mines $350

A1 Grass
04-03-2003, 08:56 PM
Bob Minney - where do you get your insurance?

I was quoted $525 (+payment fees) for $100k per year (in Texas).

jeff_0
04-03-2003, 09:18 PM
think, i see i'm getting a fair price so i'll go with it...

Nozzleman
04-03-2003, 09:24 PM
Ask them how much for $1,000,000 policy. I was given the same price for the $500,000 policy as you were. However, for another $200 I bumped the policy up to $1,000,000 coverage. These rates include snowplowing. For $200 it was worth it in my eyes.

CMLLawnServices
04-03-2003, 09:31 PM
I have 2 million and i pay around 800 a year, but the insurence on my sled is $450 , that make my business insurence look pretty cheap

FrankenScagMachines
04-03-2003, 10:05 PM
I have $1 million liability and $15,000 equipment coverage for $53.75 quarterly - $215 / year.

bastalker
04-03-2003, 10:18 PM
I have 300,000-600,000 liability through Allstate with 2 employees including snow plowing for 386.00.

Heller Landscaping
04-03-2003, 10:36 PM
Man you guys rates are high:confused: We pay 185.00 a year for landscaping and lawn care for a 1 million. We are insured through Lebanon Mutual.

FrankenScagMachines
04-03-2003, 10:43 PM
Mine's through Erie Insurance BTW

jeff_0
04-03-2003, 10:52 PM
the price that was given to me was from erie

Heller Landscaping
04-03-2003, 11:02 PM
If I am correct there is not much difference in price between 500,000.00 and 1,000,000.00.

mag360
04-03-2003, 11:21 PM
$32 difference between 500,000 and 1,000,000 coverage for me.

drobson
04-04-2003, 01:14 AM
Wow, you guys are lucky... Insurance is much cheaper than MA. I pay over $1200 per year for me and one part timer for $300K. It would be about $1500+ for $1M.

I'd be so happy to get it for $300

Heller Landscaping
04-04-2003, 08:44 AM
In my area commercials won't touch you unless you have a minimum of 1 million.

CMLLawnServices
04-04-2003, 06:53 PM
Same here , I`ve bid on 5 big commercails totalling $25000+/- a year , if i get them , they require 1 million, i also bid on some that were 2 million minimum. Man when i buy my new sled next year the insurence is gonna be a killer( its gonna be a polaris 700 XC ) once they class ur stuff as high performance ur screwed

walker-talker
04-04-2003, 07:20 PM
Obviously it just depends on what part of the country you are from. Here in KS I pay $500 a year on 1 mil GL 2 mil AGG, this also includes pesticide.

MATT

BobR
04-05-2003, 11:23 AM
1M liability + comp on the larger equipment $890 - no plowing.
BobR

HOMER
04-06-2003, 01:43 PM
I'm paying $780.00+ per year for an Alfa policy.............I feel like I'm getting the shaft here. Mine is a $300,000.00/$600,000.00 policy with no equipment....time to check some more places out huh?

jeff_0
04-07-2003, 06:17 PM
that gave me a price of $213 through Ohio insureance.. i could of went through erie for $195 but i filled bankruptcy so they would of had to review it.. but i guess i got a pretty good price..

Meier
04-07-2003, 10:08 PM
++++Obviously it just depends on what part of the country you are from. Here in KS I pay $500 a year on 1 mil GL 2 mil AGG, this also includes pesticide.++++

I'd sign up for that one. Who is your insurance company/agent?

Got a phone number for them?

Thanks,
DFW, TX

walker-talker
04-08-2003, 10:06 AM
Originally posted by Meier
++++Obviously it just depends on what part of the country you are from. Here in KS I pay $500 a year on 1 mil GL 2 mil AGG, this also includes pesticide.++++

I'd sign up for that one. Who is your insurance company/agent?

Got a phone number for them?

Thanks,
DFW, TX

Continental Western Insurance Company
PO Box 1594
Des Moines, IA 50306-1594
1-800-456-7688

The phone number above is for claim handling, I don't have any other number unless it's in the policy, which is over 100 pages. They should be able to direct your call or you might be able to find a website.

Good Luck
MATT

Meier
04-09-2003, 10:54 AM
I called them. They don't write insurance in Texas.

I'm paying over $1,600 per year for $300K to apply pesticides.

Need to save money on this. Still shopping.

Later,
DFW, TX

jeff_0
04-15-2003, 09:25 PM
yeah u really need to shop more.... i'm sure your find a cheaper price.. check with erie insureance

Meier
04-15-2003, 09:44 PM
++++check with erie insureance++++

I looked at their web sight...I don't think they service Texas.

Later,
DFW, TX

Navig8r
04-15-2003, 10:55 PM
My agent (Nationwide) quoted me $850 for 500,000 + equipment coverage... I called an Erie agent.. they won't take me as a business unless I have a 3 year no-loss history with them... so I would need to insure a vehicle, etc.. through them for 3 years first??? yeah right!... awaiting a call back from an agent on some other quotes.....

Mowingman
04-15-2003, 10:58 PM
I am paying $795/year for 300,000/600,000 liability. About the same as Homer. Wish I could get the rates some of you other guys are getting:(

Jon99
04-18-2003, 09:27 AM
I pay $46 a year for a $300K/$600K liability/equipment policy as a rider to our homeowners policy thru Grinnell....

noclevername
04-18-2003, 02:20 PM
Usually (in Canada anyway) the cost for liability insurance is based on your gross receipts. I guess they figure the more work you do, the higher the chance of a claim. Try to keep all your insurance (even home, auto, cottage, boat, snowmobile etc.) with one company (or broker) to take advantage of any multi-policy discounts that are available (they are also more likely to help you out if you have problems). Also be careful of "high risk" types of work ie. chemical applications, commercial snowplowing. I ended up subbing out all of my weedspray and chemical applications 'cause the cost of the insurance just didn't warrant me doing it myself. Also in my opinion, don't try to save money by having too little liability insurance, my fiance is an insurance broker and they have a client who is is still paying for an accident he had in 1984 that ended up costing more than his liability limit. I have 2 million with an umbrella rider that covers me and all my personal "stuff" up to 5 million

rbruchwalski
04-20-2003, 12:44 PM
I pay $270 for $300,000 for myself and wife through Erie......I thought that was good, but as I read, maybe not.......

drobson
04-20-2003, 06:55 PM
Ron that is pretty good. I pay about $1000 more than you for the same coverage here in MA.

noclevername
04-20-2003, 10:36 PM
As an addendum to my previous post, the reason I stated that liability insurance is based on your gross receipts, is that it's impossible to compare your rates with someone else's. You can compare your rate per. $100,000.00 gross receipts but not your final total. Someone that grosses $750,000.00 is gonna pay a lot more than someone who grosses $75,000.00