View Full Version : insurance

10-07-2000, 12:18 AM
Just curious, but how much money do u guys spend a year in liability insurance?

Richard Martin
10-07-2000, 03:47 AM
$500.00 a year. 1 mllion, 3 million.

10-07-2000, 08:00 AM
388.00 yr - 500k

10-07-2000, 08:07 AM
We're paying $900 a year for 1mil/2mil and that also includes inland marine for like up to $25k itemized and $5k non itemized on the equipment.

10-07-2000, 08:54 AM
Same as Keith but 600.00 less on the premium.
100.00 deductable for everything.
no claims on the policy. Thank God.

10-07-2000, 09:25 AM
Do these numbers include every guy who steps foot on your jobsite, or is this for one man operations?

10-07-2000, 10:48 AM
$550/year for $1/$2 million. $4500 inland marine itemized & $2000 general on equipment. One-man operation.

Keith, Mow Ed, who are you using?


10-07-2000, 11:02 AM
Well, here in western Maryland, I pay $400.00 per year for liability ins. The policy is 1 million and 2 million for any given year. The policy also covers my trailer, equipment and tools against theft, fire, and God related activity.

The best advise is to get multiple quotes. For example, some companies were asking anywhere from $388.00 to about $900.00 per year for the same coverage or less. So shop around.

10-07-2000, 11:56 AM
$560 here for 1 mil. liability with $15K on equip. for $100 ded.
This is for me alone.


In His (lawn) Service

10-07-2000, 01:10 PM
Thru an independent agent:
Integrity Mutual Insurance
Need more e-mail me.

10-07-2000, 01:16 PM
$315 per year, $1 million coverage, one man show.

10-07-2000, 05:22 PM
Originally posted by TGCummings
$550/year for $1/$2 million. $4500 inland marine itemized & $2000 general on equipment. One-man operation.

Keith, Mow Ed, who are you using?



10-07-2000, 06:54 PM
Holy Smoke! By the sounds of what some of you guys are paying,-for what you are getting, I think I better shop around a little bit for next year!

10-07-2000, 07:59 PM
Man i wish. Just paid my 1 mil. liability and equip. ins, $3200. Hard to find coverage for the tree work part of my bus.

[Edited by Toddppm on 10-07-2000 at 11:41 PM]

10-07-2000, 08:58 PM
$500/year, 1 million coverage and $250 deductible. Dropped full time employees, so expecting refund on workers comp..

10-07-2000, 10:23 PM
We carry one million in contractors insurace the term cost is $300.00 a year which also covers $45,000 worth in our equipment, then its $800yr for workmans comp per employee.

Pauls Mowing
10-08-2000, 11:46 AM
We pay $300.00 per year for 500K. includes equipment, no employees, just me and my wife. $250.00 ded.

Brian C.-- who is your carrier? sounds like the best deal.


Samurai WeedWacker
10-08-2000, 01:19 PM
Zero. It's not required in this state for what I do. Been in business 18 years and never had a problem. It WOULD be required if I was working on sprinkler systems.
The contract I use for snow removal service states I am "not responsible for ice or damages or injury due to ice or slippery conditions."

10-08-2000, 01:34 PM
A lot will depend on your exposure and the dollar amount that you subcontract.

For example: Solo operator A cuts grass by himself 6 days per week, and does not do any subcontracting. His total sales are $40K per year.

Solo operator B cuts grass by himself 3 days per week, and subcontracts out all other grounds maintenance tasks; tree work, mulch, fert, landscape install... His gross sales from his mowing are $20K.

Who pays more in insurance?

B. Because his exposure is much greater because of all the subcontracting. He may do a total in excess on $100K for the year. That is what they base your premium on.

It can be very misleading for contractors to compare business insurance between themselves. Nearly all times, you are not compring apples to apples.

Richard Martin
10-08-2000, 05:57 PM
Samurai wrote:

{Zero. It's not required in this state for what I do. Been in business 18 years and never had a problem. }

And yet it only takes one incident to wipe out everything you own. Liability insurance is not required in Maryland either but I still have it.

10-08-2000, 08:20 PM
$900.00 per year for $1,000,000 liability coverage through Ohio Casulty Group.

10-08-2000, 09:04 PM
I found some w/state farm 2k equ.1mill libalty an a 2k rider on my equ away from the shop.for 531per yr.