The Green Industry's Resource Center

rodfather · #11 01-30-2003, 04:16 PM

4M

...where will you be working, Fort Knox?

We carry 2M and that is quite sufficient. If it's worth it to you, shop around. Maybe 4M isn't double what 2M would be. I would first question your prospective client why such a high number for insurance...4M is not normal for our industry.

tiedeman · #12 01-30-2003, 09:52 PM

I have $1 million coverage. If you want anything higher its called umbrella insurance. That covers from $1 million and up

wriken · #13 01-30-2003, 09:58 PM

I have $1 million coverage on truck and liabilty, I just did some shopping around and got it lower, got a quote from a insurance competitor, so mine lowered my premium 25% cheaper, should have compared a year ago. LOL. there must be some leeway there.

tiedeman · #14 01-30-2003, 10:00 PM

Quote:

Originally posted by wriken
I have $1 million coverage on truck and liabilty, I just did some shopping around and got it lower, got a quote from a insurance competitor, so mine lowered my premium 25% cheaper, should have compared a year ago. LOL. there must be some leeway there.

Where do you go for yours? I have been around to about 2 dozen in the area before I finally found one that coveraged me for lawn care and snow removal. I still think that they price is high. I went to Schofield in Farwell.

GarPA · #15 01-31-2003, 04:13 AM

Rodfather and others are dead right...4 million is absurd...1 million is plenty. I spent a couple of decades in the insurance biz so I know from where I speak.

Keep something else in mind, the more insurance you have, the more likely it will be that an attorney will "milk the cow" if there is an accident. Most will not get excited about you having the average 1 million limit...and most things that could happen will be covered by that limit. THe higher your limits, the more likely the injured party's attorney will try to hit the home run....I have seen it first hand time and again. I carry 1 mil with an umbrella on top of that for another million...ask your agent how umbrellas work...I dont want to go into that here...they are not expensive....tell your prospect to pound sand...4 mil is ridiculous for them to ask for