Register free!
Search
 
     

Click for Weather
Reply
 
Thread Tools Display Modes
  #1  
Old 10-09-2011, 05:08 PM
jslawnscape jslawnscape is offline
LawnSite Member
 
Join Date: Sep 2009
Location: Rochester, NY
Posts: 61
Insurance Question

K, First off please take it easy with any bashing. Had some experience with that a ways back when I posted on here. And here we go with my question, I am considering starting a landscape lighting installation/repair/maintainance service. Previously have owned full service lawn/landscape/prop. maintainance business. I have relocated and am looking for something different, have done lighting jobs in the past. I am curious as to what I will be expecting to pay for insurance. My general liability insurance was not too bad for the property maintainance business. Bc this will be a new business in a "foreign" territory I am worried that the insurance (especially dealing with electricity) is going to be quite expensive. Thought I would check on here before scouting out local ins companies just to get a ball park. Thanks in advance.
Reply With Quote
  #2  
Old 10-09-2011, 05:25 PM
FoghornLeghorn FoghornLeghorn is online now
LawnSite Senior Member
 
Join Date: Feb 2010
Location: Austin, TX
Posts: 597
No idea, it's all based on number of employees, vehicles, type of work, payroll numbers etc.

Call the Hartford, Travelers, or Hortica for quotes
Reply With Quote
  #3  
Old 10-09-2011, 06:42 PM
jslawnscape jslawnscape is offline
LawnSite Member
 
Join Date: Sep 2009
Location: Rochester, NY
Posts: 61
Insurance question

Thanks for reply. If anyone has anything else, please post. I will be owner/operator with one additional employee to start. To get insurance rolling there will be no payroll until jobs start coming in. I will have my auto insurance separate. I need a ball park figure for the liability end of the insurance for installations. Not that I have ever had a problem in the past or even heard of anything but dealing with electricity I always wondered/worried about possibility of a fire. Im sure that the insurance companies take that into consideration. My landscape insurance was a decent rate but as soon as I mentioned any work done from heights my insurance agent informed me that my rates were going to skyrocket. Same kind of scenario I guess im trying to figure out here. Not a big deal I can call around this week just thought id try here while i had nothing else going on tonight.
Reply With Quote
  #4  
Old 10-09-2011, 10:16 PM
SoCalLandscapeMgmt SoCalLandscapeMgmt is offline
LawnSite Bronze Member
 
Join Date: Sep 2007
Location: So. Cal.
Posts: 1,473
Quote:
Originally Posted by jslawnscape View Post
Thanks for reply. If anyone has anything else, please post. I will be owner/operator with one additional employee to start. To get insurance rolling there will be no payroll until jobs start coming in. I will have my auto insurance separate. I need a ball park figure for the liability end of the insurance for installations. Not that I have ever had a problem in the past or even heard of anything but dealing with electricity I always wondered/worried about possibility of a fire. Im sure that the insurance companies take that into consideration. My landscape insurance was a decent rate but as soon as I mentioned any work done from heights my insurance agent informed me that my rates were going to skyrocket. Same kind of scenario I guess im trying to figure out here. Not a big deal I can call around this week just thought id try here while i had nothing else going on tonight.
For your General Liability and Work Comp they will ask you to estimate the total payroll for the policy period. With only one other employee this will be easy to do and probably fairly inexpensive since as an owner you will be exempt from the WCI policy. The auto will be based on the number of vehicles.... right now I think we pay about $1000 per vehicle per year for commercial auto insurance which works out to about $83 per month. If you are doing commercial work you may be asked for an umbrella policy in addition to your General Liability Policy. I think we are paying about $8K a year for a $5million umbrella. I don't recall what our Gen Liability is running as it's all lumped in with our Umbrella, EPLI, Inland Marine and D&O policies. Find a good broker that sells commercial insurance... don't bother with Allstate or State Farm or one of those companies who sells homeowners insurance.... they call me all the time trying to sell me auto insurance... I just laugh at them.
Reply With Quote
  #5  
Old 10-12-2011, 01:19 AM
David Gretzmier David Gretzmier is offline
LawnSite Gold Member
 
Join Date: Mar 2001
Location: Fayetteville,AR
Posts: 3,654
we use an insurance broker as well. since we also do Christmas lights, our rates are higher as we go on roofs, etc. since landscape lighting can also bring you off the ground doing gutter mounts and moonlighting, you should ask to be covered for some heights, as most injuries and property damage will occur when you fall. the risk of fire from landscape lighting is extrememly small and pretty inexpensive to insure. you will be "rated" at a percentage of payroll and pay that rate at a payroll base of around 10k minimum and it will go up from there.

workmans comp is the same way, it is required in most states, and you will pay a percentage of payroll, our minimum workman's comp policy here costs around 3k per year and covers for us up to 30-40k of payroll and goes up from there.

we also carry "professional" insurance to cover us even if we do something wrong and cause property damage.

we do auto through state farm.
__________________
freedom
Reply With Quote
  #6  
Old 10-12-2011, 11:03 AM
GreenI.A.'s Avatar
GreenI.A. GreenI.A. is offline
LawnSite Silver Member
 
Join Date: Jul 2010
Location: North East
Posts: 2,055
Dave - You pay higher rates for holiday lighting? My insurance added it onto my policy for no additional charge, but I do already have coverage for going onto roofs up to 40 feet for lighting and into trees up to 50 feet, so maybe they assume there isn't to much more risk??
__________________
Why do people not respect us as they do other tradesmen? Because every Tom, Dick, and Harry doesn't think he can be a plumber or electrician!
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump






Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Moose River Media
All times are GMT -4. The time now is 02:00 AM.

Page generated in 0.09463 seconds with 9 queries