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  #11  
Old 05-15-2012, 10:41 PM
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BJWLAWNCARE BJWLAWNCARE is offline
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Quote:
Originally Posted by mlavin73 View Post
I would highly recommend having insurance if you are cutting ANY lawns (Business or Commercial). Thankfully I have been fully insured since day 1 because my business is involved in a lawsuit because of an accident in front of an account I maintained. I was nowhere near the accident when it happened (was actually still home in bed at the time). I'm sure if the case went before a jury (which it may at some point) I would be found innocent. Anyway my insurance company has footed the bill for this lawsuit since 2008. I'm definetely getting my money's worth from my insurance. I think my total insurance bill is about $1500 a year for $1 million dollar coverage and about $1400 a year for the auto insurance with full coverage. No WC because I work by myself.

I have been in business for 6 years on my own and am confident that the $9K I gave them for insurance is less than what they have paid my attorney.
How can you be involved if you weren't there and you don't have employees? Was it after you did snow removal?
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  #12  
Old 05-15-2012, 10:55 PM
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Snyder's Lawn Inc Snyder's Lawn Inc is offline
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Join Date: Feb 2011
Location: Kirksville Mo
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Quote:
Originally Posted by mlavin73 View Post
I would highly recommend having insurance if you are cutting ANY lawns (Business or Commercial). Thankfully I have been fully insured since day 1 because my business is involved in a lawsuit because of an accident in front of an account I maintained. I was nowhere near the accident when it happened (was actually still home in bed at the time). I'm sure if the case went before a jury (which it may at some point) I would be found innocent. Anyway my insurance company has footed the bill for this lawsuit since 2008. I'm definetely getting my money's worth from my insurance. I think my total insurance bill is about $1500 a year for $1 million dollar coverage and about $1400 a year for the auto insurance with full coverage. No WC because I work by myself.

I have been in business for 6 years on my own and am confident that the $9K I gave them for insurance is less than what they have paid my attorney.
1500 for 1 mil wow someone is putting it to you I pay 1500 for 5 mil
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  #13  
Old 05-15-2012, 11:00 PM
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joel29m joel29m is offline
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800 a year for 1 mill.
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  #14  
Old 05-16-2012, 10:26 AM
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Glenn Lawn Care Glenn Lawn Care is offline
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Join Date: May 2008
Location: Inver Grove Heights, MN
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I have a 2 million dollar policy that is around $450 a year. That covers my equipment NOT my auto or workmans comp.
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  #15  
Old 05-17-2012, 12:05 AM
Duekster Duekster is offline
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Location: DFW, TX
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Quote:
Originally Posted by Glenn Lawn Care View Post
I have a 2 million dollar policy that is around $450 a year. That covers my equipment NOT my auto or workmans comp.
you have 2 million dollars of equipment to insure?

What about liability, you have that too?
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  #16  
Old 05-17-2012, 08:50 AM
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Glenn Lawn Care Glenn Lawn Care is offline
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Location: Inver Grove Heights, MN
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I have commercial liability insurance. My equipment is covered if it gets stolen or is lost due to a fire.
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  #17  
Old 05-17-2012, 04:27 PM
Duekster Duekster is offline
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Quote:
Originally Posted by Glenn Lawn Care View Post
I have commercial liability insurance. My equipment is covered if it gets stolen or is lost due to a fire.
That is typically a Marine inland rider added to your GL. I have very little of that coverage. You likely do not have replacement coverage either. If you think you have coverage based on full new retail cost... then you likely have to much as they will depreciate the value then cut you a check.

I insure for about 1/3 of the new cost.

There maybe a better way of doing it. I would get quotes on both, then put the difference in the bank.
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