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  #11  
Old 09-01-2003, 11:31 AM
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DUSTYCEDAR DUSTYCEDAR is offline
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Join Date: Jul 2003
Location: PA
Posts: 5,173
before u cancel make sure u can get ins some where else in pa the ins companies are dropping landscapers and not writing any new polices my ins has gone up 3 grand since 9-11 and i have had no claims cant find a better deal so i stay
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  #12  
Old 09-01-2003, 11:51 AM
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MacLawnCo MacLawnCo is offline
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Join Date: Feb 2002
Posts: 1,847
look into american family...they were dirt cheap in my part of the world
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  #13  
Old 09-01-2003, 12:46 PM
craigs lawncare craigs lawncare is offline
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Join Date: Aug 2003
Location: Michigan
Posts: 310
PJ Binder and Macs Lawn Co, thanks for the feed back.

I am not going to make any hasty decisions yet, but I plan to have a different insurer by Friday. I have been fuming over my insurance company's actions (soon to be previous) all weekend. I have a close friend who used to be in the insurance business who said you should get insurance quotes every two years from other companies just to keep them honest. My rule of thumb is once they raise their rates for no apparent reason like say a recent claim, I start looking around. The problem is, it usually takes a couple of years for insurance company's to increase their premiums, not a few months.
Craig
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  #14  
Old 09-01-2003, 09:35 PM
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gene gls gene gls is online now
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Join Date: Dec 1999
Location: Granville, Ma. 01034
Posts: 3,086
I just switched to Farm Family, saved a bundle. Also, they are more adpted to a seasonal business.

Gene
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  #15  
Old 09-09-2003, 08:31 AM
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Hawkeye5 Hawkeye5 is offline
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Join Date: May 2002
Location: Hendersonville, TN
Posts: 295
Insurance rates are based upon class experience. You are lumped in with all the other lawn services a company writes nationwide. If the company has adverse loss history on the lawn service class then the lawn rate is going to go up for everyone that company insures, even though the majority of lawn services never had a claim. Insurance is a pooling technique where everyone pays in and those few that have a claim are paid. The trick is that while companies can project the number of claims using probability theory (not as accurate as mortality tables life companies use) and other actuarial methods, no-one knows which particular business will suffer a loss. I know that my basic general liability rate is going to increase 24.5% next year (Erie Ins. Exchange). I will have to increase prices in order to maintain the same profit margin. I would guess that the majority of companies are going to increase general liability rates, if they haven't already. Just like in the lawn business, there are insurance companies that lowball price. May not last long and most that do either withdraw from insuring that type of business or go belly-up (yes, insurance companies go broke; 31 in '00, 24 in '01, 38 in '02). Make sure you deal with a company that carries at least an A financial rating from AM Best.
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  #16  
Old 09-09-2003, 10:32 AM
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Moguy Moguy is offline
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Join Date: Mar 2003
Location: Michigan
Posts: 238
craigs lawncare, not sure where you are located in Michigan but, Larsons in Livonia gave me good prices and havent raised them as of yet.
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  #17  
Old 09-11-2003, 07:46 PM
craigs lawncare craigs lawncare is offline
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Join Date: Aug 2003
Location: Michigan
Posts: 310
Liability

Moguy,

I live close to Jackson MI centrally located between Ann Arbor and Kalamazoo.
Thanks for the input everyone. If anyone else has any suggestions please chime in.
Craig
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