Register free!
Search
 
     

The Green Industry's Resource Center


Click for Weather
Reply
 
Thread Tools Display Modes
  #1  
Old 04-03-2014, 11:19 AM
Ben/Insurance Ben/Insurance is offline
LawnSite Member
 
Join Date: Jan 2013
Location: Franklin Square NY
Posts: 31
Ask your business insurance questions here

Ben Palmeri, our resident insurance expert, is happy to answer any of your business insurance questions here. With 28 years of contracting insurance experience, Ben is vice president of a mid sized independent insurance agency in Franklin Square, Long Island currently serving the insurance needs of over 600 landscape, hardscape and related contractors. You can reach him directly at BPalmeri@Archerins.com or 516-233-3515. Post away!
Reply With Quote
  #2  
Old 04-03-2014, 11:06 PM
CrimsonMaintenance's Avatar
CrimsonMaintenance CrimsonMaintenance is offline
LawnSite Member
 
Join Date: Dec 2011
Location: Alabama
Posts: 60
Where do you recommend getting reasonable workers comp? Our current carrier is dropping our industry and now I have find another insurer.
Posted via Mobile Device
Reply With Quote
  #3  
Old 04-04-2014, 12:16 AM
calvinslawnservices's Avatar
calvinslawnservices calvinslawnservices is online now
LawnSite Senior Member
 
Join Date: Feb 2010
Location: Grand Rapids MI
Posts: 498
What does inland marine cover?
__________________
2008 Ford F-250
7*12 Single axle trailer
Toro Grandstand 60"
Exmark Lazer Z 60"
Toro 52" Proline
John Deere LT155
(2) Husky Backpack Blower BT150
Echo Edger
Echo Trimmer
and American Muscle
Reply With Quote
  #4  
Old 04-04-2014, 09:02 AM
Ben/Insurance Ben/Insurance is offline
LawnSite Member
 
Join Date: Jan 2013
Location: Franklin Square NY
Posts: 31
Quote:
Originally Posted by CrimsonMaintenance View Post
Where do you recommend getting reasonable workers comp? Our current carrier is dropping our industry and now I have find another insurer.
Posted via Mobile Device
Your best resource for workers compensation is your independent insurance agent. He/she deals with multiple
carriers and can get you the best value. We make very little
to nothing on workers comp so best if they they handle your
other insurance too. Ben
Posted via Mobile Device
Reply With Quote
  #5  
Old 04-04-2014, 09:03 AM
Ben/Insurance Ben/Insurance is offline
LawnSite Member
 
Join Date: Jan 2013
Location: Franklin Square NY
Posts: 31
Quote:
Originally Posted by calvinslawnservices View Post
What does inland marine cover?
Inland marine covers your tools and equipment..
Ben
Posted via Mobile Device
Reply With Quote
  #6  
Old 04-18-2014, 07:49 PM
csbalt csbalt is offline
LawnSite Member
 
Join Date: Mar 2014
Location: glenville, PA
Posts: 3
Shaw' Lawn Care

Just registered my PA business with the Dept. of Labor and the Office of the Attorney general. i want to operate in MD as well as PA. Do i need to obtain any licenses or permits in Maryland?
Reply With Quote
  #7  
Old 04-21-2014, 10:03 AM
Ben/Insurance Ben/Insurance is offline
LawnSite Member
 
Join Date: Jan 2013
Location: Franklin Square NY
Posts: 31
csbalt, I am unable to answer your question regarding licenses or permits but I can tell you that you very likely need to maintain general liability coverage. Best to check with your local consumer affairs agency to get the details.
Ben
Reply With Quote
  #8  
Old 04-21-2014, 10:08 AM
whiffyspark whiffyspark is online now
LawnSite Platinum Member
 
Join Date: Jul 2011
Location: Chesapeake beach
Posts: 4,739
Quote:
Originally Posted by csbalt View Post
Just registered my PA business with the Dept. of Labor and the Office of the Attorney general. i want to operate in MD as well as PA. Do i need to obtain any licenses or permits in Maryland?
Yeah you do

Business license. Mhic if you're doing landscaping or hardscapes.
Posted via Mobile Device
Reply With Quote
  #9  
Old 04-21-2014, 10:09 AM
whiffyspark whiffyspark is online now
LawnSite Platinum Member
 
Join Date: Jul 2011
Location: Chesapeake beach
Posts: 4,739
Quote:
Originally Posted by Ben/Insurance View Post
Ben Palmeri, our resident insurance expert, is happy to answer any of your business insurance questions here. With 28 years of contracting insurance experience, Ben is vice president of a mid sized independent insurance agency in Franklin Square, Long Island currently serving the insurance needs of over 600 landscape, hardscape and related contractors. You can reach him directly at BPalmeri@Archerins.com or 516-233-3515. Post away!
Do you cover md?
Posted via Mobile Device
Posted via Mobile Device
Reply With Quote
  #10  
Old 04-21-2014, 10:16 AM
Ben/Insurance Ben/Insurance is offline
LawnSite Member
 
Join Date: Jan 2013
Location: Franklin Square NY
Posts: 31
A few ways to save money on your business insurance. Insurance companies are in business to make a profit. They judge the profitability of your account on your "loss ratio". A 50% loss ratio means that for every dollar you pay them, they are paying out 50 cents in claims . Add expenses to that (lawyers, claims adjusters, etc) and that 50% loss ratio means boarderline profitability for them and big increases or worst, a cancellation for you. The best way to save money on your insurance is by letting your insurer make money. Improve your on the job safety, employee training, and pay your bills on time. I can't tell you how many times we have discussions with underwriters that begin with "this account has a poor payment history, so we really don't want to work with them". The best accounts that have zero claims and pay their bills on time (they don't wait for that cancellation notice very month), get better coverage with better terms and the best pricing. One last thing; Make sure you are working with a good independent insurance agent. Not a store front broker and not a direct/captive agent. They just don't have the access to the marketplace that an IA has. I'm running out of space, but I think you get the idea. If any one wants more info, feel free to reach out to me. BPalmeri@Archerins.com or 516-233-3515
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 01:24 PM.

Page generated in 0.07590 seconds with 9 queries