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Old 03-23-2005, 10:06 PM
MJM928 MJM928 is offline
LawnSite Member
Join Date: Mar 2005
Location: MILFORD N.J.
Posts: 5
Insurance Info

I Started Mowing About The Middle Of Last Season. It's Good Money! The Question I Have Is, What Kind Of Ins. Is Essential To Have, And How Much. Thanks.
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Old 03-23-2005, 10:40 PM
specialtylc specialtylc is offline
LawnSite Bronze Member
Join Date: Jan 2004
Location: Washington state, eastsider
Posts: 1,656
The first thing you need is business insurance on your truck and trailer. Then a general business liability policy. These are a must. Minimum is at least $500,000 on each policy.IMO.
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Old 03-24-2005, 11:00 AM
Precision Precision is offline
LawnSite Gold Member
Join Date: Feb 2004
Location: Cocoa Florida
Posts: 3,011
The break points on insurance are 300k 500k 1 million 3 million and 5 million

The price difference on your GL between 300 and 500 is minimal $100-200 per year. Same for stepping up to 1 million. IMO the least you want to get is 1 million but it does depend on your assets and state law.

I would get minimum 500k liability on vehicles. Get comp on your trailer. Mine is $50 per year. For GL get 1 million and get an equipment rider to cover your expensive equipment. My 1 million policy with 30K in itemized coverage ($500 per incident decuctable) for equipment is $1080 per year.
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Old 03-25-2005, 02:58 PM
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MDMowing MDMowing is offline
LawnSite Member
Join Date: Feb 2003
Location: Midwest
Posts: 58

GL Insurance and auto insurance we carry. We have a 300K GL policy w/ a 5K rider for the other equipment. Costs about $530. year.
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