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Old 07-08-2011, 12:17 AM
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pattytastik pattytastik is offline
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Becoming Insured?

So I have been mowing lawns for the last 4 years, and it is getting to the point where it is no longer just a few lawns and some extra pocket money, but a fairly large business (almost 50 lawns). I am 16 and I do not plan on continuing this business after high school. How much do you think it would cost to insure this kind of a business.

Thanks!
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Old 07-08-2011, 12:21 AM
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MOturkey MOturkey is offline
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All you really need is liability insurance, as your equipment probably isn't worth enough to warrant the expense for coverage. Liabilty would probably run you around $400 a year, but I'm not sure you can get coverage at 17. Might have to get it in your folks' name, but an insurance agent can explain all that to you.
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Old 07-08-2011, 12:22 AM
pinto n mwr pinto n mwr is offline
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ahhh, the youth these days! 50 accounts, 16 yrs old, no plans to continue after high school. If it was me I would figure out a way to go to college, keep the 50 accounts, get your degree, and continue on. 50 accounts and only 16....
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Old 07-08-2011, 12:24 AM
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pattytastik pattytastik is offline
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Quote:
Originally Posted by MOturkey View Post
All you really need is liability insurance, as your equipment probably isn't worth enough to warrant the expense for coverage. Liabilty would probably run you around $400 a year, but I'm not sure you can get coverage at 17. Might have to get it in your folks' name, but an insurance agent can explain all that to you.
Ok that sounds fair enough. The problem with that is I really don't want my parents to be involved with my insurance because If a law suit occurs, I do not want my parent's assets to be involved.
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2002 Dodge Dakota Sport 4x4
5x8 Trailer
Exmark Metro 36''
Toro Super Recycler 21in
Toro Recycler 22in
Honda Harmony 21in
Echo PB-500
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Echo srm-225 (2)
Echo HC-150 (2)
Echo CS-400
Peltor worktunes
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Old 07-08-2011, 12:25 AM
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pattytastik pattytastik is offline
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Quote:
Originally Posted by pinto n mwr View Post
ahhh, the youth these days! 50 accounts, 16 yrs old, no plans to continue after high school. If it was me I would figure out a way to go to college, keep the 50 accounts, get your degree, and continue on. 50 accounts and only 16....
I don't plan on doing this kind of work post-college. If i planned on staying in this line of work, that is exactly what I would do.
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2002 Dodge Dakota Sport 4x4
5x8 Trailer
Exmark Metro 36''
Toro Super Recycler 21in
Toro Recycler 22in
Honda Harmony 21in
Echo PB-500
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Echo HC-150 (2)
Echo CS-400
Peltor worktunes
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Old 07-08-2011, 12:27 AM
pinto n mwr pinto n mwr is offline
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sorry, I was venting on my earlier life decisions...
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Old 07-08-2011, 12:28 AM
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pattytastik pattytastik is offline
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sorry, I was venting on my earlier life decisions...
haha no problem. Did you go to college?
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2002 Dodge Dakota Sport 4x4
5x8 Trailer
Exmark Metro 36''
Toro Super Recycler 21in
Toro Recycler 22in
Honda Harmony 21in
Echo PB-500
Echo srm-230
Echo srm-225 (2)
Echo HC-150 (2)
Echo CS-400
Peltor worktunes
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Old 07-08-2011, 11:15 AM
superdog1 superdog1 is offline
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Quote:
Originally Posted by pattytastik View Post
The problem with that is I really don't want my parents to be involved with my insurance because If a law suit occurs, I do not want my parent's assets to be involved.
Your parents are already involved. Since you are a minor, they are responsible for your actions until you are 18. If you are sued tomorrow, mom and dad will be named in the lawsuit right along with you. You would be doing yourself and your parents a great big favor by getting insurance.
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Old 07-08-2011, 12:28 PM
Penncare Penncare is offline
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When you head off to college you can sell the accounts or just hire a friend who is still in HS to run it for you and keep a little pocket money going. Small businesses drive the economy and passing that business on or keeping it going is a service to you and others. Need more youth like you.
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