$500,000 liability insurance

Discussion in 'Business Operations' started by jeff_0, Apr 3, 2003.

  1. jeff_0

    jeff_0 LawnSite Senior Member
    from md
    Posts: 401

    i was given a price of $343 and wanted to know if that was a good price.
  2. NYRookie

    NYRookie LawnSite Member
    Posts: 240

    That sounds about right. I have $1,000,000 liability for landscaping and snowplowing and mine costs about $1000 a year.
  3. Mines $350
  4. A1 Grass

    A1 Grass LawnSite Senior Member
    Posts: 330

    Bob Minney - where do you get your insurance?

    I was quoted $525 (+payment fees) for $100k per year (in Texas).
  5. jeff_0

    jeff_0 LawnSite Senior Member
    from md
    Posts: 401

    think, i see i'm getting a fair price so i'll go with it...
  6. Nozzleman

    Nozzleman LawnSite Member
    Posts: 225

    Ask them how much for $1,000,000 policy. I was given the same price for the $500,000 policy as you were. However, for another $200 I bumped the policy up to $1,000,000 coverage. These rates include snowplowing. For $200 it was worth it in my eyes.
  7. I have 2 million and i pay around 800 a year, but the insurence on my sled is $450 , that make my business insurence look pretty cheap
  8. FrankenScagMachines

    FrankenScagMachines LawnSite Platinum Member
    from IN
    Posts: 4,739

    I have $1 million liability and $15,000 equipment coverage for $53.75 quarterly - $215 / year.
  9. bastalker

    bastalker LawnSite Senior Member
    Posts: 965

    I have 300,000-600,000 liability through Allstate with 2 employees including snow plowing for 386.00.
  10. Heller Landscaping

    Heller Landscaping LawnSite Member
    Posts: 204

    Man you guys rates are high:confused: We pay 185.00 a year for landscaping and lawn care for a 1 million. We are insured through Lebanon Mutual.

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