Business Insurance rates??

Discussion in 'Lawn Mowing' started by MO & GO, Apr 20, 2001.

  1. MO & GO

    MO & GO LawnSite Member
    Posts: 4

    What are some of the insurance rates are u paying and what insurance company is giving the best rates?? also how much liability ??
  2. Avery

    Avery LawnSite Bronze Member
    Posts: 1,389

    We use Travelers. They had the best rate at the time we checked. Cannot really tell you what the rate is. Office manager pays the bills. All of our equipment and hand held power tools are covered and we have a commercial package that covers our vehicles as well as 2.5 million in general liability. We have had few claims, but they were easy to work with on the ones we have had. One claim happened when an employee was doing some road side mowing and threw a HUGE stick that hit the side of a car. Just so happens that the car was owned by one of my competitors. My luck! We fixed the car, and now do the roadsides with a Toro 325D with a flail deck. No more missiles.
  3. eslawns

    eslawns LawnSite Senior Member
    Posts: 712

    I have a 1M general liability, with a 3M aggregate (whatever that is) and it runs about $600 a year. I'm looking for a new company to deal with. The agent I have never returns calls, and acts like he doesn't need or want my business.
  4. i am paying 4,300 a year for 1,000,000 dollars of coverage (gen liability & 1 w/c ) i am covered for tree work / landscaping / and snow. i am gonna switch to the hartford next year for a better rate. right now i dont know who i have.
  5. Ocutter

    Ocutter LawnSite Senior Member
    Posts: 314

    Paying 4600.00 for 2 mil policy. Covered for pesticides too. I tried Hartford a while ago. They were one of the expensive ones. I guess it depends on where you live too.
  6. lee b

    lee b LawnSite Fanatic
    Posts: 5,581

    $350.00 a year for 1 million liability and full coverage on equipment.
  7. Guardian

    Guardian LawnSite Senior Member
    from Florida
    Posts: 269

    Nationwide: 1 million Liability and coverage on equipment for $700 /yr. (Aggregate: Total amount of claims paid ,but not on a single incident. If you have a 1 million dollar policy, chances are you are only covered for $500,000.00 on any ONE claim.)
  8. Redmowers

    Redmowers LawnSite Member
    Posts: 130

    lee, who is your provider? almost seems too cheap!
  9. David Gretzmier

    David Gretzmier LawnSite Gold Member
    Posts: 3,645

    we pay 4 grand on workmans, about 3 on truck and another 3 on liability and theft of equipment. it is all bases on payroll and to a smaller degree on worth of equipment. Dave
  10. TLS

    TLS LawnSite Fanatic
    Posts: 7,937

    Erie Insurance, 1M Each Occurrence, 2M aggregate plus $5000 each addl. person, including snow plowing $367 per year. Property/Equipment premium for approx. $13000 of listed equipment (inland marine) plus misc. tools, etc is $196 per year.


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