help with insurance quote

Discussion in 'Business Operations' started by turfeater, Feb 1, 2008.

  1. turfeater

    turfeater LawnSite Member
    from ohio
    Posts: 166

    Hello I'm priceing liability insurance and there was a good rate for 500,000 1st occurrence then 1 mil for second ..I'm a small comp,,just me and occasional help .. 20 accounts

    Q do you guys think this is enough ?
  2. turfeater

    turfeater LawnSite Member
    from ohio
    Posts: 166

    well the insurance guy talked me into the 1 mil to 2 mill liability ,,,he said some
    business require it ... ?? oh well its done now,,,, thru erie ins

    well I got the 2 mil lia plus 16,500 on power equip {all propelled stuff} plus 1,500 hand tools for 479 a year and can do payments 9 months then off three ..

    sound reasonable ? rt
  3. zMaster225

    zMaster225 LawnSite Member
    Posts: 62

    turfeater: What insurance company do you use?
  4. silentbob

    silentbob LawnSite Member
    from NJ
    Posts: 27

    I use Selective and when I requested a quote, there was not much difference between 500,000 and 1 million coverage, so I took the 1 million/3 million coverage. For the extra few bucks, it's better to be safe than sorry IMO.
  5. VBsnow

    VBsnow LawnSite Member
    Posts: 241

    500,000/1,000,000 is a good start. Most companies really do not charge much for the increase to a 2 million AGG. Go with the higher limit. The price should not be much more. It makes you appear more polished as well as protecting you.
  6. lsu03

    lsu03 LawnSite Senior Member
    Posts: 370

    on average, how much is 500000/1000000? does it vary from person to person w/ the same company?
  7. turfeater

    turfeater LawnSite Member
    from ohio
    Posts: 166

    Sorry I havn't checked this post in awile . The Agent was independant and he told me erie insurance was good so that who I went with ,,

    thanks ron
  8. VBsnow

    VBsnow LawnSite Member
    Posts: 241

    Yes, the price varies from INS co to INS co. On your end the amount of payroll you use is the primary factor.

    Erie Insurance is sold by Erie Insurance agents, not indys.

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