HOw Much doyou pay a month for Insurence and liability??

Discussion in 'Business Operations' started by Cashmonysonny, Mar 16, 2002.

  1. crewforeman

    crewforeman LawnSite Member
    Posts: 12

    What is an Inland marine policy
     
  2. Mark Lawncare

    Mark Lawncare LawnSite Member
    Posts: 114

    If you are 17 could you get insurance under your parents name. Could you also do this for a lisence or should one just wait until they are 18. I have seen kids my age on this site with what seem to be legit LCO's and I wonder how they do it?
     
  3. 65hoss

    65hoss LawnSite Fanatic
    Posts: 6,360

    Inland Marine is the attachment for G/L insurance that covers the equipment.
     
  4. stslawncare

    stslawncare LawnSite Bronze Member
    from DE
    Posts: 1,484

    until you are 18 years old your parents are liable for you. if a rock flyes out from ur mower and breaks a window your parents are liable. once you turn 18 its different, then you are liable.

    now my question, i recently turned 18 and this upcoming season i want to "legalize" my business. what all do i need to do? i have no clue. how do i get insurance? how much should i get? what will i be paying per month? or do u pay ever 6 months? i have no clue.
    thanks
     
  5. khutch

    khutch LawnSite Senior Member
    Posts: 495

    In Atlanta, first quote $1300, found 1 million lib. policy for $800 and took it.
     
  6. Jim H

    Jim H LawnSite Member
    Posts: 33

    65Hoss, does inland cover your vehicle too? I assume it covers the trailer, but I imagine the vehicle would still fall under the auto insurance???

    khutch, who did you go through if you don't mind me asking?
     
  7. rodfather

    rodfather LawnSite Fanatic
    Posts: 9,501


    Here in NJ, trucks and trailers are a separate policy from inland marine...and much more money as well.
     
  8. GarPA

    GarPA LawnSite Silver Member
    from PA
    Posts: 2,585

    Inland Marine will cover what is called "contractors equipment"..mowers, handhelds, hand tools, etc...also will cover you if you "borrow" someones tool and it gets stolen.

    The trailer is not covered by IM. Your commerical auto policy needs to list the trailer just like the vehicles. If its not listed on the dec page for comp. coll and liability, you have no coverage if it breaks loose, gets damaged, and or injures someone, or damges their property or vehicle

    Suggest you call an indepedent insurance agent in your town...he/she will advise you of exaclty what coverages you need for your biz operations.

    I saw what a runaway trailer can do when it breaks loose in traffic...it was not a pretty picture. (wasn't mine knock on wood)
     
  9. 65hoss

    65hoss LawnSite Fanatic
    Posts: 6,360

    Thanks guys, I didn't come back to this thread so I didn't see the question.

    They are correct, the Inland Marine doesn't cover your vehicle. Its an attachment that covers your equipment. Like GarPa said, others equipment in your control also.
     

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