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how much insurance shoud i purchase

Discussion in 'Business Operations' started by daveintoledo, Mar 13, 2005.

  1. daveintoledo

    daveintoledo LawnSite Silver Member
    Posts: 2,587

    im starting part time with a dba account, how much liability inshurance should i have , looking at around 20 residential accounts....

    thank you for any help
  2. stumper1620

    stumper1620 LawnSite Bronze Member
    Posts: 1,889

    as a DBA.
    Its your A** Buy as much as you can afford.
    Seriously, what is your personal assets worth to you, In a liability lawsuit
    that is what could end up in jeopardy. Everything you own is at risk as a DBA
  3. snap12.5

    snap12.5 LawnSite Senior Member
    from Ohio
    Posts: 288

    quick question for a newbie - dba means what?
  4. CamLand

    CamLand LawnSite Bronze Member
    Posts: 1,300

    Doing business As...
  5. walker-talker

    walker-talker LawnSite Platinum Member
    from Midwest
    Posts: 4,771

    Go with $1,000,000 general liability. Most businesses will require this much, if not double. Also, there is now much difference in the premimum from $500,000 to $1,000,000.
  6. daveintoledo

    daveintoledo LawnSite Silver Member
    Posts: 2,587

    as a small timer, would i benefit from going the full rout and getting the limited liability corporation, as a one man band so to speak, would i be smarted to go dba or llc....?

    Thanks again for any help
  7. Classic Lawn

    Classic Lawn LawnSite Senior Member
    Posts: 306

  8. Clapper&Company

    Clapper&Company LawnSite Bronze Member
    from NE Ohio
    Posts: 1,291

    2,000,000 is what i'm planing on getting this year, got a quote for $548 for the year. Is that good price?
  9. stumper1620

    stumper1620 LawnSite Bronze Member
    Posts: 1,889

    I'm still a DBA, but I"m gonna go LLC sometime yet this year. Just cover your butt until you go LLC, you can keep the same name they just add LLC on the end. :D
  10. Darryl G

    Darryl G LawnSite Fanatic
    Posts: 8,033

    I'd go with a million if you can afford it...$300,000 minimum.

    We chose the LLC set up...affords better liability protection.

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