1. Missed the live Ask the Expert event?
    Not to worry. Check out the archived thread of the Q&A with Ken Hutcheson, President of U.S. Lawns, and the LawnSite community in the Franchising forum .

    Dismiss Notice

How much is everyone paying in insurance per year

Discussion in 'Business Operations' started by hickory, Oct 13, 2004.

  1. hickory

    hickory LawnSite Member
    Posts: 63

    How much is everyone paying in insurance per year. 10k, 15k or 20K. What percentage is this of you gross income?
  2. walker-talker

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

    $600 a year for 12K on equipment and 1 mil, 2 mil ag for general liability.
  3. ReckordGeneralMaintenance

    ReckordGeneralMaintenance LawnSite Member
    Posts: 37

    Thats a great price im paying about 1200 for about the same
  4. twins_lawn_care

    twins_lawn_care LawnSite Senior Member
    Posts: 932

    Small time here, solo guy
    $383 for 500/1mil and it is $30 extra to add my vehicle as business use.
    thought it might help out some new guys though.
  5. Fantasy Lawns

    Fantasy Lawns LawnSite Bronze Member
    Posts: 1,913

    With 5 employees .... $1200 for 1 Mill liability .... $1600 per truck for 1 Mill on the vehicles .... just under $10k for WC for the year
  6. Randy Scott

    Randy Scott LawnSite Bronze Member
    Posts: 1,915

    At about 14K now for everything, will most likely go up when the WC gets audited at the end of the term.
  7. Kelly's Landscaping

    Kelly's Landscaping LawnSite Platinum Member
    Posts: 4,342

    About 7 k a year it will be going up with the new truck next month. It works out to about 2-3% of our gross income which is much more then I would like to spend.
  8. Soupy

    Soupy LawnSite Gold Member
    Posts: 3,125

    I have the same exact thing/price as Walker-talker. I also have a contractors policy with it that covers all hand equipment and tools. This covers anything in my tool box, truck and shop, up to $5,000.
  9. Branchland

    Branchland LawnSite Senior Member
    Posts: 354

    I think mine is like yours Soupy, for the same price. Mine's with Erie Insurance
  10. JustMowIt

    JustMowIt LawnSite Senior Member
    Posts: 367

    Truck insurance is $20,000 for liability only. 1.42% of Gross.

Share This Page