in$urance prices?

Discussion in 'Irrigation' started by greenmonster304, Feb 28, 2008.

  1. greenmonster304

    greenmonster304 LawnSite Gold Member
    Posts: 3,158

    just wondering what folks in other areas are paying for insurance. I just got my qoute for liability and workmans comp it is $2200 min with no employees for the year with the possibility of an increase after an audit at the end of the year.
  2. Wet_Boots

    Wet_Boots LawnSite Fanatic
    Posts: 48,000

    Depends on your coverage amounts. You are an employee, in a sense, even if you don't write yourself a paycheck.
  3. Mike Leary

    Mike Leary LawnSite Fanatic
    Posts: 22,065

    Get a CPA.........:hammerhead:
  4. hoskm01

    hoskm01 LawnSite Fanatic
    Posts: 5,690

    Workmans comp for yourself?
  5. Mike Leary

    Mike Leary LawnSite Fanatic
    Posts: 22,065

    You can do that up north, into it like you're a worker,
    which everbody knows the only injury we would sustain would be
    slamming the pick-up door on our foot!
  6. hoskm01

    hoskm01 LawnSite Fanatic
    Posts: 5,690

    Or playing the stereo too loud whilst watching irrigation being installed by said workers.

    Wait, that worker is about to be me!
  7. Wet_Boots

    Wet_Boots LawnSite Fanatic
    Posts: 48,000

    While a solo operation might try to do without Workman's Comp (like, what's the likelihood of suing yourself over an injury) the omission can turn up on year-end reviews on projects you submitted proof-of-coverage information to.
  8. justgeorge

    justgeorge LawnSite Senior Member
    Posts: 352

    I just got jacked up bad. Turns out my original agent 3 years ago submitted my policy as doing lawn care, not irrigation, and I paid only about $430 a year for liability (Ohio screws us on workman's comp on their own). When they discovered their mistake they wanted to take my premium to $2000/year. I shopped around and got it back under a grand including coverage for my vib plows.

    Worksman's comp will run me 6% or so on my employee wages, but not my "wages".
  9. DA Quality Lawn & YS

    DA Quality Lawn & YS LawnSite Fanatic
    Posts: 8,916

    greenmonster - I pay $135/yr for GL ($500K) and do not have equip coverage. Solo op with no employees. Will also look into a mil coverage for not much more (under $200).
  10. ontheedge02

    ontheedge02 LawnSite Member
    Posts: 8

    DA Quality Lawn & YS,
    Who do you use? I'm in MN too and was just quoted $580 for 500/1M liab and another $200 for my equipment.


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