Insurance Info

Discussion in 'Starting a Lawn Care Business' started by MJM928, Mar 23, 2005.

  1. MJM928

    MJM928 LawnSite Member
    Posts: 5

    I Started Mowing About The Middle Of Last Season. It's Good Money! The Question I Have Is, What Kind Of Ins. Is Essential To Have, And How Much. Thanks.
  2. specialtylc

    specialtylc LawnSite Bronze Member
    Posts: 1,656

    The first thing you need is business insurance on your truck and trailer. Then a general business liability policy. These are a must. Minimum is at least $500,000 on each policy.IMO.
  3. Precision

    Precision LawnSite Silver Member
    Posts: 2,995

    The break points on insurance are 300k 500k 1 million 3 million and 5 million

    The price difference on your GL between 300 and 500 is minimal $100-200 per year. Same for stepping up to 1 million. IMO the least you want to get is 1 million but it does depend on your assets and state law.

    I would get minimum 500k liability on vehicles. Get comp on your trailer. Mine is $50 per year. For GL get 1 million and get an equipment rider to cover your expensive equipment. My 1 million policy with 30K in itemized coverage ($500 per incident decuctable) for equipment is $1080 per year.
  4. MDMowing

    MDMowing LawnSite Member
    from Midwest
    Posts: 58

    GL Insurance and auto insurance we carry. We have a 300K GL policy w/ a 5K rider for the other equipment. Costs about $530. year. payup

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