Insurance Premiums

Discussion in 'Business Operations' started by tsh1773, Aug 9, 2004.

  1. tsh1773

    tsh1773 LawnSite Senior Member
    Posts: 319

    I would like to know how my insurance coverage and premiums match up with other companies. I do most of the work myself but occasionally use a helper.

    I just bought general liability and workers comp.

    The GL is $500 for $1,000,000 coverage with $500 deductible.

    The WC is a ghost policy for $750.00

    How does that rank with yours? Am I paying too much?
  2. rodfather

    rodfather LawnSite Fanatic
    Posts: 9,501

    $750 for WC on your pt helper is probably alot...but you will get a refund after they audit you. 5 hundred for a mil GL coverage is pretty good IMO. Does that include inland marine coverage (theft on equipment) as well??? Probably not I would think...
  3. Team Gopher

    Team Gopher LawnSite Platinum Member
    from -
    Posts: 4,041

    Hi Tsh1773,

    Here is a quote from this post.

    "I have a contractor package through American family for all my landscape stuff. 1 Mil policy 250.00 deductable costs 932.53 for the year"
  4. tiedeman

    tiedeman LawnSite Fanatic
    from earth
    Posts: 8,745

    both of those quotes are lower for mine

    $951 for 1 mil liability and $850 for WC My liability went up, get this, $349 after my audit this spring. OUCH!!!!!

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