Insurance price

Discussion in 'Business Operations' started by Dixie Bluegrass, Mar 21, 2006.

  1. Dixie Bluegrass

    Dixie Bluegrass LawnSite Member
    Posts: 64

    I just had an insurance agent give me a bid on a $1 mil general liability plan. He said that it would be $1250 a year.That includes the equipment ($11,000 worth). That sounds a bit high. What do ya'll think?
  2. Fantasy Lawns

    Fantasy Lawns LawnSite Bronze Member
    Posts: 1,913

    Sounds OK to me .... in FL ....the bulk of the premium is based on number of employees'

    fore me 3 full time 2 part time .....n $35k on equip .... with a $500 deduct is $1650 ... $1M

    My truck commercial with State Farm is $1600 per truck ...but I just got commercial insurance with Progressive on another business truck of mine which is $1400 yearly .... so I'll be switching over all of em to save $200 per year
  3. Cut2TheQuick

    Cut2TheQuick LawnSite Member
    Posts: 15

    I live in Tennesse and just got a quote for basically the same thing. $1M general liability and 20K for equipment. The quote was for $920 and Travelers was the underwriter.

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