Insurance Question- Liability or theft?

Discussion in 'Business Operations' started by customcurbdesigns, Jun 1, 2008.

  1. customcurbdesigns

    customcurbdesigns LawnSite Member
    from Tampa
    Posts: 203

    I have a question. I had a 1,000,000 liability policy but it didnt cover the theft of my trailers, only my equipment. They said for me to cover the theft of my trailers, they had to be under a commercial policy on my car insurance. Is this true?

    Do most of you have a commercial insurance policy on your vehicle as well as your equipment? What are you paying?

    they wanted 350.00 a month...seems crazy high to me.
     
  2. kjslawn

    kjslawn LawnSite Senior Member
    Posts: 618

    My policy Is $900 for 1mil bus liability and $265 month for 2 trucks 2 trailers 2 ZTRs 2 Walk behinds 2 Blowers 4 Trimmers Commercial Plus theft on all.
     
  3. kjslawn

    kjslawn LawnSite Senior Member
    Posts: 618

    Thats $900 a year Sorry
     
  4. customcurbdesigns

    customcurbdesigns LawnSite Member
    from Tampa
    Posts: 203

    Wow, thats a freaking deal ...where did you get that at?


    Is the stuff in your company name or business name or did it matter?
     
  5. kjslawn

    kjslawn LawnSite Senior Member
    Posts: 618

    Company name Independant agent But poilicy is with OHIO Casultys Group
     
  6. VBsnow

    VBsnow LawnSite Member
    Posts: 241

    The actual name of the company is Ohio Casualty Group. They are great for landscapers, however, you cannot compare rates across state lines. Especially in Florida.
     
  7. JimmyStew

    JimmyStew LawnSite Senior Member
    Posts: 367

    Yes, this is true. The trailers are covered under your auto policy (not sure if you have to have comp/collision to get theft coverage). Why do you think "they" lied to you?
     
  8. VBsnow

    VBsnow LawnSite Member
    Posts: 241

    No it's not correct. Often the traielrs are covered better and cheaper under the inland marine policy. The auto policy should note them for liability. Not "theft," "comp" or Collision."
     
  9. VBsnow

    VBsnow LawnSite Member
    Posts: 241

    Testing 1, 2, 3, 4
     

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