Insurance Question?

Discussion in 'Starting a Lawn Care Business' started by CleanCutMowers, Apr 11, 2007.

  1. CleanCutMowers

    CleanCutMowers LawnSite Member
    from SE MO
    Posts: 150

    I am looking at a few accounts and they want insurance so...How much coverage do you guys carry? How much does it run? And what is some more pointers on insurance. Also how much more do you charge if they require it? Thanks!
     
  2. bohiaa

    bohiaa LawnSite Fanatic
    Posts: 5,220

    most Commercial accounts. require you prove you have a million dollars in insurance
     
  3. AllProLC

    AllProLC LawnSite Member
    Posts: 169

    For 1 million on a start up business that has never been insured before, you are looking at around $500.00 per yr. After a yr or 2 of doing biz& being insured could probably get for quite a bit less.
     
  4. hackitdown

    hackitdown LawnSite Silver Member
    Posts: 2,490

    I have 2 mil. overall, 1 mil per incident, $25K equipment coverage, plus lost wages (if the equip is stolen) for about $1,000 per year.
     
  5. DAR57

    DAR57 LawnSite Member
    from NW Ohio
    Posts: 212

    If you don't mind saying- who are your carriers? I am paying $1098/yr for million liability, $1000 deductible/ $15000 for equip. (Not enough to replace anything, but I believe you can be insurance POOR!)
     
  6. THEoneandonlyLawnRanger

    THEoneandonlyLawnRanger LawnSite Senior Member
    Posts: 291

    I have mine through ERIE insurance, 1 million coverage with also property damage for around 380/year. Its my first year with insurance also
     
  7. bigmudder77

    bigmudder77 LawnSite Senior Member
    Posts: 297

    i have 2 million and $10,000 worth of stuff on my trailer (not including the trailer thats with my auto) and it runs me about $425 the year and i have to pay at least 25% of that up front then i can pay the rest by month. but i payed it in full
     
  8. zz4guy

    zz4guy LawnSite Senior Member
    Posts: 901

    I have 1 million coverage for about $300/yr. My truck is what kills me at $400/yr + $50/yr for the trailer. And that is only liability. I am going through United Fire here in Iowa.
     
  9. GSPHUNTER

    GSPHUNTER LawnSite Senior Member
    Posts: 306

    This is going to vary by area, so keep in mind where people are from when they are telling you their rates.
     
  10. Ecoscape01

    Ecoscape01 LawnSite Senior Member
    Posts: 375

    I had no professional experience going into this year and as long as I agreed to transfer my auto policy to Erie (which they saved me almost 50% anyway - yes that's what I said FIFTY PERCENT) and with no employees, I'm payin 264 for the year. I don't have a lot of expensive equipment to insure though so that makes it a little cheaper.
     

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