Insurance

Discussion in 'Starting a Lawn Care Business' started by PhilR, Jul 22, 2003.

  1. PhilR

    PhilR LawnSite Member
    Posts: 4

    Currently I am licensed but not insured. How do I obtain insurance and how much might I expect it to cost? I run a two man operation for lawn and landscaping.
     
  2. polecat63

    polecat63 LawnSite Silver Member
    Posts: 2,655

    Go to an insurance agency and ask about commercial insurance. If you have a regular agent (not a national agent, but one that deal with all companies) then go to them. Cost depends on your state and how much coverage you want.
     
  3. tiedeman

    tiedeman LawnSite Fanatic
    from earth
    Posts: 8,745

    I would suggest at least a minimum of $500,000 coverage to start off with.
     
  4. GLAN

    GLAN Banned
    Posts: 1,647

    OK well, where I am the only way to get a business license is to have insurance
     
  5. Gr grass n Hi tides

    Gr grass n Hi tides LawnSite Bronze Member
    Posts: 1,020

    I posted this a while back:

    "$1,000,000 is not much money these days if an accident happens. Take it from me, I've been in litigation for 10 years. Freakish things happen, that's why they're called accidents.

    Suppose for example your mower hits part of a metal clothes hanger or a rock hidden in tall grass, then it's propelled through a 50 yo man's eye and kills him. At 50 yo this man was in the height of his earning potential (let's just say 50k/yr. for argument sake). If his life expectancy is 74 years, then total lost earnings alone is $1,200,000. You're already underinsured !!!!!!!!!! That doesn't take into consideration other compensable losses for his family. Maybe he has a couple of children and a wife. Then what?

    Or, you're out there trucking along on your hydro with your ear plugs in & as you pass by a vehicle parked in the driveway a 4 yo darts out & somehow gets a foot under your deck.........lifetime impairment rating. You get the idea.

    Besides, I don't think any of us would want to NOT have a way to fix a problem we caused."

    BTW, I pay about $600/yr. for the 1M coverage.
     
  6. A1 Grass

    A1 Grass LawnSite Senior Member
    Posts: 330

    Wow. You really have got me thinking now. I will reevaluate my decision to start with a $300k policy. I found one for $400 a year. I guess that if I shop some more I can find a more affordable but larger limit policy.

    I was just thinking about broken glass and scratched paint...

    Thanks!
     
  7. Gr grass n Hi tides

    Gr grass n Hi tides LawnSite Bronze Member
    Posts: 1,020

    Like you said, shop it around. Check with at least two local insurance agents & there's also a site called www.quotesmith.com, that might help you zero in on some coverage. Best wishes for 2003:)
     
  8. Cooper Landscaping

    Cooper Landscaping LawnSite Member
    Posts: 214

    Gr grass n Hi tides-
    What company is that insurance through?

    Thanks
    -Coop
     
  9. DUSTYCEDAR

    DUSTYCEDAR LawnSite Fanatic
    from PA
    Posts: 5,137

    u can uausally get 2million for not much more that 1 mil is the extra worth it? dont know but i pay for it so i sleep better
     
  10. Gr grass n Hi tides

    Gr grass n Hi tides LawnSite Bronze Member
    Posts: 1,020

    Fireman's Mutual.
     

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