insurance

Discussion in 'Lawn Mowing' started by dmk395, Oct 6, 2000.

  1. KirbysLawn

    KirbysLawn Millenium Member
    Posts: 3,486

    $315 per year, $1 million coverage, one man show.
     
  2. Keith

    Keith LawnSite Gold Member
    Posts: 3,977

    Nationwide
     
  3. Runner

    Runner LawnSite Fanatic
    Posts: 13,496

    Holy Smoke! By the sounds of what some of you guys are paying,-for what you are getting, I think I better shop around a little bit for next year!
     
  4. Toddppm

    Toddppm LawnSite Senior Member
    from VA
    Posts: 268

    Man i wish. Just paid my 1 mil. liability and equip. ins, $3200. Hard to find coverage for the tree work part of my bus.

    [Edited by Toddppm on 10-07-2000 at 11:41 PM]
     
  5. tpirobert

    tpirobert LawnSite Member
    Posts: 207

    $500/year, 1 million coverage and $250 deductible. Dropped full time employees, so expecting refund on workers comp..
     
  6. landscaper3

    landscaper3 LawnSite Bronze Member
    Posts: 1,354

    We carry one million in contractors insurace the term cost is $300.00 a year which also covers $45,000 worth in our equipment, then its $800yr for workmans comp per employee.
     
  7. Pauls Mowing

    Pauls Mowing LawnSite Member
    Posts: 207

    We pay $300.00 per year for 500K. includes equipment, no employees, just me and my wife. $250.00 ded.

    Brian C.-- who is your carrier? sounds like the best deal.

    Paul
     
  8. Samurai WeedWacker

    Samurai WeedWacker LawnSite Member
    Posts: 93

    Zero. It's not required in this state for what I do. Been in business 18 years and never had a problem. It WOULD be required if I was working on sprinkler systems.
    The contract I use for snow removal service states I am "not responsible for ice or damages or injury due to ice or slippery conditions."
     
  9. jaclawn

    jaclawn LawnSite Senior Member
    Posts: 490

    A lot will depend on your exposure and the dollar amount that you subcontract.

    For example: Solo operator A cuts grass by himself 6 days per week, and does not do any subcontracting. His total sales are $40K per year.

    Solo operator B cuts grass by himself 3 days per week, and subcontracts out all other grounds maintenance tasks; tree work, mulch, fert, landscape install... His gross sales from his mowing are $20K.

    Who pays more in insurance?

    B. Because his exposure is much greater because of all the subcontracting. He may do a total in excess on $100K for the year. That is what they base your premium on.

    It can be very misleading for contractors to compare business insurance between themselves. Nearly all times, you are not compring apples to apples.
     
  10. Richard Martin

    Richard Martin LawnSite Fanatic
    Posts: 14,700

    Samurai wrote:

    {Zero. It's not required in this state for what I do. Been in business 18 years and never had a problem. }

    And yet it only takes one incident to wipe out everything you own. Liability insurance is not required in Maryland either but I still have it.
     

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