Liability Insurance (who are the best providers?)

Discussion in 'Business Operations' started by dmc456, Jan 25, 2004.

  1. dmc456

    dmc456 LawnSite Senior Member
    Posts: 384

    I know there are a lot of posts about how much everyone pays for liability insurance, but most don't say who is their insurance provider. If you think your getting a good deal, don't keep it a secrete.

    Please list list your coverage, deductibles, and provider. I'm looking for an inexpensive $1MM policy since I'm just starting out.
     
  2. craigs lawncare

    craigs lawncare LawnSite Senior Member
    Posts: 310

    Dmc456,

    Last year I was with farm bureau, (actually I still am) but they raised my rates about $300 to close to $1000 last year and I have never made a claim on it. I am sure there are better rates out there. Especially since I only do this part-time. Their answer to the increase was this, "Lawn maintenance is a risky business."
    The lady asked me several strange questions while I was on the phone with her regarding my business. The strangest was, do I have my own jet for the business? :rolleyes:
    These insurance companies are pathetic. They look for anyway possible to get out of paying claims, and new ways to increase your premium.
    It is time to start shopping around I guess.

    Craig
     
  3. TREEGODFATHER

    TREEGODFATHER LawnSite Member
    Posts: 203

    I have Arbella, about $3400 for $500k... $2k deductable.

    No offense, but why such high coverage? I mean, one million dollars? How bad can you screw up to do that much damage?

    Just wondering...
     
  4. ElephantNest

    ElephantNest LawnSite Bronze Member
    from La.
    Posts: 1,878

    Many commercial accounts require 1Million insurance.

    You are telling me you pay $3400.00 a year??????? Wow, wish I was your insurance man. 500K coverage goes for about $600.00 a year here.
     
  5. dmc456

    dmc456 LawnSite Senior Member
    Posts: 384

    In KY to have a pesticide license you have to carry a $1MM policy. Its the price of being legit.
     
  6. grass_cuttin_fool

    grass_cuttin_fool LawnSite Gold Member
    Posts: 3,504

    I have erie insurance 100k with a zero deductable, but keep in mind that mine is for mowing only with 1 person no snow removal or landscaping just for mowing, i can do mulching and pruning of shrubs and be covered but that is about it, i am not covered on the planting of new shrubs and trees, but since i dont have that equipment i have some friends that do and i have the homeowners get them to do it, we swap off work. My policy is $159.00 for 12 months
     
  7. PROCUT1

    PROCUT1 LawnSite Platinum Member
    from TN
    Posts: 4,909

    WOW thats like 2000 dollars for 100,000 in coverage. dam I pay half that for a million
     
  8. TREEGODFATHER

    TREEGODFATHER LawnSite Member
    Posts: 203

    Yes, but consider the higher liability I have. That's actually CHEAP for a policy in my industry.
     
  9. Rhodester

    Rhodester LawnSite Member
    Posts: 48

    "I mean, one million dollars? How bad can you screw up to do that much damage?"


    My lawyer just settled a case for one eyeball.

    $1.2 million dollars.

    I'd imagine pile-driving somebody with a tree might be more.


    Dave
     
  10. TREEGODFATHER

    TREEGODFATHER LawnSite Member
    Posts: 203

    I'd love to hear how the eyeball was lost. Employee? Bystander?

    Pile-driving someone with a tree is virtually impossible. (although I have been tempted to, on occasion):D

    Now then, are you saying it'd be advisable to up my policy if I add (as I'm looking into) a grounds-care crew?
     

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