Liability insurance

Discussion in 'Business Operations' started by KB8, Aug 2, 2004.

  1. KB8

    KB8 LawnSite Member
    from PA
    Posts: 5

    liabilty insurance. Who do you contact about getting that. I wanna get this.
     
  2. T.E.

    T.E. LawnSite Senior Member
    Posts: 799

    start with your auto,or home owners agent.
     
  3. Black95gt

    Black95gt LawnSite Member
    Posts: 56

    How much does it typically cost for liability insurance?
     
  4. PROCUT1

    PROCUT1 LawnSite Platinum Member
    from TN
    Posts: 4,909

    I would call an insurance company....but thats just me
     
  5. Fantasy Lawns

    Fantasy Lawns LawnSite Bronze Member
    Posts: 1,913

    Your rate is going to vary according to your location, number of employees, type of work performed

    Fore me my rate for $1M is $1600 per year while a good solo buddy of mine has $500k for just over $400
     
  6. Tharrell

    Tharrell LawnSite Silver Member
    Posts: 2,964

    Fantasy, what's your volume if you don't mind me asking? I got a quote from Nationwide for 1m @ Around $800 for less than 15k. I'm assuming your volume is much more than that and does that number include your inland marine?
     
  7. Team Gopher

    Team Gopher LawnSite Platinum Member
    from -
    Posts: 4,041

  8. Fantasy Lawns

    Fantasy Lawns LawnSite Bronze Member
    Posts: 1,913

    the gross is only a small factor ....they use estimated yearly payroll & the # of employees as the main consideration .... beyond that it's scope of work ie spray, tree, construction all cause a higher rate as well as W/C rate

    Like I said a good solo friend of mine is $500k for $400

    In my case it's 5 full time 2 part time ..... maintanence only .... no install, spray or chain work ... this is not with equip replacement value & commercial vehicle with Allstate is $1200 per year per vehicle
     

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