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Liability insurance

Discussion in 'Business Operations' started by Shilohlandscaping, Aug 9, 2004.

  1. Shilohlandscaping

    Shilohlandscaping LawnSite Member
    from Norcal
    Posts: 30

    I did a quick search on liablility insurance on this forum and wasnt able to answer my question.. Having just started up my business (part time for now and mainly just maint..), I called for a few quotes on liablility insurance. They all need me to send more info, but their feeling seems to be that it will run me about 3k per year, considering my projected gross (this year) of about 30k. Is that pretty much in the ballpark? Seems a bit highish to me.


  2. bbhlawn

    bbhlawn LawnSite Member
    Posts: 61

    I would keep looking around. My business insurance guys is also my neighbor and according to him your price is normally figured off the equipment you have. Meaning any equipment over 2500.00 per piece is charged at such and such a dollar amount and anything below is covered under a blanket policy,

    I have a contractor package through American family for all my landscape stuff. 1 Mil policy 250.00 deductable costs 932.53 for the year. According to my guy the price really depends on the amount of equipment covered.

    Now if I could just find a good health insurance policy....
  3. Shilohlandscaping

    Shilohlandscaping LawnSite Member
    from Norcal
    Posts: 30

    Just got back my second quote.. $2493.00 / yr. Thats for $500k per incident coverage and $1 M aggregate. It also included $55 per year for equipment coverage and a $43.00 terrorism rider.. sheesh. I think that the rider is optional.
  4. TSM

    TSM LawnSite Senior Member
    from MA
    Posts: 711

    terrorism rider, huh?? what, in case a terrorist steals your line trimmer and runs through the mall with it??

    when it comes to any kind of insurance, get quotes from several different agencies. Many, in my opinion, dont have a clue so they try to oversell coverage (you know, like terrorism riders :) )
  5. Team Gopher

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

    Hi Shilohlandscaping,

    Here is another post that discusses insurance prices.
  6. tiedeman

    tiedeman LawnSite Fanatic
    from earth
    Posts: 8,745

    I pay about $951 for 1 mil coverage

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