Liability quote - to expensive or good?

Discussion in 'Starting a Lawn Care Business' started by JFGauvreau, Jan 26, 2010.

  1. JFGauvreau

    JFGauvreau LawnSite Bronze Member
    Posts: 1,297

    Well i'm searching for a liability insurances and today I just got my first quote.

    2,000,000$ coverage
    14,000$ worth of equipment (theft, fire , vandalism)
    1,000$ deductible

    around 950$ per year.

    What do u think?
     
  2. lawnkingforever

    lawnkingforever LawnSite Bronze Member
    Posts: 1,280

    My annual premium is 425$, but I have half the coverage you have. I have 1 million in liability and $7500 on equipment. I was told 1 million is ok for a mostly mowing operation, which I have.
     
  3. Jim Bo

    Jim Bo LawnSite Member
    Posts: 34

    Get at least 5-10 estimates, you can spend half a day on the phone and email all the companies the same info. I did this last fall and ended up saving $800.00.
     
  4. JFGauvreau

    JFGauvreau LawnSite Bronze Member
    Posts: 1,297

    Ya its my first quote, I will shop around lol

    But ya between 1m and 2m there is only 25 bucks of difference.
     
  5. NMS0219

    NMS0219 LawnSite Senior Member
    Posts: 610

    who was that quote from? Does not sound bad to me.
     
  6. JFGauvreau

    JFGauvreau LawnSite Bronze Member
    Posts: 1,297

  7. NMS0219

    NMS0219 LawnSite Senior Member
    Posts: 610

    thanks have to check it out, I deal with a broker now has like 30 companys to deal with
     
  8. Total Grounds Maintenance

    Total Grounds Maintenance LawnSite Member
    Posts: 243

    Be careful when getting insurance. There is residential and commercial policies. I found out the hard way.
     
  9. JFGauvreau

    JFGauvreau LawnSite Bronze Member
    Posts: 1,297

    Ya my quote was for commercial....
     
  10. C&R_Lawn_Care

    C&R_Lawn_Care LawnSite Member
    Posts: 19

    mine is 1mill liabil. and 6k in inland marine equipment and its 600.00
     

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