My agent (Nationwide) quoted me $850 for 500,000 + equipment coverage... I called an Erie agent.. they won't take me as a business unless I have a 3 year no-loss history with them... so I would need to insure a vehicle, etc.. through them for 3 years first??? yeah right!... awaiting a call back from an agent on some other quotes.....

 

I am paying $795/year for 300,000/600,000 liability. About the same as Homer. Wish I could get the rates some of you other guys are getting

 

I pay $46 a year for a $300K/$600K liability/equipment policy as a rider to our homeowners policy thru Grinnell....

 

Usually (in Canada anyway) the cost for liability insurance is based on your gross receipts. I guess they figure the more work you do, the higher the chance of a claim. Try to keep all your insurance (even home, auto, cottage, boat, snowmobile etc.) with one company (or broker) to take advantage of any multi-policy discounts that are available (they are also more likely to help you out if you have problems). Also be careful of "high risk" types of work ie. chemical applications, commercial snowplowing. I ended up subbing out all of my weedspray and chemical applications 'cause the cost of the insurance just didn't warrant me doing it myself. Also in my opinion, don't try to save money by having too little liability insurance, my fiance is an insurance broker and they have a client who is is still paying for an accident he had in 1984 that ended up costing more than his liability limit. I have 2 million with an umbrella rider that covers me and all my personal "stuff" up to 5 million

 

I pay $270 for $300,000 for myself and wife through Erie......I thought that was good, but as I read, maybe not.......

 

Ron that is pretty good. I pay about $1000 more than you for the same coverage here in MA.

 

As an addendum to my previous post, the reason I stated that liability insurance is based on your gross receipts, is that it's impossible to compare your rates with someone else's. You can compare your rate per. $100,000.00 gross receipts but not your final total. Someone that grosses $750,000.00 is gonna pay a lot more than someone who grosses $75,000.00