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FLA Insurance SKY HIGH

Discussion in 'Starting a Lawn Care Business' started by Desoto_Lawn_Care, May 31, 2007.

  1. Desoto_Lawn_Care

    Desoto_Lawn_Care LawnSite Member
    from FL
    Messages: 49

    Just got a quote today from State Farm, For a one-man solo operation with $1,000,000 liability including 5k in equipment is $1,600 a year. So I tried at $500,000 liability and it is only $100 less.

    Is there anybody in the Tampa Bay area that has a better insurance premium than this? I would like at least 500k liability (preferably 1 million for commercial jobs) and very little (or no) equipment coverage with a $500 deductible.
  2. cpel2004

    cpel2004 LawnSite Bronze Member
    Messages: 1,415

    Raise your deductible to 1k. Drop the two cycle equipment and your policy should be around 800-1000. I would go to a insurance broker.
  3. Desoto_Lawn_Care

    Desoto_Lawn_Care LawnSite Member
    from FL
    Messages: 49

    5k is the minimum for equipment coverage w/ state farm. I'm going to contact a local broker tomorrow who I heard had better rates, but with probably much less coverage.
  4. cpel2004

    cpel2004 LawnSite Bronze Member
    Messages: 1,415

    Try GMAC insurance, if your only doing residential currently I wouldn't get 1million in coverage. If you do get some commercials then you can call your agent and increase your limit with a phone call.
  5. Desoto_Lawn_Care

    Desoto_Lawn_Care LawnSite Member
    from FL
    Messages: 49

    Thank You Cpel, I contacted a local GMAC agent and they got me set up with a much better rate. They said GMAC itself doesn't do my specific kind of insurance but they got me hooked up with another company that does. 1 million general liability plus the 3k for equipment that I wanted for 567 a year.
  6. BNR lawns

    BNR lawns LawnSite Member
    Messages: 4

    I have state farm I am in chicago though. my policy is 2 million and 500 thousand workmans comp and I pay 1567 a yr.
  7. Patriot Services

    Patriot Services LawnSite Fanatic
    Messages: 13,552

    Try Five Brothers Insurance on Dale Mabry. I have all my insurance through them (home, auto, biz, life). They are brokers who can find you what you are looking for. My 2 million policy is only 1000 a year but, I have been with them for 10 years with no claims and good credit.:usflag: :usflag: :usflag:
    ericg likes this.
  8. sancho_man_orlando

    sancho_man_orlando LawnSite Member
    Messages: 216

    try to see if you have a "Fed USA" in your area. Mine is $562 for the year.
  9. CuttingEdge LLC

    CuttingEdge LLC LawnSite Member
    Messages: 132

    i got a $2 mil policy for $741 a year. State farm quoted me at $9XX...State farm is normally really cheap as I only pay $208 per mth. on my 07 Titan (commercial policy) and an 06 EB Explorer...good luck with your find..
  10. FyrFyt

    FyrFyt LawnSite Member
    Messages: 56

    Hey Desoto what company did they set you up with?

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