Insurance and bonding?

Discussion in 'Starting a Lawn Care Business' started by Basilhayden, Oct 14, 2009.

  1. Basilhayden

    Basilhayden LawnSite Member
    Messages: 69

    I am curious as to what type of insurance do you guys carry? Is there a difference depending on whether you do more residential or commercial? About how much does the avg. insurance policy and bond cost? Should I worry with insurance while first starting out with residential only yards? Thanks
  2. mowerbrad

    mowerbrad LawnSite Fanatic
    Messages: 6,268

    You will want insurance!!! It can cost anywhere from aroung $400-$1200+ depending on what you get. For general liability an average policy is about $1million which is usually the minimum you need for commercial accounts. But if you are just doing residential you may be able to get by with $500,000. But no matter what you will want it, just in case there is an accident while you are working.
  3. greenbaylawns

    greenbaylawns LawnSite Senior Member
    Messages: 563

    general liability cost me $370 a year for 2 million, no Workman's comp
  4. johnsonslawnmanagement

    johnsonslawnmanagement LawnSite Senior Member
    Messages: 908

    A general liability policy is a must. We carry 2 mil worth of coverage for like $400 yr. $1000 bond cost us $75 . Most commercial properties will require some amount of general liability to even turn in a bid.
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  5. mowerbrad

    mowerbrad LawnSite Fanatic
    Messages: 6,268

    I can't get those great of prices for insurance up here. I'm at about $950 for a $1million policy right now.

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