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insurance cost

Discussion in 'Business Operations' started by lordmaximus240, Jan 22, 2007.

  1. lordmaximus240

    lordmaximus240 LawnSite Member
    Messages: 63

    Got new insurance, $1,000,000 liability with $10,000 equipment with a $500 deductible on the equipment for $685 ayear. I am a happy camper. What do you guys pay? No employees no workers comp.
     
  2. lawnprosteveo

    lawnprosteveo LawnSite Bronze Member
    from Tulsa
    Messages: 1,930

    That sounds like a great rate. I think I pay almost that for $300k and only $7,000 equip. What company did you deal with?
     
  3. lordmaximus240

    lordmaximus240 LawnSite Member
    Messages: 63

    its through Erie the local agent was Handley Insurance in Knoxville
     
  4. lawnprosteveo

    lawnprosteveo LawnSite Bronze Member
    from Tulsa
    Messages: 1,930

    are they the broker that you bought it through or are they the actual insurer?
     
  5. lordmaximus240

    lordmaximus240 LawnSite Member
    Messages: 63

    handley is the broker erie is the actual insurers, it saved me $500 a year
     
  6. AlleganyLawnCare

    AlleganyLawnCare LawnSite Member
    Messages: 180

    I have an occurrence limit of $1 mil subject to a $2 mil policy aggregate. Liability coverage is $250 dedutcible. Includes theft. I pay $400 a year. It is through Frederick Mutual Insurance Co. out of Frederick, MD
     
  7. dennys-lawn

    dennys-lawn LawnSite Member
    Messages: 135

    $1,000,000.00 General Liability, $1,000,000.00 Equipment =
    $2,000,000.00 Aggregate policy. $750.00yr with no deductible. Rate is based on sales. Don't have the % handy.
     
  8. WJW Lawn

    WJW Lawn LawnSite Bronze Member
    Messages: 1,330

    Denny...Im digging the logo!
     
  9. ED'S LAWNCARE

    ED'S LAWNCARE LawnSite Senior Member
    Messages: 361

    1 mill liability 50k equiptment 500 year after the first year
     
  10. dennys-lawn

    dennys-lawn LawnSite Member
    Messages: 135

    Thanks WJW. Did it my self.
     

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