Liability insurance

Discussion in 'Business Operations' started by mike payne, Jan 16, 2002.

  1. mike payne

    mike payne LawnSite Member
    Messages: 75

    What is a good price for liabiliy insurance? What company do you use? Thanks.
  2. Lawn Dog2001

    Lawn Dog2001 LawnSite Bronze Member
    Messages: 1,030

    It really depends on what coverages you want.

    Are you interested in just liability?

    Will you be adding on all of your equipment to be covered?

    Do you need to be covered for pesticide use?

    These are all things that you need to consider. I am insured for up to 1million$ for liability including pest use. My policy also covers all of my equipment. I am a little below $1000 in price.
  3. Guardian

    Guardian LawnSite Senior Member
    from Florida
    Messages: 269

    Another factor in addition to what lawndog said is your business volume. We started out with 1 million liability (which is really only 500k for any "one time" accident) and 10k coverage on equipment - that cost $650/yr -BUT at the end of the year, the insurance CO. audited us and because we made more than a certain amt, they charged us an extra $300.
  4. GreenStar

    GreenStar Banned
    Messages: 114

    i use farmers my equipment and liability is $750 bucks. half million/million and $30k in equipment. i also get my medical from them
  5. SCL

    SCL LawnSite Senior Member
    Messages: 543

    Liability from Pekin. Half million/million, ~$300 a year

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