My Insurance Agent is 2 bricks shy of a load!!!!

Discussion in 'Business Operations' started by turfmaster90, Apr 15, 2003.

  1. turfmaster90

    turfmaster90 LawnSite Member
    Messages: 68

    Talked to my insurance agent to find out why they increased my business insurance over 120 %. His reply was "Well you didn't have a claim last year
    so you are do for one." I shopped around for some insurance and located a agent who will write a 2 million policy for 600.00 per year. It will cover all my equipment also.

    I called my agent and told him I was accepting insurance bids for my business. He said "What"
    I said "I will be accepting bids until next Thursday." He said, "I thought we had a good relationship." I told him "Business is business"
    When and if he sends me the quote that surely will have the increase of 120 % I will send it back to him with a note saying "Sorry we have accepted another bid. We didn't take bids last year so we were due to take bids."

    I'll be going with Erie Insurance. The saved me $300.00 for the upcoming year.

    :D :D
  2. LB Landscaping

    LB Landscaping LawnSite Bronze Member
    from Maine
    Messages: 1,309

    They raised your insurance and you didn't have a claim last year?? Thats sounds pretty scetchy to me. Insurance shopping definatly pays off.
  3. rodfather

    rodfather LawnSite Fanatic
    Messages: 9,501

    Find a broker who represents and write policies for many insurance companies. That's just what we just did and saved a ton on Workmans Comp.
  4. Tharrell

    Tharrell LawnSite Silver Member
    Messages: 2,967

    Kool response to your agent! Sometimes I think the insurance industry is owned by the mob. Hey, it's a protection racket isn't it? Their logic is the same as a bank. That's probably why a lot of companies self insure when they can.
  5. Mike Bradbury

    Mike Bradbury LawnSite Senior Member
    Messages: 492

    I read that business insurance rates will average a 50% increase this year over last!
    They lost their *ss in the stock market with OUR money and now it is MANDATED that they rates their rates to make their GUARANTEED PROFITS.
  6. hustlers

    hustlers LawnSite Senior Member
    from MN
    Messages: 257

    i dispise all insurance scams,

    they are good but very crooked, they make so much money
    its pathetic.

    When you pay your 1000 for insurance your agent puts 600
    in his pocket, and 400 pays for the policy

    talk about easy money
  7. cos

    cos LawnSite Addict
    Messages: 1,253

    I have to shop around due to mine going out of business. I have until may 15th.
  8. LawnGuy73

    LawnGuy73 LawnSite Bronze Member
    Messages: 1,946

    Ours went up too, what a joke..
  9. DLCS

    DLCS LawnSite Platinum Member
    Messages: 4,386

    LMAO, I like that comeback.
  10. KirbyKLC

    KirbyKLC LawnSite Member
    Messages: 31

    :confused: :confused: Why are we whinng here?? Why are we in business???

    And the answer is:

    The same reason the insurance company, your mower dealer, your truck and trailer dealer, the gas station, and anyone else is in business; TO MAKE SOME $$$$$!!!

    You did what you need to do--- shop around. Just like some of our customers do if they don't like the price increases that we give them.

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