1. Can’t make it to the GIE+EXPO 2017?
    LawnSite brings the trade show floor to your fingertips with our new GIE+EXPO 2017 Sneak Peek video series debuting now in the Lawn Mowing forum.

    Dismiss Notice

Sole proprietors

Discussion in 'Business Operations' started by snap12.5, Mar 10, 2005.

  1. snap12.5

    snap12.5 LawnSite Senior Member
    from Ohio
    Messages: 288

    in total, how much do u guys pay annually in liability insurance, vehicle insurance, storage, and other overhead???
  2. walker-talker

    walker-talker LawnSite Platinum Member
    from Midwest
    Messages: 4,771

    $600 for 1mil, 2mil agg for GL, $600 pesticide GL written into that and $432 for $12K equipment ins. and $408 for two trucks. All prices are rated per year.
  3. two_planks

    two_planks LawnSite Member
    Messages: 206

    $750 for 2mil, $576 for disability, $684 for one vehicle
  4. fairwayCuts

    fairwayCuts LawnSite Member
    Messages: 161

    I just got a quote from my insurance guy the other day from Nationwide. For 300K/600K along with theft on my equipment(5K) and an accounts recievable rider it was about $450/yr. He also gave me another quote for I think 1m/2m theft and the accounts recivable rider for I believe 550/yr. I had also gotten a quote from Erie and they were a bit higher( 75-100 more). As for my auto ins, I pay $88.00 per month.
  5. twins_lawn_care

    twins_lawn_care LawnSite Senior Member
    Messages: 932

    500/1mil from Am Fam is $380 a year here.
    truck insurance (state farm) $636

    license $75

    overhead... too much to list, but too important not to figure out! license, insurance, advertising, gas, equipment, computer, supplies, etc.

    All of my costs included it costs me about $22 an hour to operate (I'm part time still, so this is based on 300 man hours) this includes my salary (pay myself $15/hour for this figure, so $7 for all others). above this is the profit to the business.

    hope this helps.
  6. lqmustang

    lqmustang LawnSite Senior Member
    Messages: 620

    Liability including pesticides, plus equipment up to $8k is $484 thru Erie.

    Have my truck thru State Farm about $850/yr.
  7. snap12.5

    snap12.5 LawnSite Senior Member
    from Ohio
    Messages: 288

    thanks for the replies. my estimates were not far off.
  8. procut

    procut LawnSite Bronze Member
    Messages: 1,852

    $402/year for 2 million liability plus $8000 equiptment.

Share This Page