What are you paying for your insurance?

Discussion in 'Starting a Lawn Care Business' started by i8uwithalime, Feb 25, 2011.

  1. EquityGreen

    EquityGreen LawnSite Senior Member
    Messages: 399

    I pay around 4 500 per year for 1 million in liability and all equipment around 50k is covered. Had a small claim this year tho so well see. I use allied insurance
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  2. greenbaylawns

    greenbaylawns LawnSite Senior Member
    Messages: 563

    Columbia Insurance group. My agent foud them or uses them. I don't know.
  3. Landrus2

    Landrus2 LawnSite Fanatic
    Messages: 5,049

    How good is your company on theft claims from small equipment? :waving:
  4. EquityGreen

    EquityGreen LawnSite Senior Member
    Messages: 399

    I never had to make a claim on any equipment.
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  5. XLS

    XLS LawnSite Silver Member
    Messages: 2,038

    We hae 1 million General liability, location coverage, auto coverageand it averages $275.00 per year per crew . In total it runs a little over $12,000.00 a year.
  6. Georgia Lawn Works LLC

    Georgia Lawn Works LLC LawnSite Senior Member
    Messages: 365

    Who do you guys use?
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  7. XLS

    XLS LawnSite Silver Member
    Messages: 2,038

    its a local only company elliot and associates and they have a provider but i dont know their name lol . i seen it one time after their old provider was in a lawsuit and i was notified of this ones name and i remember they were in kansas . sorry i can help .
  8. jetedwardz

    jetedwardz LawnSite Member
    from MA
    Messages: 24

    sorry i know its an old thread but i cant get state farm ins in mass. i just tried.they only offer it if i was already insured for something else through them. also what does the additional insurance on equipement cover thnks.
  9. DiSantolandscaping

    DiSantolandscaping LawnSite Senior Member
    from Maine
    Messages: 345

    i pay 619 a year for 1 million coverage and i got three buisnesses on it drywall paint and landscaping and i have a 2 million claim limit. for commercial auto insurance i pay 920 a year with 500 000 coverage....? maybe a little high but cheapest around my part...
  10. superdog1

    superdog1 LawnSite Member
    Male, from Lebanon, PA
    Messages: 218

    Look, I was in the insurance biz for almost 20 years before starting my LCO. While I know you are trying to find some answers about what is or isn't a good deal?, asking here what others are paying is misleading. With all due respect to you, the answers you receive here will have no bearing on what you are going to pay per year.

    Insurance prices are based on so many variables that it doesn't matter what anyone else is paying, nor what CO they are using. You may go to the same CO that another operator uses claiming to pay only $300 a year and they will give you a quote that is twice as much!

    Just an FYI for everyone here, what you pay is based on the following variables: your credit, location, sole prop. or corp., amount of employees, value of your gear, claims history, type of work you do, type of truck you drive, driving record of yourself, driving record of your employees, limits of liability, amount of gross receipts, payroll, type of benifits you offer your employees and the list goes on and on.

    Asking another LCO what they pay for a year of insurance is the same as asking this question- "If I buy a red Mustang, how fast will it go?" The answers you get will all be different. The best thing you can do is find a large independent agent. I say independent because if you go to Nationwide, State Farm or any other agent that sells for only 1 CO, they can only give you one option. You can try these places for quotes, as they may or may not be cheaper than others, but make sure you also try an independent, as they normally sell for over 30+ CO's and have a lot more options.

    By talking to 3 or more agents, you will be able to pick their brains and get answers to your questions. The other problem is that some agents only sell 3 or 4 commercial policies a year. This is NOT the person you want taking care of you. There are agents out there that only sell commercial policies and nothing else. They have experience and know what you need and do not guess as to what is best for you. If you were having heart surgery, do you want someone who does 100 of them a year, or a Dr. that only does 1 or 2 a year?. I hope you get my point?:nono:

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