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Why the drastic price change??

2k1yzfr1

LawnSite Senior Member
Location
Waco Texas
I have been calling around the past couple weeks on quotes for $500,000 general liability and an inland marine policy for about 20K worth of equipment. The quotes for the equipment were what I think is fair at around $400 yr. The liability insurance is around $1000-1200 a year for my 1.5 man lawn business. I've been reading on here and noticed most people are paying around $400 for a 500K policy. Why would there be such a price difference?? Does location matter??
 
OP
2

2k1yzfr1

LawnSite Senior Member
Location
Waco Texas
yeah you should see him on the trimmer :confused: 1.5 man would equal 1 full time and 1 part time........I just got lazy sorry for the confusion.
 

tiedeman

LawnSite Fanatic
Location
earth
for my product and liability ($1 mil) I only pay about $1,300.00
 

brucec32

LawnSite Platinum Member
Location
Atlanta, GA
1. do you have a track record?
2. have you been insured before?
3. what's your credit rating like?
4. if previously insured, have any claims?
5. you have an employee, do those paying less work solo? I do and pay about $600 for $2 million
6. Location. Some areas are worse than others, based on having crazy juries giving out large awards, high numbers of trial attorneys, and other factors.

These are some of the factors they may consider.
 

clay duncan

LawnSite Senior Member
Location
marion n.c.
i pay $125. per year for 300,000 liability and $187. for a $15000 inland marine policy. farm bureau n.c. clay
 
OP
2

2k1yzfr1

LawnSite Senior Member
Location
Waco Texas
1. do you have a track record?
2. have you been insured before?
3. what's your credit rating like?
4. if previously insured, have any claims?
5. you have an employee, do those paying less work solo? I do and pay about $600 for $2 million
6. Location. Some areas are worse than others, based on having crazy juries giving out large awards, high numbers of trial attorneys, and other factors.



1. Been in business part time for 4 years and full time the past 2.
2. Haven't had any type of liability before.
3. Credit is excellent.
4. Nope
5. Not sure on that one. My part time person would probably only work 10-15 hours a week.
 
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