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Insurance quote

Discussion in 'Business Fundamentals' started by MFD18, Sep 24, 2006.

  1. MFD18

    MFD18 Junior Member
    from Boston
    Messages: 22

    this will be my first year...i have a bobcat and will be doing commercial (strip mall sidewalks) and residential (driveways etc.) work removing/plowing snow...

    my insurance agent said i will need add'l insurance for snow....he quoted me $1300 for the year...

    is this reasonable?...sounds very high...bg

    [​IMG]
     
  2. grandview

    grandview PlowSite Fanatic
    Messages: 14,609

    Sounds like it's in the ball park. What coverage are you getting and make sure they offer additional insured because a lot of companies what this.
     
  3. Mick

    Mick PlowSite.com Veteran
    from Maine
    Messages: 5,546

    Is this for General Liability, Commercial Vehicle or both? What amounts if General Liability? Actually, sounds kind of low for commercial, based on your profile and area (if metro Boston). Is it maybe combined with another rate for your summer work?

    I just checked your other posts and I'm guessing you're adding GL to your other business and that you're not plowing with a truck. So, yes, that sounds about right.
     
    Last edited: Sep 24, 2006
  4. gene gls

    gene gls PlowSite.com Veteran
    Messages: 481

    I was told that there was 3 grades of insurance coverage, residental, small parking lots, and large parking + highway plowing. The heavier the traffic in the area you will be plowing then the higher the risk of an accident so the higher the cost of coverage. Thats with Farm Family Ins.
     
  5. JET enterprises

    JET enterprises Senior Member
    Messages: 201

    mfd im looking to get insurance for plowing.. what insurance company gave you this quote
     
  6. traviswalker007

    traviswalker007 Senior Member
    Messages: 188

    AQuote

    Hey guys i got insurance this year on my mowers and lawn equipment, plus fuu coverage on 3 trucks with a 1million comp/Agerate. it cost me 3500/yr and i have no tickets or accidents and thats thru stae farm...if you get it for 1300 jump on it....my policy covers plowing as well...
     
  7. tjlands

    tjlands Senior Member
    Messages: 579

    Do yourelf a favor and ask your agent exactly what you are covered for, 3500 sounds cheap but I have heard stories of SF agents giving low quotes only to find out they were not exactly covered.
    Plowing damage,curbs lights etc. Slip and falls resulting from plowed snow piles. Accidents driving to plow sites. If you shovel sidewalks, slip and falls etc.
    Also what is the comercial auto 300k 500k or 1mil