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Insurance?

Discussion in 'Business Fundamentals' started by vmj, Oct 30, 2009.

  1. vmj

    vmj Senior Member
    from conn
    Messages: 752

    Just wondering what anyone is paying for $500,000. covage. I know every thing goes up which my policy has every year a little but it went up $185 alone this year with no claims ever!!! Thanks
     
  2. Watkins

    Watkins Member
    Messages: 60

    I don't know about that coverage but for a million I pay about 940.00 a year.
    That covers, Landscaping, Excavating and Snowplowing for me and 4 other guys.
     
  3. lilweeds

    lilweeds PlowSite.com Addict
    Messages: 1,178

    Wow, I pay about $700 for 2 mil and it gives me 50k of theft coverage for the same categories.
     
  4. vmj

    vmj Senior Member
    from conn
    Messages: 752

    Thanks, I think i'm going to another agent.... mine went up to $1200.00 this year for 500,000.
     
  5. vmj

    vmj Senior Member
    from conn
    Messages: 752

    And thats for snowplowing only with one truck....
     
  6. AC2717

    AC2717 Senior Member
    Messages: 669

    are you talking your GL policy or your auto policy?
     
  7. lilweeds

    lilweeds PlowSite.com Addict
    Messages: 1,178

  8. vmj

    vmj Senior Member
    from conn
    Messages: 752

    my GL policy
     
  9. vmj

    vmj Senior Member
    from conn
    Messages: 752

    Thank you. i looked up an agent and will call them tomarrow...
     
  10. AC2717

    AC2717 Senior Member
    Messages: 669

    did you have an audit done?
     
  11. vmj

    vmj Senior Member
    from conn
    Messages: 752

    no never had one?
     
  12. AC2717

    AC2717 Senior Member
    Messages: 669

    check to see if the exposure they are rating against for the GL (meaning the sales amount or payroll amount) has not increased, companies every year or every couple of years they will automatically increase the exposure by say 3% just to cover an increase that might not have been reported, also it can be called an inflation guard
     
  13. vmj

    vmj Senior Member
    from conn
    Messages: 752

    Nothing like that mentioned on form........
     
  14. chitown sparky

    chitown sparky Senior Member
    Messages: 153

    try a company called perkins general 1 mil. in my area it cost me around 600 a year and it covers the plow up to 6grand
     
  15. chitown sparky

    chitown sparky Senior Member
    Messages: 153

    it is pekin ins.
     
  16. vmj

    vmj Senior Member
    from conn
    Messages: 752

    thanks, i will do that
     
  17. vmj

    vmj Senior Member
    from conn
    Messages: 752

    cant find anagent here in conn.
     
  18. erkoehler

    erkoehler PlowSite Veteran
    Messages: 3,268

    Full coverage w/ $500,000 liability from Geico on my 2001 2500hd to cover daily driving (15k miles/year) and snow plowing they quoted $2,994.

    I am going to continue shopping.......
     
  19. overtime

    overtime Senior Member
    Messages: 153

    i pay 1080 for 2 mill. thats for auto and GL. I dont think that is to bad
     
  20. vmj

    vmj Senior Member
    from conn
    Messages: 752

    i just got a quote today for just GL at 500,000 per acurance 1Mill aggregate for $750.
    Farm family was cheapper at $655 but would not cover me unless i had my home insur through them.