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Seems a little high to me!

Discussion in 'Business Fundamentals' started by blackDiesel, Sep 23, 2010.

  1. blackDiesel

    blackDiesel Member
    Messages: 46

    Hey everyone, you all have been really helpful so far getting my on the right page to subcontract this winter. I've been researching a commercial insurance policy and have some numbers. The cheapest I found for a $1 Million liability plan was $2300 a year.:( Seems really high to me. Obviously that includes full coverage on my truck and plow, but still seems really high. What are others paying for insurance (I'm in Detroit Michigan area).
  2. TCLA

    TCLA 2000 Club Member
    Messages: 2,696

    That does seem high.

    Try Ivey & Brown...they're in Hartland.

    Margaret Brown ~ 810.632.6777
  3. JDiepstra

    JDiepstra PlowSite.com Addict
    Messages: 1,780

    Aspen Insurance out of grand rapids. Rick casteneda is his name. Much much much cheaper than that.
  4. Matson Snow

    Matson Snow PlowSite.com Addict
    Messages: 1,985

    $2300 a year for Liability and full commercial on the truck....That does not seem that far out of line.......If your only Insuring for snow.You are going to find prices are pretty high...
  5. Mick

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

    Doesn't seem too high to me, either. Also, how old are you and how much experience do have plowing snow? How is your driving record? If you have no history in the industry, you will be a high risk for potential claims. At 60 yrs old with a ten year history of no claims, General Liability and full coverage commercial vehicle insurance for me totaled about $1500/yr.
  6. Matson Snow

    Matson Snow PlowSite.com Addict
    Messages: 1,985

    Is this the Number i have been waiting for you to give me.....Ummmm....THANKS!!!!!:gunsfiring::dizzy::waving:
  7. Mick

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

    Last edited: Sep 23, 2010
  8. TCLA

    TCLA 2000 Club Member
    Messages: 2,696

    Actually it is...would a friendly reminder kill you!

    You're welcome sir. :D
  9. A&LSiteService

    A&LSiteService Senior Member
    Messages: 182

    I use Ivey & Brown. Maggy has always been good to me.
  10. hoskm01

    hoskm01 Senior Member
    from AZ
    Messages: 475

    Especially for a startup or low-experience gig, seems like a decent price.

    Could be on a $3000 beater with a plow or a 50k beauty; might make a bit of a difference on the auto side.
  11. blackDiesel

    blackDiesel Member
    Messages: 46

    thanks for the advice, I'll look into those companies. And yes, my truck is newer so I'm sure it's not helping the quote... I'll let you know what they say when I call them soon-
  12. GimmeSnow!!

    GimmeSnow!! Senior Member
    Messages: 133

    Does everyone use Maggie for insurance?? She is awesome! One thing though. You should make sure your annual sales are set right. Just got a notice today about an audit from Hastings. She still had my figures from 5 years ago. Looks like a big underpayment this year :( Oh well Maggie is still great.
  13. tbrownell

    tbrownell Member
    Messages: 81

    I have 2mil gl and a "any auto" policy for $3500 for the year with auto owners. and Im around west mi. I deal with Sue Baxter at Buiten & Associates. Her number is 616-284-3025 They are out of Grand Rapids
  14. grandview

    grandview PlowSite Fanatic
    Messages: 14,609

    A lot of insurance is based on your zip code too. And what others already said,plus not they use your credit score to and what your company gross is.
  15. GL&M

    GL&M Senior Member
    from PA
    Messages: 223

    I pay just under 1950.00 for my liability, commercial auto and replacement of my smaller equipment for fire or theft.