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Commercial Insurance went up again!

fireball

PlowSite.com Veteran
I admire your thought process that snow removal should be self sustaining but it hasn't proved itself in business models There are a few regional providers that survive but the biggest limiting factor is the unpredictable weather we don't know how many times it will snow. So we start to add other services to the mix to make the numbers work
 

Ice-sage

Member
Location
Icy trail
US CITIZENS-UNITED STATES CITIZENS. Always paying for your own slavery. LoL?

If you persons actually comprehended that anything with the legal term "insurance" in it, is nothing more than a pure profit casino at the expense of the slaves misery, well then even God can not help you.

Maybe you all shoud try being an American for once in your lives.
 

DeVries

2000 Club Member
Location
Ontario
So if you drop snow your insurance costs go down. you could spend the winter on cruise ships in south America. Think of the savings when you replace the truck with a 2 wheel drive and no plow sadly insurance costs have nowhere to go but up. The more people quit the business the more rates go up. The insurance companies have fewer companies to spread their risk too.
Then keep raising your rates to make up for the rising insurance costs. Same with the salt, gas, etc increases, why would you not charge more.
 

KingSnowRemoval

Junior Member
Location
long island
every year it goes up . welcome to the world of contracting insurance
im using golden isn company . it was very hard to get a snow policy in new york
most companies dont want to right new policys for companys with out loss runs .
year 5 no loss and still increases every year only could find 2 differant companys that would right the policys thats y our prices need to increase .
try explaining that to Mr . Property managers . good luck
 

fireside

PlowSite.com Addict
Location
Bethany CT
I admire your thought process that snow removal should be self sustaining but it hasn't proved itself in business models There are a few regional providers that survive but the biggest limiting factor is the unpredictable weather we don't know how many times it will snow. So we start to add other services to the mix to make the numbers work
Well I can sit down and tell you how much the hard costs are for snow. I do complete facility services. So each section of my business has costs clearly associated with it. The trucks are what is a wild card to me they get used all year but the loaders nope all snow.
 

EWSplow

PlowSite Fanatic
Location
Milwaukee
Well I can sit down and tell you how much the hard costs are for snow. I do complete facility services. So each section of my business has costs clearly associated with it. The trucks are what is a wild card to me they get used all year but the loaders nope all snow.
Its difficult to calculate the increased depreciation of trucks used for snow, but it definitely accelerates depreciation. Between the added weight on the front end, reduction of life on the transmission and increased corrosion, it all adds up.
 

FourDiamond

Senior Member
Location
Sugarloaf, PA
every year it goes up . welcome to the world of contracting insurance
im using golden isn company . it was very hard to get a snow policy in new york
most companies dont want to right new policys for companys with out loss runs .
year 5 no loss and still increases every year only could find 2 differant companys that would right the policys thats y our prices need to increase .
try explaining that to Mr . Property managers . good luck
Then they wonder why you can't plow their lot for $50.00.
 
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