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Insurance $$$$$

Discussion in 'Business Fundamentals' started by kcress31, Oct 21, 2010.

  1. kcress31

    kcress31 Senior Member
    Messages: 451

    I just got my insurance bill for the year and ouch!!! $36,000 for the year and that included a reduction for no claims. We are covered for 5 Million Liability and have about 35 pieces of equipment in the fleet. We usually run 5 - 25 employees depending on the jobs we are on. I was curious what other businesses small and big are paying per year.
  2. cold_and_tired

    cold_and_tired PlowSite.com Addict
    Messages: 1,247

    About $3,600 per year. 2 mil general liability.
  3. gtstang462002

    gtstang462002 Senior Member
    Messages: 182

    That is a little over a grand for each piece of equipment. Not hateful for the coverage that you have.
  4. Scottscape

    Scottscape Senior Member
    Messages: 662

    I would exclude some older equipment from the policy. Possibly take some full comp and collision off some autos.