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Golftrick17
03-11-2011, 11:31 AM
I have just started my business and am havinf a hard time finding insurance. Most places are telling me you need 2 years as a business. I was wondering who some of you just starting are using.

950thomas
03-11-2011, 12:43 PM
Never heard that one but I use to use nationwide

Liberty Landscaping LLC
03-11-2011, 01:10 PM
I have Allstate. They had the same requirment. I used The Hartford till I was able to get someone cheaper. Good Luck finding someone.

Hedgemaster
03-11-2011, 04:00 PM
I didn't run across that issue either.
Most places I contacted did ask how long I've been doing this sort of work (even counting experience before starting up), not one of them told me I couldn't be covered because I wasn't in business for two years - even Allstate. (Although Allstate's quote was through a subcontracted carrier)


I ended up using Erie. I believe my policy is written by another carrier, with "Erie enhancements" added on.


There are hundreds, if not thousands of agents out there - start calling around.

Good luck!

Golftrick17
03-12-2011, 07:44 PM
Thanks guys. I ended up calling USAA, they use the Hartford. Its not cheap but it works.

jymie
03-12-2011, 08:05 PM
The insurance companies will insure you, they just can't give you the 1,000,000+ policies until you have been in business a 2 or 3 of years.

Hedgemaster
03-12-2011, 08:23 PM
The insurance companies will insure you, they just can't give you the 1,000,000+ policies until you have been in business a 2 or 3 of years.

I didn't hear that from anyone I called either.

I'm insured to 1 mil. and haven't even been in bus for a year yet.

(shrug)

Steve
03-14-2011, 02:26 AM
So newer businesses it seems aren't able to get the higher insurance coverage? Does it also effect their premiums? Are they charging more for new businesses?

Golftrick17
03-15-2011, 05:09 AM
So newer businesses it seems aren't able to get the higher insurance coverage? Does it also effect their premiums? Are they charging more for new businesses?

I found coverage, got 1,000,000.00 policy, It is a little more than what my neighbor is pay for his. Right or wrong they look at a new business as a higher risk, because there is no history to base on. They asked how long I had worked in the industry, but I don't think my 10 years lowered my premiums.