Lawn Care Business Forum Lawn Care Business Book Lawn Care Business Blog Lawn Care Software
Home Forum Contract & Flyer Templates Blog Software Videos Podcast Calculators / Estimators Store Mower Review Design It Yourself Lawn Business School

Go Back   GopherHaul Landscaping & Lawn Care Business Marketing Forum > Just starting your lawn care or landscaping business? > Promote your products or services

Promote your products or services Do you want to promote your products or services to our lawn care business forum? Tell us what you have to offer. Post some specials or promotional offers. There is no better way to sell to a forum community than to get a few happy customers and then word will spread.

Contractor's Insurance 101


Promote your products or services

Do you want to promote your products or services to our lawn care business forum? Tell us what you have to offer. Post some specials or promotional offers. There is no better way to sell to a forum community than to get a few happy customers and then word will spread.
Reply
 
Thread Tools Search this Thread
  #1  
Old 03-18-2009, 02:21 PM
Affordable Insurance Affordable Insurance is offline
Junior Member
 
Join Date: Mar 2009
Location: Columbia, SC
Posts: 4
Rep Power: 6
Affordable Insurance is on a distinguished road
Default Contractor's Insurance 101

Hello, my name is Jason Humphries and I'm a commercial insurance manager specializing in Contractor's Insurance. I've been asked to provide some basic information on Contractor's Insurance and to help provide quotes for the forum's members. Feel free to contact me with any questions, or visit our site at https://www.my-ais.com and submit a quote request form for the type of business you'd like quoted.

The coverage a contractor needs is dependant on the type of work he or she engages in as well as the risks associated and protection desired. The general purpose of contractor insurance is to provide financial backing for a contractor who is liable to a client who hires the contractor to perform a certain job. The most purchased type of contractors insurance is general liability insurance. As with other types of insurance, contractor general liability offers the widest protection and is most useful to a company or individual engaged any many facets of contract work. There are maximum payouts on the insurance, generally $1 million to $2 million for each type of protection. Contractors protected by a good plan are usually secured against reasonable financial loss due to problems linked to the contractors work. The most complete protection can be found from adding some more specific types of coverage to the general liability protection.

Worker’s compensation is a common contractor insurance purchased by many contracting companies for their employees. Workers comp insurance is a compulsory type of coverage. This protection helps the employer cover the financial burden of an employee who is injured on a job. The workers compensation insurance generally offers income, medical and rehabilitation benefits for injured employees involved in work related accidents. Some plans also include a death benefit payable to survivors. Business owners/principles may choose to exclude their payroll (and coverage) in some states, with coverage rated only on employee payroll.

Inland marine insurance is another specialized type of contractor insurance. This contractors insurance protects goods that are in transit over land. Many contractors move materials and goods routinely and this allows them to expect the high costs of those items. Tools, equipment and installation floaters are all considered inland marine insurance and are considered essential types of insurance for contractor.

Disability insurance is another common type of contractors insurance used by contractors and many companies, for that matter. This provides for the income needs of people displaced from work for a period of time due to injury. It is commonly referred to “Accident and Health Protection”. Health and life insurance are other types of coverage purchased by contractors.

Another common type of protection for contractor is surety bonds. A surety bond is a financial instrument not an insurance policy. A Surety Bond is a financial instrument utilized to guarantee performance. A building developer hires a general contractor and the contractor is unable to perform on his obligation to complete a building on time or as agreed, developer may look to sue contractor for not performing as promised. A performance bond provides protection for this type of exposures. License and permit bonds are required by the cities, municipalities or state. It guarantees compliance with the local, state, or federal codes. Another reason for requiring a license bond is to provide protection to the consumers. Along with contractor workers comp insurance, many states require contractors to have contractor license bonds.

Whatever your insurance needs may be, please visit our site at https://www.my-ais.com and submit a quote request form for the type of business you'd like quoted. Use the "Request a quote" link on the left and select the line you'd like us to quote. Typically you'll receive a call from our sales center with quote details and financing options and you can bind over the phone with faxed signatures.

You may also email jason@my-ais.com or call me at 803.798.5754 with any questions, and I'll be adding features/articles that may be helpful to the forum as I can, so check back often for updates.
Reply With Quote

Stop guess-timating. Learn how to estimate and make money! $$$
Mow Time Estimator Lawn Care Price Estimator Mulch and Topsoil Calculator Snow Plow Estimate Calculator


  #2  
Old 03-18-2009, 03:16 PM
Affordable Insurance Affordable Insurance is offline
Junior Member
 
Join Date: Mar 2009
Location: Columbia, SC
Posts: 4
Rep Power: 6
Affordable Insurance is on a distinguished road
Default Direct Links to quote request forms

Lawn care business tipsLawn Care Business Book
Contractor's Insurance quote request

https://www.my-ais.com/myaisquotes/Contractors_In.html

Worker's Compensation quote request

https://www.my-ais.com/myaisquotes/SC_Workers_Com.html

Commercial Auto quote request

https://www.my-ais.com/myaisquotes/SC_Commercial.html

Please note that we're using our original web portal until the national site is ready to go live, so you'll see SC on every page. We do operate regionally, but that's one of the tricks we use to localize web traffic.

Please provide as much information as possible. If we need anymore information we'll contact you to finalize quote.

Also, we can offer Traditional Insurance programs through respected carriers, but we also offer PEO enrollment with payroll/insurance handled on a monthly reporting basis, helping the client to avoid large down payments and adverse audits. If you have a preference, please indicate. Otherwise, we'll explore all options and help you decide what suits your needs.
Reply With Quote
  #3  
Old 03-18-2009, 03:50 PM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 36,171
Rep Power: 10
Steve has disabled reputation
Default

Hi Jason,

Thank you for joining up.

You can put your contact information in your signature line of your posts by entering it in your User CP link at top. That's your control panel.

Now I have a bunch of questions on insurance and I hope others will join in as well.

Quote:
we also offer PEO enrollment with payroll/insurance handled on a monthly reporting basis, helping the client to avoid large down payments and adverse audits
Can you tell me what that is? PEO? How does that help a lawn care business owner?
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
  #4  
Old 03-19-2009, 01:29 PM
Affordable Insurance Affordable Insurance is offline
Junior Member
 
Join Date: Mar 2009
Location: Columbia, SC
Posts: 4
Rep Power: 6
Affordable Insurance is on a distinguished road
Default What is a PEO (Professional Employer Organization)

A professional employer organization (PEO) provides outsourcing of payroll, workers' compensation, human resources and employee benefits administration. It does this by hiring a client company’s employees, thus becoming their employer of record. It then leases them back under contract to the original employer. This practice is known as co-employment, employee leasing, or staff leasing.

In a co-employment contract, the PEO becomes the employer of record for tax and insurance purposes, filing paperwork under its own identification numbers. The client company continues to direct the employees’ day-to-day activities. PEOs charge a service fee for taking over the human resources and payroll functions of the client company: typically, this is from 3 to 15% of total payroll.[6] This fee is in addition to the normal employee overhead costs, such as the employer's share of Medicare and unemployment insurance withholding. In addition, PEOs benefit from aggregation of employee headcount: by combining the employees from multiple clients, they qualify for lower premiums on health insurance plans.

A PEO generally generates some of its income through various methods of insurance, wage and tax arbitrage. In insurance products, a PEO will purchase workers' compensation, employment practices liability and employee benefits insurance at a given price. The PEO then adds a markup to the premium costs and bills that rate to the client company, which is still less than the company would pay on its own.

The value proposition to client companies is that the use of a PEO saves time and staff that would be used to prepare payroll and administer benefits plans, and may reduce legal liabilities or obligations to employees that it would otherwise have. The client company may also be able to offer a better overall package of benefits, and thus attract more skilled employees. The PEO model is therefore attractive to small and mid-sized businesses and associations, and PEO marketing is typically directed toward this segment.

The PEO, in short, can sometimes offer significant savings on insurance, shift payroll processing burden from employer to PEO, offer pay-as-you-go insurance premiums versus the down-payment and audit method of traditional insurance and provide your employees some stability since they will be re-assigned to another network employer if you need to let them go.

Last edited by Affordable Insurance; 03-19-2009 at 01:36 PM. Reason: correction-addition
Reply With Quote
  #5  
Old 03-19-2009, 03:46 PM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 36,171
Rep Power: 10
Steve has disabled reputation
Default

Oh this is fascinating! On average, how many employees would a lawn care business need to take part in such a service?

Also, would the lawn care business still handle all the hiring? Or would this service hire the employees?
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
  #6  
Old 03-26-2009, 03:24 PM
Affordable Insurance Affordable Insurance is offline
Junior Member
 
Join Date: Mar 2009
Location: Columbia, SC
Posts: 4
Rep Power: 6
Affordable Insurance is on a distinguished road
Default PEO enrollment

With most PEO's only one employee is required, and business owner maintains the responsibility of hiring. I've found the Worker's Comp rates to be very competitive, while the General Liability rates seem to slightly less so. Most PEO's can add in any insurance line you can imagine, including health/life insurance.
Reply With Quote
  #7  
Old 08-04-2009, 01:11 PM
Fresh Cut's Avatar
Fresh Cut Fresh Cut is offline
Senior Member
 
Join Date: Feb 2009
Location: Atlanta, GA
Posts: 235
Rep Power: 6
Fresh Cut is on a distinguished road
Default

Does business insurance cover my vehicle too?

I recently bought a box truck and my current personal insurance company won't insure it because of what kind of vehicle it is (I didn't tell 'em, I just gave 'em the VIN and they somehow knew).

I figured this would be a great time to go ahead and get business insurance and have it cover everything including my truck.

I need info on this ASAP. I can't get my truck registered and get a plate for it until I have it insured, and I can't(not supposed to) drive the truck without a plate on it or without insurance for that matter.

I need to get rollin.
Reply With Quote
  #8  
Old 08-04-2009, 05:56 PM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 36,171
Rep Power: 10
Steve has disabled reputation
Default

Send Jason a PM or an email and see what he says. Maybe he will get back on here and respond to your post so others can learn from it as well.
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Insurance AllProlawn Starting a lawn care business. 10 12-22-2008 02:37 AM
Getting insurance and bus. licence JODY84 Starting a lawn care business. 1 07-28-2007 05:57 AM
Insurance Steve General Talk 5 02-15-2007 10:30 PM
looking for insurance coronaldi General Business Discussions 1 01-16-2006 09:28 AM
business insurance? Mowin Madman General Business Discussions 1 06-03-2003 10:10 PM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
Scag new "Eliminator"......
ExtremeLawncareServices
07-20-2014 10:45 AM
Today 10:11 PM
by ExtremeLawncareServices
7 149
new to me box truck
jrayb39667
03-06-2014 10:20 PM
Today 08:31 PM
by jrayb39667
13 1,261
Lawn Service back in...
LawnCareMan280
07-18-2014 09:00 PM
Today 07:18 PM
by LawnCareMan280
3 142
Should I ?
googus
Today 04:06 PM
Today 04:06 PM
by googus
0 45
Overspray?
stevef1201
Yesterday 04:20 PM
Today 03:59 PM
by stevef1201
2 63
My First Apartment...
SSLCtn
05-26-2014 10:17 PM
Today 03:37 PM
by jrs.landscaping
12 771
Hello Everyone! Newbie...
SLKlawn
07-17-2014 06:22 PM
Today 01:53 PM
by Steve
6 193
Need help determining...
Jbss861
07-20-2014 02:33 PM
Today 01:47 PM
by Steve
7 177
Got my first lawn job...
SGL1
06-11-2014 09:19 PM
Today 01:44 PM
by Steve
24 1,056
Proper height for lawn
rob lederhilger
05-26-2014 08:01 AM
Yesterday 02:53 PM
by LawnDoctor
9 594
need professional advice...
Fiddlers_green
07-20-2014 07:21 PM
Yesterday 02:29 PM
by Steve
1 100
Blade sharpener
Just for Cuts
07-04-2014 12:31 PM
Yesterday 01:48 PM
by Steve
9 425
What's my business worth?
Chaz
07-16-2014 01:35 PM
Yesterday 01:45 PM
by Steve
4 203
Single tree, mow customer
WesleySnips
06-27-2014 10:12 AM
Yesterday 01:04 PM
by Steve
12 487
1.5 Acre Jungle
WesleySnips
07-15-2014 05:57 PM
07-20-2014 11:31 AM
by ExtremeLawncareServices
21 499
Selling lawns like...
eastsidelandcare
07-17-2014 03:51 PM
07-20-2014 08:03 AM
by kslawn
1 137
Crop Rotation Techniques...
eastsidelandcare
07-17-2014 03:47 PM
07-19-2014 05:40 PM
by kslawn
1 103
Gopher schedule software
Ray
07-18-2014 04:13 PM
07-18-2014 04:13 PM
by Ray
0 107
2006 Chevy fuel pump...
KevinsLawns
07-17-2014 08:39 PM
07-18-2014 11:51 AM
by Steve
1 103
Halfway point of year!
Steve
07-01-2014 12:08 PM
07-18-2014 11:38 AM
by Steve
14 643
I got told to leave and...
gwilson98
06-16-2014 02:07 PM
07-17-2014 11:43 AM
by Steve
16 952
These are the days on...
ExtremeLawncareServices
03-22-2014 09:12 AM
07-16-2014 08:38 PM
by ExtremeLawncareServices
73 4,209
Hey guys this is the...
prmenter@gmail.com
07-07-2014 08:23 PM
07-16-2014 08:10 PM
by ExtremeLawncareServices
28 685
Mowing the hills
prmenter@gmail.com
07-08-2014 12:22 PM
07-16-2014 05:00 PM
by Just for Cuts
18 619
Say Hello !!!
Steve
03-19-2007 11:18 AM
07-15-2014 05:38 PM
by icon2000
1,184 318,257
need some help geting...
dalvan0
07-13-2014 09:28 PM
07-15-2014 11:56 AM
by Steve
5 211
new trailer help
mattthelawnguy
07-11-2014 08:21 PM
07-15-2014 11:42 AM
by Steve
9 309
Classified Ad Template...
bcfb
06-05-2013 02:40 AM
07-15-2014 11:16 AM
by Steve
15 3,639
Husqvarna pz 60
CDLAWNCARE
07-06-2014 06:50 PM
07-15-2014 08:53 AM
by kslawn
10 382
Lowballers
Chaz
07-11-2014 03:55 PM
07-14-2014 12:27 PM
by Steve
5 315
My new side job
Sprinkler Buddy
05-10-2014 05:23 AM
07-14-2014 12:15 PM
by Steve
10 777
Illegal spraying
GoGreenerKS
07-04-2014 09:11 AM
07-13-2014 10:36 PM
by GoGreenerKS
10 492
New Mower and Trailer
Chaz
06-25-2014 12:04 PM
07-13-2014 06:25 PM
by SGL1
7 493
What Fertilizer to Use?
acrajchel
04-07-2014 01:56 PM
07-12-2014 07:36 PM
by SGL1
21 1,813
Fuel and fuel additives
SGL1
07-06-2014 10:23 AM
07-11-2014 07:53 PM
by SGL1
15 484
Questions for a patchy...
jumcgee
07-09-2014 08:42 AM
07-11-2014 12:34 PM
by Steve
1 168
toro proline blades wont...
boog
06-25-2014 06:26 PM
07-11-2014 05:28 AM
by kslawn
18 601
Contents of Marketing to...
prmenter@gmail.com
07-09-2014 05:25 PM
07-10-2014 03:23 PM
by Steve
3 251
Shindaiwa
CLB454
05-13-2014 09:04 PM
07-10-2014 03:04 PM
by Steve
14 729
Starting New in FL
mmcuttrim
08-06-2010 09:22 AM
07-10-2014 02:44 PM
by Steve
48 11,177
Bid help 45 on acre...
Priggan
06-26-2014 12:56 PM
07-09-2014 08:38 AM
by kslawn
7 475
need help bidding fence...
veteranslawncaresystems
07-03-2014 10:33 AM
07-08-2014 12:00 PM
by Steve
5 337
Trimmer or Knife?
gwilson98
07-04-2014 09:56 PM
07-07-2014 02:41 PM
by Steve
6 304
Started a New Solar Lawn...
Solar Lawn Care
06-08-2013 01:40 AM
07-07-2014 01:55 PM
by Steve
37 7,358
New Canadian Member
coppervalley
07-04-2014 02:15 PM
07-07-2014 01:12 PM
by Steve
1 200
Happy Independance...
stevef1201
07-04-2014 07:05 AM
07-07-2014 01:01 PM
by Steve
2 201
Echo PE 266 edger
stevef1201
07-01-2014 01:28 PM
07-07-2014 12:47 PM
by Steve
4 286
30 Inch Push Mowers Pros...
Billy Goat
06-27-2013 08:07 PM
07-06-2014 01:50 PM
by SGL1
21 5,166
Poulan Pro trimmers
SGL1
06-30-2014 11:16 PM
07-05-2014 09:32 PM
by SGL1
20 478
Timber!
Clays Landscape
11-28-2011 09:48 PM
07-05-2014 07:31 PM
by jhinton
22 5,711
» Popular Tags
2wd 4x4 34'' ads birdscaping charge christmas christmas light hanging collections subcontractor commercial craigslist customers ditches employee problems exmark fall ferris financing franchise gopherhaul grass gravely holiday how much to charge how to bid hydraulic installation invoice labor cost late lawn lawn care business podcast lawn care business seo lawn care business show lawn care business website lawn care business website seo lawn care seo lawn care website leaf cleanup lesco lighting brass outdoor lights marketing mechanic mowing new and restored landscapes new buisness new business podcast promotion riding mower running a business savannah scag scag v-ride seo starting a business steep lawns stihl sulky theft of services tips top dresser toro tree care truck new used landscape upsell walk behind walker winter money making ideas won't return
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 10:45 PM.


(C) 2011 Riggs Publications - Terms of use & Privacy Policy

All times are GMT -5. The time now is 10:45 PM.

(C) 2011 Riggs Publications - Terms of use & Privacy Policy