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 > Business > General Business Discussions

General Business Discussions A place to talk about general business discussions.

16 most common questions answered

General Business Discussions

A place to talk about general business discussions.
Thread Tools Search this Thread
Old 10-13-2003, 05:47 PM
Steve's Avatar
Steve Steve is online now
Join Date: May 2003
Posts: 37,643
Rep Power: 10
Steve has disabled reputation

How often have you had questions about business insurance but just didnít get around to asking your agent. Itís possible you are just starting out and donít have insurance yet. As we have found through our investigation on this topic, no one knows better what your insurance needs are than your local insurance agent. Each companyís needs are as unique as the services they provide. Each state will also have different insurance requirements of you.
Since these questions come up quite often, we decided to compile a list of the most common insurance questions asked by owners of LCOs (Lawn Care Operations) and found a friendly insurance agent, James E. Brown of Kiely Hines & Associates located in Louisville, KY to give us answers.


1. Q: How does an LCO determine which liability policy should be purchased? What percentage of LCO's have the following coverage? $500,000.00, $1,000,000.00 or $2,000,000.00

Answer: Most all carry $2,000,000 the difference in premium is minimal between 1 & 2 million worth of coverage.

2. Q: What is a reasonable rate for a $500,000.00 / $1,000,000 / $2,000,000 liability insurance policy?

Answer: Rates are based either on number of employees or sales. For an operation with 4 employees an approximate premium would be $2500.

3. Q: How much more on average is a $10 million or $20 million dollar liability policy, what percentage of LCO's have this coverage?

Answer: Most lawn care companies donít carry these high limits.

4. Q: What is the average LCO deductible for liability and theft?

Answer: I recommend carrying deductibles of $1,000

5. Q: How does a LCO's business size effect their liability insurance needs?

Answer: The larger the company the better ability we as insurance agents have to market them and get credits for their insurance.

6. Q: Is it a good idea to get your business liability insurance through your homeownerís insurance carrier. Why or why not?

Answer: No, it is better to have your liability insurance separate from your homeowners due to the limits on your homeowners.

7. Q: Does snowplowing effect your insurance needs if so how?

Answer: Yes it will increase rates 8-10%.

8. Q: Does applying pesticide effect your insurance needs if so how? Does using "restricted use pesticides" increase my premiums?

Answer: Yes it increases premiums slightly however if you get into tree spraying it greatly restricts the markets.

9. Q: Does installing sidewalks, ponds or pools effect your insurance needs if so how?

Answer: It only affects rates if you install swimming pools.

10. Q: Does using an ATV in your business effect your insurance needs if so how?

Answer: Not really

11. Q: Does hanging holiday lighting effect your insurance needs if so how?

Answer: No

12. Q: If damage to a customer's property occurs, at what dollar amount is it worth it to file a claim on the damage? How will this effect future rates?

Answer: $1,000. Insurance companies worry about the frequency of claims.

13. Q: If a piece of your equipment is stolen at what dollar amount is it worth it to file a claim on the replacement cost? How will this effect future rates?

Answer: $1,000.

14. Q: Is it advisable if you provide aeration services to have customers sign a liability waiver for buried / non-visible items that might be damaged?

Answer: It helps but most of the times you will still be found responsible for damages.

15. Q: What are the liability pitfalls of using a personal truck to perform commercial duties?

Answer: Your personal insurance can deny any claims if you are in the course of your employment. Also a personal umbrella does not cover business liability.

16. Q: What are the biggest mistakes the average LCO makes when it comes to insurance?

Answer: Not talking an agent and telling the agent what they are doing so, the agent can make sure there are no gaps in coverage.

What are some insurance issues that you have experienced? Are there questions you have about insurance that we didn't cover?

Questions / Comments?, please contact us.
Reprint permission granted in part or whole when the following credit appears: "Reprinted with permission from (©2003 Ditech 888-606-5150)."
- 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

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



insurance question

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

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
Throwing in the towel
Today 07:28 PM
Today 07:28 PM
by ExtremeLawncareServices
0 9
These are the days on...
01-11-2015 10:41 AM
Today 07:00 PM
by ExtremeLawncareServices
97 14,906
What am I looking at...
09-14-2015 03:51 PM
Today 01:30 PM
by mowandblow1980
29 898
Pressure Washing Like a...
08-01-2014 11:47 PM
Today 12:11 PM
by Steve
14 3,304
The Pro's are back on...
Yesterday 08:34 PM
Today 12:08 PM
by Steve
2 60
dash camera's
Yesterday 08:34 PM
Today 12:05 PM
by Steve
1 39
honest opinion please
02-17-2015 01:30 AM
Today 12:04 PM
by Steve
18 2,462
What have been your best...
09-29-2015 01:24 PM
Today 12:02 PM
by Steve
12 343
starting organic...
10-04-2015 12:22 PM
10-06-2015 05:05 PM
by Steve
1 73
Hi from Soggy Virginia!!
10-05-2015 12:47 PM
10-06-2015 05:01 PM
by Steve
1 61
organic fertilizing and...
10-05-2015 07:24 AM
10-06-2015 04:59 PM
by Steve
1 62
Stump grinding
09-18-2015 06:49 PM
10-06-2015 04:58 PM
by Steve
10 459
Leaf cleanup flyers?
08-04-2009 10:15 PM
10-06-2015 07:52 AM
by biglee
23 6,092
Credit Cards - What's in...
06-16-2015 03:04 PM
10-06-2015 06:55 AM
by Just for Cuts
8 2,466
Hello Everyone!!
L&L Lawn Care
09-22-2015 07:33 PM
10-03-2015 12:10 AM
by lxarth
7 285
Hello from Houston Texas
10-01-2015 10:21 AM
10-01-2015 09:29 PM
by Steve
2 94
Fall aeration /...
09-08-2015 09:37 AM
10-01-2015 05:34 PM
by lxarth
2 378
Hi from Illinois
01-02-2015 08:46 PM
09-30-2015 09:57 AM
by lxarth
6 1,254
How often to report...
09-29-2015 01:19 PM
09-29-2015 11:01 PM
by Steve
1 104
Hello From Michigans U.P.
09-28-2015 03:48 AM
09-29-2015 10:58 PM
by Steve
3 148
Sample commercial bid
09-02-2015 06:02 PM
09-29-2015 01:19 PM
by lxarth
2 2,654
Your 2015 summer review.
09-01-2015 11:01 AM
09-28-2015 06:19 PM
by Steve
24 3,234
The New Guy
09-27-2015 01:39 PM
09-28-2015 06:16 PM
by Steve
1 120
How would you approach a...
09-27-2015 05:15 PM
09-28-2015 06:15 PM
by Steve
1 145
Hello from Wisconsin
09-22-2015 04:15 PM
09-27-2015 08:44 PM
by SGL1
2 183
Needing a website built
06-17-2015 09:02 AM
09-27-2015 06:22 PM
by CLB454
13 5,266
Say Hello !!!
03-19-2007 11:18 AM
09-26-2015 05:38 PM
by mowandblow1980
1,234 414,414
Hello Everyone!
09-24-2015 08:04 PM
09-25-2015 11:10 PM
by Steve
1 166
Drones,what's your...
09-08-2015 11:04 AM
09-24-2015 11:07 PM
by ExtremeLawncareServices
9 506
Mid Michigan
09-22-2015 06:34 PM
09-24-2015 07:52 PM
by RonSonlawncare
5 216
Hello everyone!
09-22-2015 11:13 AM
09-24-2015 06:55 PM
by jrs.landscaping
10 372
SCAG Tiger Cat Deck Lift...
09-13-2015 11:40 AM
09-18-2015 09:03 PM
by rower30
10 454
17 tree stumps
09-11-2015 05:31 PM
09-17-2015 04:08 PM
by Steve
9 458
What would you charge?
09-11-2015 06:34 AM
09-16-2015 02:20 PM
by ZZK
6 560
Gutter cleaning
05-31-2015 03:16 PM
09-16-2015 01:33 PM
by Steve
7 938
carburetor adjusting tool
09-09-2015 05:35 PM
09-14-2015 09:34 PM
by SGL1
13 560
When to use a retaining...
09-13-2015 11:56 AM
09-14-2015 11:26 AM
by Steve
1 278
Hi everyone from...
09-12-2015 11:32 AM
09-14-2015 11:15 AM
by Steve
2 305
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 07:59 PM.

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

All times are GMT -5. The time now is 07:59 PM.

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