Liabilty Insurance Co. Needed

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farmboy55

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Aug 16, 2006
Messages
324
I'm in Ky owner/operator no employee's would like to know of a good company to insure my equipment with & a general liabilty policy. any sugestions
 

KSsteve

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Dec 26, 2006
Messages
27
I just got insurance from Safeco. I shopped a bit and they are all really close in price. I got $1 million in liablity for $525 / year
 

BubbaDirt

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Joined
Mar 17, 2007
Messages
23
I just got insurance from Safeco. I shopped a bit and they are all really close in price. I got $1 million in liablity for $525 / year
KSsteve, that sounds like a heck of a deal. You got ins to dig underground for $525/yr?
 

Earthwerks Unlimited

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Joined
Dec 21, 2007
Messages
303
I'm in SE Michigan. I pay as a Sole Proprietor $900 a year--- so long as I don't have "payroll" (what I pay myself to cover only my living expenses) of more than $28,000 per year. After that it ranges from an additional 18% of payroll for doing landscaping to 32% if I do excavating and even grading or spreading of dirt. And I am very vague when I tell them how deep I go down too---the deeper you go the more it costs. I'm paying a total of $3200 a year for $2.3 million aggregate coverage with $2500 tool coverage, a $20,000 4x4 tractor, a 24' enclosed car hauler, a 5yd dump trailer, and a '03 4x Ram diesel. If I were to insure ONLY the Ram as a regular private citizen (non-commercial) I would be aying at least $1200 a year just for that. The new skid steer has its own policy which is part of the payment---something like $1200 for 5 years.
 

BPS

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Joined
Mar 31, 2008
Messages
57
I'm in SE Michigan. I pay as a Sole Proprietor $900 a year--- so long as I don't have "payroll" (what I pay myself to cover only my living expenses) of more than $28,000 per year. After that it ranges from an additional 18% of payroll for doing landscaping to 32% if I do excavating and even grading or spreading of dirt. And I am very vague when I tell them how deep I go down too---the deeper you go the more it costs. I'm paying a total of $3200 a year for $2.3 million aggregate coverage with $2500 tool coverage, a $20,000 4x4 tractor, a 24' enclosed car hauler, a 5yd dump trailer, and a '03 4x Ram diesel. If I were to insure ONLY the Ram as a regular private citizen (non-commercial) I would be aying at least $1200 a year just for that. The new skid steer has its own policy which is part of the payment---something like $1200 for 5 years.
I just got mine a few weeks ago $565/year. I can have two claims in a year totalling 1,000,000. I'm hoping to not have any....
 

perry

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Aug 22, 2006
Messages
869
I just got mine a few weeks ago $565/year. I can have two claims in a year totalling 1,000,000. I'm hoping to not have any....
Dang!, I gotta look around some more, I was quoted $1600 for 1 mil.
 

dozer

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Joined
Mar 26, 2009
Messages
126
I did well with Patriot Insurance. They were willing to add coverage for snow removal to my general contractors liability policy.
Let me start off by saying that I am an Insurance Agent by trade and run a skidsteer buisness in my spare time. Insurance for a skidsteer buisness depends on a myriad of things. Some of them include type of jobs, payroll, subcontracting, renting, gross reciepts, time in buisness, whether current carrier is renewing and about a dozen other things. My policy is based on snow removal, barn cleaning, fencing, and landscaping. It insures my skidsteer, trailer, attachments, and tow vehicle. It runs me right at $1000 a year with 1 million liability. What is important to remember is that your tow vehicle should be insured commercial because while it is towing your skidsteer to a jobsite it is being used to make money. And often times the premium difference is very little between a commercial and private policy. shop around and once youve done it. Make sure it matches up apples to apples for what you need. If somebody comes in $100's less than everyone else there is usually a reason. Dozer
 

farmboy55

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Joined
Aug 16, 2006
Messages
324
Let me start off by saying that I am an Insurance Agent by trade and run a skidsteer buisness in my spare time. Insurance for a skidsteer buisness depends on a myriad of things. Some of them include type of jobs, payroll, subcontracting, renting, gross reciepts, time in buisness, whether current carrier is renewing and about a dozen other things. My policy is based on snow removal, barn cleaning, fencing, and landscaping. It insures my skidsteer, trailer, attachments, and tow vehicle. It runs me right at $1000 a year with 1 million liability. What is important to remember is that your tow vehicle should be insured commercial because while it is towing your skidsteer to a jobsite it is being used to make money. And often times the premium difference is very little between a commercial and private policy. shop around and once youve done it. Make sure it matches up apples to apples for what you need. If somebody comes in $100's less than everyone else there is usually a reason. Dozer
Hey Dozer you want to give me a price????
 

dozer

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Joined
Mar 26, 2009
Messages
126
Hey Dozer you want to give me a price????
Sorry, I don't write in Kentucky. The important thing to remember is to find an agent that knows the construction buisness as he will have the best chance of getting you the right policy for the right price. Make sure he knows what you will be doing and what kind of reciepts you will get for specific types of jobs. If 90% of your buisness is moving dirt, snow, and manure like mine it will be much cheaper that if you are removing trees in town and digging swimming pools. good luck in your search. Dozer
 

farmboy55

Well-known member
Joined
Aug 16, 2006
Messages
324
Sorry, I don't write in Kentucky. The important thing to remember is to find an agent that knows the construction buisness as he will have the best chance of getting you the right policy for the right price. Make sure he knows what you will be doing and what kind of reciepts you will get for specific types of jobs. If 90% of your buisness is moving dirt, snow, and manure like mine it will be much cheaper that if you are removing trees in town and digging swimming pools. good luck in your search. Dozer
Thanks
 
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