Featured Links

Other Topics




Quote of the Day

"Just play. Have fun. Enjoy the game."

Michael Jordan








 




 
Featured Insurance Articles

Affordable Health Insurance, an overview
Affordable Health Insurance, an overview Affordable Health Insurance offers you a wide variety of medical insurance policies to protect you and your family against the high costs of health care. Affordable individual health insurance is likely for all of ...

Cure The Insurance Blues By Lowering The Cost of Your Premiums
Does the current amount that you pay on your insurance premiums keep you awake at night? If so you're not alone. In today's fast paced society many people are looking for ways to save money unfortunately this can lead to scrimping and watching where you ...

Travel Insurance – few bargains for the over 65's
If you going on holiday abroad you'll need travel insurance. But if you're over 65 you're find the cost extortionate. This article points out why, indicates likely costs and tells you some of the small print to look out for. At last you've ...




"Types of Insurance for the Lawn Care Business"
 
I know what you might be thinking is, "I don't need insurance". Want to make your life uncomfortable? Let your mower throw a rock and hit a child. I've had rocks break several windows in my day, but I am so lucking it didn't hit anyone. Look into insurance!

I've had several people contact me about what insurance is needed for the lawn business. Here are some explanations. General Liability- for damage to someone or their property. Government and large businesses require liability insurance of 1 million coverage.
Health- If something happens to you while working, you need to make sure your health insurance will cover you if you can not work.
Workers compensation- Compensates employees for work related injuries and illnesses. Some states don't require this type of insurance. Where I live (TN), workers comp is not required for less than 5 employees. Cost of workers comp varies by state.
Business Auto- covers company vehicles.
Cost depends on: Type Size Number of vehicles How far it's driven everyday What it's haulingBusiness Owners Policy(BOP)- Package insurance which includes:
1.General Liability
2.Business Interruption Insurance- replaces business income and pays expenses such as equipment, office rent, fire, theft, orother loses. Cost $300- $400 a year.
Surety Bond -Covers the hiring contractors should you default on the job. Occasionally, this may be required for commercial jobs. Once you become established they may waive the bond.
Surety bonds are generally not needed for residential accounts, unless you are applying pesticides or herbicides. Ask your insurance agent.
Unless you have expensive equipment, I would think about not insuring the equipment, but to not insure you must always lock equipment with locks that are fast to open and close. I use the locks with the 3 numbers(Masterlock) or key locks, never do combination. Takes too long to open.
Before I started locking my equipment down, I had equipment stolen from my trailer. Later on my trailer was stolen even being locked. Lawn equipment is stolen a lot. More than you probably think. How long do you think it take to drive past a truck andsteal a $500 blower? About 5 seconds.
When looking for insurance there are 2 classifications.
1.Insurance agents- Usually represent 1 company
2.Insurance brokers- Represent many different companies.
I like working with brokers since they are on your side and shop several companies for quality and price. Always get 4 or 5 quotes because prices can vary greatly.
I know what you might be thinking is, "I don't need insurance". Want to make your life uncomfortable? Let your mower throw a rock and hit a child. I had rocks break several windows in my dayFree Web Content, but I am so lucky it didn't hit anyone. Look into insurance!Best of Luck!


ABOUT THE AUTHOR
Kevin Whiteside is the owner and editor of www.LawnForum.com Monthly,an online newsletter for lawn and landscape professionals.Get a FREE subscription here mailto:LawnForum@aweber.comHe is also the author of "Turn High Grass Into Cold Cash- How toStart the Ultimate Lawn Service" http://www.GrassToCash.comYou can use this article as long as the bylines are included.





Insurance News


Minnick Insurance Services, Inc. Offers an Interactive Way to Purchase ...
San Francisco Chronicle (press release)
Minnick Insurance Services has partnered with Astonish Results, LLC - a digital marketing and insurance sales training company that specializes in modernizing the way by which the independent insurance industry does business - to create an innovative ...
Price Insurance Unveils Its New Custom Virtual Insurance Office and Digital ...DigitalJournal.com (press release)

all 16 news articles »

Ross Insurance Agency, Inc. Honors Late Family Member, Local Community Through ...
San Francisco Chronicle (press release)
For the next five years, Ross Insurance Agency will host an annual Team Ernie gold tournament in order to raise the $60000 that the Ross family pledged the Holyoke Public Library rebuilding expansion project. Holyoke, Massachusetts (PRWEB) May 26, ...

and more »

McDermott Costa Insurance Brokers Connects Its Local Community Through Social ...
San Francisco Chronicle (press release)
With the unveiling of the agency's California insurance blog, the team at McDermott Costa Insurance Brokers hopes to better serve both the insurance and social needs of its neighbors. San Leandro, CA (PRWEB) May 26, 2012 Local California insurance ...

and more »

Moneycontrol.com

TEXT-Fitch affirms Selective Insurance's ratings
Reuters
May 25 - Fitch Ratings has affirmed Selective Insurance Group, Inc.'s (Selective) ratings as follows: --Issuer Default Rating (IDR) at 'A-'; --Senior debt at 'BBB+'; --Junior subordinated debt at 'BBB-'. Fitch has also affirmed the 'A+' Insurer ...
Fitch Affirms Selective Insurance's Ratings; Outlook StableMarketWatch (press release)
US Insurers Have Capacity to Provide 2012 Hurricane Coverage: FitchInsurance Journal
Fitch: US insurance industry has capacity for 2012 hurricane seasonArtemis.bm (blog)

all 118 news articles »

Jill on Money: Real estate, munis, life insurance
CBS News
Of course bonds have risk, but you can reduce it by purchasing high quality paper and perhaps even consider giving up a little interest to purchase an insured bond. Harry brings up a good question: how much life insurance is necessary and what type is ...

and more »