Cost of insurance

[Abbershay]

i was wondering what is the cost of your insurance around the country, and what it adds up being per job by the end of the year?


I have no employees so i was wondering also about how much does an employee cost in the tree biz?

 

[Abbershay]

liability,

 

[Abbershay]

wow that is pretty high. its about 1400.00 here and thats for 1 million

what does 3400 end up costing the customer. how much per job?

 

[ROLLACOSTA]

Originally posted by Abbershay
i


I have no employees so i was wondering also about how much does an employee cost in the tree biz?

well in the UK workers insurance costs about 10 times more than liability...put it like this [you can do the math] liability for my company is about £500 but as i employ 2 guys full time there insurance /workers compensation i think you call it costs an extra £4000...problem is too many workers are claiming for injuries

 

[Abbershay]

when you break it down. 65.88 per week. It really doesnt seem like much but i am sure the ins provider really is making a ton of money.

 

[Stumper]

$876 -$500,000 . Just a one man show. The insurance company is definitely making money on me since I play a no claim game-but yes it is wise to have it-Peace of mind for customers.

 

[Climbing mike]

I'm still trying to understand why liability Ins. is based on employee payroll? I can understand workers comp but why liability?

Mike

 

[Nickrosis]

Measure of the size of the business.

 

[Stumper]

Right. They are trying to gauge how much work you are doing and thus how much risk you offer.... logical but flawed.Whether they use payroll or gross reciepts.- The guy who does 60K in fruit tree pruning is a lot lower risk than the guy who does 38K in hazardous removals.

 

[Nickrosis]

It's going to be flawed....especially with just one variable.

 

[DDM]

Originally posted by Climbing mike
I'm still trying to understand why liability Ins. is based on employee payroll? I can understand workers comp but why liability?

Mike

They want to know how many people are involved in the tree dropping process? More people more liability?

 

[BigJohn]

I was told we were around $30,000 a year per crew.So we pay out of pocket I'm guessing around $120,000 a year.

 

[Lumberjacked]

Here is NY I pay a little over $3000 a year and thats $1 million in liability.

 

[Nickrosis]

Originally posted by BigJohn
I was told we were around $30,000 a year per crew.So we pay out of pocket I'm guessing around $120,000 a year.

I bet you were told wrong. Paying 10% of your gross to ALL insurances is appropriate, but $30,000 in liability is not right.

 

[jkrueger]

I pay a little less than $1,000 for $1 mil. a year. Thought that was a good deal. Here in PA no one asks for WC. so ....

When I have to bring another climber or even gound person I expect them to have their own insurance. That is the way it is where I am. Last year I worked for a garden design firm pruning shrubs and small trees, no climbing, and I had to have insurance, even their gardeners were expected to carry their own insurance. There are a number of good companies around here who's entire staff is made up of independents. They get and give the work so that is the way it is.

I do not do TDs unless necessary, then if the job is to big I get someone who is all about that.

Jack

 

[Nathan Wreyford]

I pay $250 a year for 1 million€ (1.27 million $$ ).

That includes WC as well. I agreed to it when I thought the quote was per month. It is an advantage to having highly trained workers. Here an arborist has a 16 hour 1st aid course, 40hr chainsaw couse, 40hr climbing course, and a 40hr rigging/aerial rescue course before they can be insured.

Prices in the states for arborists are so high because an "arborist" is often just a guy with a Poulan wildthing, power prunner, and a ladder.

.02

 

[Abbershay]

how much do the classes cost? i find it funny really, the time for each training section is very unbalanced.imo

 

[Nathan Wreyford]

about $800 a piece. The 1st aid was €35. 300 hrs of work climbing (w/ only handsaw) are required between the climbing course and the climbing with a chainsaw, rigging, AR course.

The courses are a one time thing. The savings are a monthly thing

Unbalanced maybe overkill in parts for sure. Better than the ZERO required in the states. Most states that is (Maryland.... ) In states where you have a state arbo cert, is insurance cheaper if you have that cert??

I was exempt from the chainsaw and first climbing course due to prior experience and a demonstration of skills.

 

[Ax-man]

Originally posted by Climbing mike
I'm still trying to understand why liability Ins. is based on employee payroll? I can understand workers comp but why liability?

Mike

____________________________________________________

It's easy to figure,, More people on the payroll = more screwups = higher premium rate to cover the screwwups caused by more people on the payroll.

Larry

 

[pmuscato]

Cent. Fl. one person, one year, $ 1 million coverage $1,700.00