How much is insurance?

[Peter.s]

I know i am going to get henpecked for asking this but dose this seam about rite?
I do mostly freelance climbing but am thinking of starting my own company and am still in the "figuring out how much this will cost me" stage.
I have a chipper&truck and all the gear ill need to do 98% of the tree's in my area North NJ but I was wondering if this sounds about rite for a 1 crew company.
I got a quote from http://www.treeserviceinsurance.com/ for $1,150.00 per month and thats just liability forget about equipment or employey comp.

so I was wondering what insurance runs a month (or year) for you guys...

let the henpecking commence...
pete

 

[VA-Sawyer]

I don't pay that much in a year!

 

[Blakesmaster]

It varies greatly state to state. Get several quotes.

 

[treeclimber101]

Yea that's a bit crazy . I pay about 12/1300 a month for comp , liability and 3 trucks with full coverage I am in camden county south jersey .

 

[CUCV]

That's crazy high, get other quotes. What did you say for years of experience?

 

[ACATS]

$850 for 2 mil liability per year in Ontario Canada.

 

[epicklein22]

I know i am going to get henpecked for asking this but dose this seam about rite?
I do mostly freelance climbing but am thinking of starting my own company and am still in the "figuring out how much this will cost me" stage.
I have a chipper&truck and all the gear ill need to do 98% of the tree's in my area North NJ but I was wondering if this sounds about rite for a 1 crew company.
I got a quote from http://www.treeserviceinsurance.com/ for $1,150.00 per month and thats just liability forget about equipment or employey comp.

so I was wondering what insurance runs a month (or year) for you guys...

let the henpecking commence...
pete

I think you need to look at that quote again. I use them for insurance and it's about that much for 1 million dollars in liability for a whole year....

 

[Blakesmaster]

Reading your guys insurance numbers makes me hate New York even more.

 

[DMD]

I just got a quote for a similar size operation in FL and it was right at a grand for 12 months. I'm betting your quote was for a whole year.

 

[kyle goddard]

When i ran my business in myerstown pa a few years ago it was 666.50. Thats was just for liability. If i can recall correctly,. I believe that was for 2 million. I told the agent ive been doing this since i was 9 years old working with my father. There was never a claim, . Any damage that occurred was paid out of pocket.
Most damage i ever did was rip a gutter off a house. I also clipped the corner of a building at warnersvill st hospital. Thank god my brother in-law was a self employed roofer.

 

[kyle goddard]

It was an old storage building. If it was on the main campus i would have dismantled it.

 

[Peter.s]

I was told by the guy I used to work for that he pays $900 a month from a local insurance guy so I assumed the quote was per month.
I went back to the Email they sent me it just went over the figures - premium itself is $650 and they tack another $450 on in charges.
Im going to stop by the local guy I insure my farm truck thru and another place nearby and see what they have to say.

Probably any damage that may acure ide pay out of pocket but I would like everything to be on the up and up legally.

 

[climbhightree]

I paid almost $16,000 last year for insurance. But that is workers comp (for one employee, through the State), liability (1 mill per occurrence, 1 mill umbrella), and agency fees.

 

[Peter.s]

did some more checking in and its $1,150 for the year - MUCH better.
still gonna go to some local guys but this makes things look alot better

thanks for the feedback - pete

 

[2treeornot2tree]

I pay around 7k a year for everything. That includes 2 big trucks, 2 pickups, a car, 3 trailers, workers comp, and all my equipment is insured.

Sent from my SCH-I605 using Tapatalk

 

[climbhightree]

I pay around 7k a year for everything. That includes 2 big trucks, 2 pickups, a car, 3 trailers, workers comp, and all my equipment is insured.

Sent from my SCH-I605 using Tapatalk

Who do you have your insurance through? That is half what I pay.

I've looked at other brokers etc, and haven't found that much better rates. Plus, it seems like the only place I can get workers comp is through the state (because I am too small for private insurance companies).

Sent from my SAMSUNG-SGH-I537 using Tapatalk

 

[treeman75]

I have my bucket, logloader, chip truck and pickup with full coverage. Then I have policies on my mini, chipper and dump trailer incase they get stolen and have my saws and gear insured too. I have 2mil in GL and it is just under 8k a year for all of it. My WC is 17.34%

 

[arborjockey]

Just me in this one man, mobile tree service.
120.00 a month for a million in coverage.
No machinery on the job and no employees.
If either are needed the policy price gos up.
And no commercial property work.
Otherwise I tell them I have health insurance and good luck fixing the the stuff I break.....suckers.

 

[miko0618]

$200 a month for liability and auto.

 

[rymancm]

$1,000/year liability. That is what everyone pays around here in New Hampshire.