Summary: How often have you had questions about business insurance but just didnâ??t get around to asking your insurance agent. Itâ??s possible you are just starting out and donâ??t have lawn care business 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 companyâ??s 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 lawn care business owners and found a friendly insurance agent to give us answers. 1. Q: How does an LCO determine which liability policy should be purchased? What percentage of LCOâ??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 LCOâ??s have this coverage? Answer: Most lawn care companies donâ??t carry these high limits. 4. Q: What is the average LCO deductible for liability and theft? Answer: I recommend carrying deductibles of $1,000 If you are in need of free lawn care marketing material for your lawn care business, please visit our site at http://www.gophersoftware.com. We have hundreds of free lawn care logo, flyer, door hanger and web templates you can download and use for your lawn care business. We also have free lawn care business contracts. Also download our trial version of Gopher Lawn Care Business Software. Gopher will help your lawn care business schedule and invoice more customers in less time, allowing you more time to grow or enjoy your life. Check out my lawn care business blog at http://www.lawnchat.com and my lawn care business forum at http://www.gopherforum.com
