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Lawn Care Business Insurance Basics. Gopher Lawn Care Business Forum Podcast Show

admin — Sat, 17 Jul 2010 01:11:11 +0000

http://www.gopherforum.com – Understanding what insurance you need when you are just starting your lawn care business can be quite overwhelming. I have been able to have a few discussions on landscape contractor insurance over the years to help you understand the topic better. In this most recent discussion I had an opportunity to talk with an insurance agent who sold insurance mainly to the lawn care industry. Here are some of the insights he shared on the Gopher Lawn Care Business Forum that I hope you find beneficial.

What kind of insurance does a lawn care contractor need?

What insurance coverage a contractor needs is dependent on the type of work he or she engages in as well as the risks associated and protection desired. The general purpose of contractor insurance is to provide financial backing for a contractor who is liable to a client who hires the contractor to perform a certain job. The most purchased type of contractors insurance is general liability insurance. As with other types of insurance, contractor general liability offers the widest protection and is most useful to a company or individual engaged any many facets of contract work. There are maximum payouts on the insurance, generally $1 million to $2 million for each type of protection. Contractors protected by a good plan are usually secured against reasonable financial loss due to problems linked to the contractors work. The most complete protection can be found from adding some more specific types of coverage to the general liability protection.

Lets talk about those some of those more specific types of insurance. How about workers compensation. Can you tell us a little about that?

Workers compensation is a common contractor insurance purchased by many contracting companies for their employees. Workers comp insurance is a compulsory type of coverage. This protection helps the employer cover the financial burden of an employee who is injured on a job. The workers compensation insurance generally offers income, medical and rehabilitation benefits for injured employees involved in work related accidents. Some plans also include a death benefit payable to survivors. Business owners/principles may choose to exclude their payroll (and coverage) in some states, with coverage rated only on employee payroll.

How about inland marine insurance? This isnt one we hear about often but it is helpful to know about.

Inland marine insurance is another specialized type of contractor insurance. This contractors insurance protects goods that are in transit over land. Many contractors move materials and goods routinely and this allows them to expect the high costs of those items. Tools, equipment and installation floaters are all considered inland marine insurance and are considered essential types of insurance for contractor.

What about disability insurance?

Disability insurance is another common type of contractors insurance used by contractors and many companies, for that matter. This provides for the income needs of people displaced from work for a period of time due to injury. It is commonly referred to Accident and Health Protection. Health and life insurance are other types of coverage purchased by contractors.

Another common type of protection for contractor is surety bonds. A surety bond is a financial instrument not an insurance policy. A Surety Bond is a financial instrument utilized to guarantee performance. Say for instance a building developer hires a general contractor and the contractor is unable to perform on his obligation to complete a building on time or as agreed. The developer may look to sue contractor for not performing as promised. A performance bond provides protection for this type of exposures. License and permit bonds are required by the cities, municipalities or state. It guarantees compliance with the local, state, or federal codes. Another reason for requiring a license bond is to provide protection to the consumers. Along with contractor workers comp insurance, many states require contractors to have contractor license bonds.

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, estimate and proposal forms. 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

Duration : 0:6:21

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Art Williams – Do It – part 2 of 2

admin — Sat, 17 Jul 2010 01:10:47 +0000

Speech delivered to the National Religious Broadcasters convention in 1987.

I was in Primerica (formerly the A.L.Williams company) selling term life insurance and mutual funds for 18 months and I got my guts cut out. I made $500 full-time in that year and a half. But I never quit. And somewhere along the way I had a revelation: my number one job in Primerica is to become just like my coach, Art Williams. If I became just like him, and did what he did, I would have what he had. I knew as a coach what he wanted most was for his people to do exactly what he says, so I wrote him a letter, telling him what I was going through, but what he was teaching me and how I understood the difference between winning and losing, and what my plans were for the future. Now Art, who is a billionaire, never met me, has a great family, great relationships, hundreds of close teammates around the world, and had just had heart surgery and was living on borrowed time, cared enough about a loser like me a thousand miles away in another country to write me a letter. Art Williams cared about me, my dreams, my goals, my hurts, and my passions. He captured my heart, and it changed my whole life. He made me feel like a stud, and he made me feel like I can win. I left Primerica because I got called to the ministry, and after a few years of learning and preparing, I am ready now to step out in faith and chase my biggest dreams in life. I still work hard every day to become like my coach, I will never forget the things I learned from him, and I will always have a place in my heart for my dear coach.

I love you, Art.

Duration : 0:10:31

Technorati Tags: alw, art, BUSINESS, do, it, primerica, williams, winning

IDA Marketing Services has designed a service to help Americans save up to 40% monthly on their Auto Insurance premiums

admin — Fri, 16 Jul 2010 23:09:22 +0000

With the CDRP™ (Collision Deductible Reserve Plan™) anyone that drives can save.
How it works:
1st call your insurance agent ask them how much money you would save if you raised your collision deductible to $1000.
2nd after finding how much you would save decided which of the following plans would suit your needs to where you would still be putting money in your pocket every month.

$650 per month x 1 month = $650 ( 35% discount)
$50 per month x 15 months = $750 ( 25% discount)
$25 per month x 40 months = $1000 ( no discount)

3rd Contact us to set up your CDRP™ ( Collision Deductible Reserve Plan™ ).
Now on to the questions you may have,
#1. How will having a CDRP™ ( Collision Deductible Reserve Plan™ ) benefit me? Answer: The moment you get your plan you are covered for the $1000 in case you have an accident even if you have only paid the first months premium.
#2. How will having a CDRP™ ( Collision Deductible Reserve Plan™ ) save me money? Answer: If you save $40 a month after raising your deductible to $1000 our lowest plan is only $25 a month for 40 months so you are still pocketing $15 a month which equals $180 a year in savings. Now after the 40 months you will be pocketing $40 every month, that is a savings of $480 a year.
Email us to get your CDRP™ ( Collision Deductible Reserve Plan™ ) TODAY at idamoneytool@gmail.com
For more info go to: http://www.idaleaders.com/?ID=idamoneytool

Duration : 0:6:20

Technorati Tags: accidents, americans, annuity, auto, BUSINESS, collision, company, consultant, deductible, distribution, Employed, for, help, home, IDA, Insurance, Life, marketing, Money, network, plan, Reserve, save, Self, SERVICES, Stay

Small Business Transition: “Starting the Conversation”

admin — Fri, 16 Jul 2010 23:08:54 +0000

Now that their children are grown and on their own, farm owners Ron & Jo are looking ahead to the future of their farming business. When the couple felt it was time to start that conversation with their family, as well as with insurance and legal professionals, they engaged their Farm Bureau Financial Services agent for help with the transition process. To start your conversation, contact your Farm Bureau agent or visit http://www.small-business-transition.com/?utm_source=video&utm_medium=YouTube&utm_campaign=conversation

Farm Bureau Property & Casualty Insurance Company
Western Agricultural Insurance Company
Farm Bureau Life Insurance Company

Duration : 0:6:25

Technorati Tags: AGRICULTURE, alfalfa, BUSINESS, calf, calves, children, communication, conversation, corporation, cow, cows, crop, entrepreneur, family, farm, harvest, hay, investment, kansas, land, Life, planning, plant, production, small, son, sorgham, specialist, succession, taxes, tractor, transition, wheat

Insurance Careers, Business Opportunities and More

admin — Fri, 16 Jul 2010 19:26:15 +0000

Hear what it’s like to be an insurance agent with Farm Bureau Financial Services. For more, visit http://www.wheremybusinessbegins.com/?utm_source=video&utm_medium=YouTube&utm_campaign=busopp

Farm Bureau Property & Casualty Insurance Company
Western Agricultural Insurance Company
Farm Bureau Life Insurance Company

Duration : 0:2:52

Technorati Tags: agent, Bureau, BUSINESS, farm, Financial, Insurance, jobs, opportunity, SERVICES, testimonials, testimony

16 most common Lawn Care Business Insurance questions – GopherHaul Podcast

admin — Fri, 16 Jul 2010 18:09:42 +0000

http://www.gopherforum.com How often have you had questions about business insurance but just didnt get around to asking your insurance agent. Its possible you are just starting out and dont 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 companys 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 LCOs 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 LCOs have this coverage?

Answer: Most lawn care companies dont carry these high limits.

4. Q: What is the average LCO deductible for liability and theft?

Answer: I recommend carrying deductibles of $1,000

5. Q: How does a LCOs business size effect their liability insurance needs?

Answer: The larger the company the better ability we as insurance agents have to market them and get credits for their insurance.

6. Q: Is it a good idea to get your business liability insurance through your homeowners insurance carrier. Why or why not?

Answer: No, it is better to have your liability insurance separate from your homeowners due to the limits on your homeowners.

7. Q: Does snowplowing effect your insurance needs if so how?

Read more on my Lawn Care Business Blog http://lawnchat.com/?p=340

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. Try Gopher Lawn Care Business Software http://www.gophersoftware.com Visit the Gopher Lawn Care Business Forum http://www.gopherforum.com

Duration : 0:7:35

Technorati Tags: BUSINESS, care, entrepreneur, forum, GopherHaul, grass, landscaping, lawn, marketing, mower, plowing, snow, software

Stanley Mutual Insurance Company – Stanley

admin — Fri, 16 Jul 2010 18:09:28 +0000

Stanley Mutual Insurance Company

http://www.yellowpages.ca/bus/New-Brunswick/Stanley/Stanley-Mutual-Insurance-Company/1500556.html?AFC-TT2527453564

Stanley Mutual Insurance – serving New Brunswick for 70 years!

Duration : 0:0:30

Technorati Tags: auto, BUSINESS, Commercial, farm, home, Insurance, Pages¿¿¿¿¿¿¿¿¿¿¿¿¿, small, Yellow

Credit Crunch: Insurance companies and hedge funds crisis. Why economists expect further stock market instability. Comment by keynote conference speaker Patrick Dixon

admin — Fri, 16 Jul 2010 17:17:34 +0000

http://www.globalchange.com Insurance companies and hedge funds crisis following credit crunch and stock market crash. Why economists are worried. Impact on global economy. Comment by Patrick Dixon.

Duration : 0:8:50

Technorati Tags: banking, BUSINESS, economics, funds, hedge, industry, Insurance, shares

How to Buy Homeowners Insurance

admin — Fri, 16 Jul 2010 17:17:22 +0000

Watch this video for a demonstration of “How to Buy Homeowners Insurance”. To complete the task, you will need:

An estimate of the replacement cost of your home and its contents

Get started with the first step: A standard policy covers property damage caused by certain disasters; personal belongings, up to a limit; personal liability, which protects family members from lawsuits related to injury or property damage they may cause others; and medical coverage, which pays the expenses of non-family members injured on your property.

For the complete guide, go to http://www.howcast.com/videos/164288-How-To-Buy-Homeowners-Insurance

Also check out Howcast for other do it yourself videos from bracey and more videos in the Home Insurance category.

How can you contribute? Create your own DIY guide at http://www.howcast.com/videos/new or apply to the Howcast Emerging Filmmakers Program at http://www.howcast.com/filmmakers/apply

Duration : 0:3:0

Technorati Tags: BUSINESS, buying, family, finance, getting, HotHowTos, house, Insurance, Money, policies, purchasing

Oklahoma Farmers Union Mutual Insurance Company

admin — Fri, 16 Jul 2010 17:17:03 +0000

American Farmers and Ranchers Mutual Insurance Company President Ray Wulf explains name change (Business Wire)

Duration : 0:0:39

Technorati Tags: AGRICULTURE, BUSINESS, Insurance, NATURAL, PROFESSIONAL, RESOURCES, SERVICES