Just curious what you guys are paying. Looking for ballpark cost expectations.

I’m a sole proprietor based in Virginia for context. Running the business out of my van so no office space etc. My company is a pressure washing/window cleaning business. Residential only so nothing over 30ft.

I got a quote from Geico that was astronomically high so I was just curious what you folks are forking out.

Cheers.

  • InsuranceToTheRescue@alien.topBEnglish
    1·
    10 months ago

    So, first, I’d be very careful with the coverages you’re putting in as well as how you answer questions. My recommendation is to find a local independent agent. They write for multiple companies and can do a lot of the shopping around for you. You’ve also got a knowledgeable professional you can go to and ask questions.

    From what you’ve described, you’re going to need:

    • General Liability
    • Commercial Auto
    • Inland Marine (for your equipment)
    • Commercial Umbrella (not strictly necessary, but always recommended)

    As far as price, there’s a lot to consider and nobody here will be able to provide anything about their premiums that will matter to you. If this is a new venture, you’re going to be paying more and may just have to bite the bullet. A lot of the companies that offer nicer prices won’t insure new ventures for specific business types. Each company has their own appetite for different kinds of commercial risk.

    • rivalfish@alien.topOPBEnglish
      1·
      10 months ago

      Thank you.

      I am in contact with a broker who is based in my neighborhood (down the street basically). I’ve been a USAA customer for years and have always just got insurance on an app/website without the need for an intermediary. For my business though I see now that I probably need to sit down with someone.

      So I appreciate that advice.

      • InsuranceToTheRescue@alien.topBEnglish
        1·
        10 months ago

        You do pay a touch more than if you went straight to the same company, but having someone you can actually discuss things with is well worth it, IMO.