Mike Andes lost $400,000 in revenue, mostly from snow work drying up, while his insurance barely budged. His business dropped 40%, but insurance companies charge based on the clients and equipment you service, not just the revenue you lose.
$400,000
Approximately $300,000
About 40%
About $10,000–$20,000
We came down 400,000 in revenue, probably 300,000 in snow. So our business essentially came down 40%, yet our insurance came down 10 or 20,000. So it's not real relative. It's really based on the service you have, the equipment you have, that's what they're looking at. And just the type of snow that we do, the type of clients that we have. You know, you throw in any municipality, your insurance is not going to be on the low side because they know if there's damage of any kind. Like for us, for example, York region police. Okay, well, if you have a problem there and you hit cars, you're not just taking out my little Ford Focus, you're taking out cruisers. Right. So there's a lot more. We used to do gas stations as well. I noticed a big jump when we said we started doing gas stations. The admin buildings, like they're very, very high profile counselors and mayors, that's where they go to do their business. A lot of foot traffic. As soon as you mention anything snow related with liability, it's almost like that's the reason that they're just going to give you whatever price.
