bluefish

Hey everyone. Just starting out and hoping you can help with some insurance and bonding questions.

I haven't called any local companies yet, is there a national company that everyone can suggest?

Am I going to be able to pay insurance monthly or am I going to be stuck paying yearly?

What kind of cost am I looking at for each for basic coverage?

Thanks!

Spicnspan

Echoing your question.

I've been looking around and plan to start with the guy who has my car and homeowners for the insurance. Bonding, methinks a solo operation is OK without if insured and with great references.

Along the same line, is there a benchmark for when to get insurance and a local business license? Last year, I made a total of $50 in sidework. This year I'm up to $65 so far. I've been thinking that I shouldn't worry about going legit unless I'm in line to make more than $500, and probably that's not even worth paying insurance and biz taxes over.

What say the pros? I don't plan on competing against established companies. If I can get three or four clients and make $200 a week, I'll be good and able to quit the company job that's paying me $100-some to work five days cleaning for six clients. (That's me driving and hauling materials to nine solo commercial cleans every week. It's practically negative income for me, but I haven't been able to find any other work.)

I've been saving nickles and dimes for materials and just bought a commercial vac. A few clients that are too small for companies to bother with are all I'm looking for.