I look forward to a very small company start residential cleaning. I am the only worker, just trying to make some extra money. I do not intend to occupy, and I hope one more, perhaps two or three houses a week. Do I need a business license and property-casualty insurance for something that small? Can someone give me advice? Bonding, insurance and licensing can be expensive and if I can put off my business grows, it would be great. any review is extremely useful
Whether you need a business license, on which your business is located, I can not give you information about it would depend. In principle, requires the jurisdiction where I am most companies a specific license for its business-oriented or if they do not fall into one of these categories, they are required to obtain a license basis and register with the Department of Taxation.
For insurance reasons, the cost between $ 600 to $ 800 per year for one event $ 500,000 / $ 1,000,000 total limit for general liability and even if you are a new business can be introduced as a rule, a plan review, 25% down payment and then fund after 8 – for a small fee or free. Regarding the bond a bond of $ 5,000 for janitorial services with fewer than 5 employees usually costs about $ 100 for the year. The bond protects the owner if you or someone you use to steal something from home are – in your case, it is primarily a marketing tool to help potential customers. You can also check your car insurance know that you use the vehicle of transport for you and your household paraphenelia these houses, that it failed, it could be lead to a further claim denied. As long as you should not recruit employees and your car operator takes over the use of the vehicle the LMA and the binding all you need to be from the perspective of an insurance company. The only exception would be if you invest heavily in equipment or supplies, and you have this covered for theft and / or other damage.
I suggest you find a good local insurance agency specializing in business insurance for further assistance. You can access the website for independent and insurance brokers of America go in search of help by allowing you to your city, state and zip code to pull up all local agents, check their Web sites and specialties, and the companies they represent and their contact details, so They made a few speeches and pick this, you will feel better. Please note that your information is not saved or used to serve in another case, except for the search for an agent to your community
At the end it is the choice whether to go without insurance or a bond – to note, however, that if you buy an insurance policy and decide with a left right, you can keep a ruined credit, lost a client that loss of reputation and even threaten your assets – home, bank account, future income, etc. Nobody is proof in itself judgment bankruptcy is not the full protection and can ruin your credit for years to come.
I hope this information is helpful. Good luck in your new business.