Starting a cleaning business. Is bonding and insuring different?

I have worked in and with insurance companies for more than 10 years in underwriting- and pricingroles and -projects. So I am familiar with how the processes in an insurance company works. For insurance companies in general, they are used to working with external suppliers, so you should be able to screen time with relevant people, if your service creates value for them. However, you should be really sure how your service creates value in the company and for whom, and be very clear on that. Insurance is very numbers-driven, and your success will depend on the business case you provide. How much claims cost can your solution create? Will it reduce head count? Will it help the customer experience? And if you can show, that you understand the needs of the company you are talking to (current market position, size, prodcutivity, etc.), that will increase the likelihood of success. The size of the insurer will also affect your selling process. The larger the insurer, the larger the need to identify the relevant decision maker. Does this company have a central supply chain-team, or are the individual departments doing their own buying? With a larger insurer, there can be a risk that the responsibility is were silo-split, which can make it harder to get a decision from them. So the more you can document the value you create very specifically - both with numbers and what people changes it can lead to, the higher the likelihood of success. If you would like more discussion on this, feel free to set up a call. Good luck with your proposition. Best regards Kenneth Wolstrup

Likely you best rethink this. You've already used the work "employees", so you've already proved your workers aren't 1099 contractors. The rules a person must meet to be a 1099 contractor. 1) They have no supervision. 2) They have no set hours. For example, I have a 1099 contractor who runs one of my businesses. His direction is "get all the orders out as fast as you can." He has no set hours. He has no set workplace. Sometimes he works from his home, while he travels, sometimes in the business office. This is a true contractor. If you meet these criteria you're good. If not, you best search for what happened to Microsoft when they paid a bunch of employees on 1099 for years. When you read this suit, you'll be inspired to avoid their mistake.

Hello! Actually that is a pretty standard clause and request. I happen to have that for one of my companies (services) and for convenience sake I originally reached out to my home owners insurance (Geico) in the US. They sourced a broker for me and I pay less than $2k a year but an added convenience is that you pay quarterly. You can ask why the $2MIL option? And or maybe get insurance but don't include that particular one to save you money and maybe pay closer to $1500 or less... When you do get the insurance if you do get it, make sure that you request to add this company in the coverage. Each commercial client you get should be added there even if the client itself doesn't ask for it...

Not necessarily I would think that is dependent upon how closely your product will be woven into the routine functions of the business and which areas of real estate it will apply.

I am regularly asked questions similar to this by new business owners or business owners expanding to a new venture. Insurance has many niches that exist in the commercial insurance space, this is one of them. A couple of places to start; 1. If you already have a broker who handles commercial insurance this would be your first conversation. 2. Even if you have that, a second opinion is a good place to start. Do a quick search in an area in a different part of your state. Try and find a similar operation. Call and introduce yourself and see who they use. Since you are not competition they are likeley to gladly make a referral. 3.Typically associations have a ready made policy just for you. Give this a shot; https://www.acraorg.com/ 4. if leasing from a larger operation, I bet they have someone ready and willing to speak with you as well. Best of luck. Happy to chat further.