How Do I Start Shop as a Restoration Contractor?

July 09, 2020 Blog

Tips from the Experienced Team of Brokers at The Business Insurance Center

With the increase in weather phenomena around the country, there is a service market waiting for skilled, customer-driven people like you. Imagine coming in and helping a family recover their belongings after a flood or hurricane. What Mother Nature attempted to steal, you were able to regain. That is only one of the benefits you can experience in the field of restoration and remediation.

Consider the excellent service you can offer when you become a restoration contractor. The knowledgeable team of brokers at The Business Insurance Center helps entrepreneurs like you get the protection you need so that you can build and grow a service-based business. Talk with us today and learn how we can assist you in obtaining the coverage you need.

6 Questions You Should Ask Yourself

Are you ready to leap into the restoration and remediation field? Before you jump off the cliff, consider these six questions to get you headed in the right direction as a restoration contractor:

  1. Do I want to start from scratch or buy into a franchise? There are pros and cons to each option. Purchasing a franchise gets you up and running quickly but at a substantial upfront cost. You can experience more flexibility in building your own business but you may need to find a mentor to help you navigate the market.
  2. Is there a need for restoration services in my area? Your business means nothing if you don’t have paying customers to serve. Do some research and see if there is enough of a demand for restoration and remediation. Also, investigate the area to see how many other companies are in the same industry. Research to see how busy or slow they are.
  3. What type of services should I provide? Depending on where you are located, you may do well with mold remediation or water damage restoration. You might want to consider narrowing your focus based on the demand for your area. However, if the weather around you invites opportunities for both mold and water damage, it can help to be able to do both.
  4. What kind of training and certifications do I need? This industry requires specific skills, which mandates certifications. Look for the appropriate certification courses available and use this to create a timeline to build your business.
  5. Do I need permits and licenses? Part of your work is construction and may require specific permits and licensing. Be sure to contact your state and local government agencies to inquire as to what qualifications you need. This may vary by state and region, so it is a good idea to contact the authorities in all the areas you wish to work.
  6. Should I purchase insurance? The best way to protect your business’s future is through insurance coverage. Different policies can safeguard your growing company, including general liability, commercial property, commercial auto, and workers’ compensation.

Safeguard Your Business as a New Restoration Contractor

Pursue your dream of helping others. Get a head start by answering the essential questions and then set an appointment with your helpful broker at The Business Insurance Center. We work diligently to assess your needs and get you the best coverage and rates that won’t break the bank. Let our 30 years of experience work hard for you!

Request a quote online or call and speak with a knowledgeable and experienced broker at The Business Insurance Center about obtaining restoration contractor’s insurance. We have a 24/7 call center to serve you and an online Live Chat opera

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