After many years of working for others and trying to land the perfect job. I have decided to go on my own. Im going in the morning to get insurance cuz a company that wants me to chase rigs for them requires it along with 6g cert qnd I supply all for 42.50 an hr. The way I see it if I gotta buy insurance for that chump change I might as well make it work to my advantage. Right? We'll see what happens. Wish me luck and pray. Lol. I've been pondering on it for years and after this latest step on my ladder and my wife saying. Just do it im doing it. Im a nervous wreck
Man, we'd all like to see those numbers higher there Shad. For both your sake and ours. It doesn't speak well of our profession when people have to take that low of pay and still provide everything. I'd find a way to keep most of my work off the insurance so when you are auditted as to annual sales and payroll you are paying for as little as possible. Also, keep the General Liability as low as you can and still be covered for what the customer wants. Once you pass $1mil they don't go up real fast, but they do go up and every penny is going to count.
Thanks Brent I highly doubt ill get to or ever see 1 mill in a year and yes I have the lowest coverage possible pretty mufh just paying to have a card saying I have insurance I know ill need more coverage in the future ill cross that bridge when it comes. But with what I have it gives me a little more room to go to bigger jobs.
Actually, the $1mil is the Aggregate amount of your General Liability Insurance. You will need about that much coverage or even more in case of accidents that damage properties you are working on.
Its a big change for me and out of my comfort zone. Just gonna nod my head and give it my best. Long term goal is to dispatching guys out on calls and sit back snd count my money
Lawrence you're both right ive always been my own worst enemy. And I couldny not come visit you guys. Yall have been there thru the good and bad times. Thanks
On a Rig Call, the Welders Insurance has never been used that I or my Agent (They Specialize in Rig Welders) is aware of. It only Subrogates the Energy Company Insurance. It is Really, Good For Nothing. It is just a Required piece of Red Tape.
Shad your a pro, therefore your phone will probably ring more then you want it too sometimes. No Worries. The Lord has a funny way of dropping jobs in your lap right when ya need em. You will probably find it all more enjoyable in the long run.
Tommy I know the work so good now its easy. Im gonna be the only guy with this new CO. that can set a head. They dont pay extra for that but we all know how that works.
Thats not what I charge its what they pay its xmas and hunting season and its slow cwll me low rent or whatever its a job and the bills will get paid thats all that matters for now. My normsl rate is 65
I didnt mean you were calling me anything they got guys working for 40.00 and single handers for 17 I guess when you own the joint you can do as you please
Get out there and get yours Shad. You can do it, you have been doing it and now you have the opportunity to make your mark. Hard work is something you are not afraid of so I don't think you will have a problem. Use your resources and make it happen! Attitude is everything... Stay positive in every aspect of this new endeavor.
Hell Shad, the way your always workin'/lookin' for work I thought you were on your own/ in business already!!!!! Well congrats, "jump in the waters fine"......Coming next taxes,government regs., employee problems,bill collections,etc.. etc... etc.....
