Want to Start a Foreclosure Cleaning Business? Advice on Type of Insurance You Need
Q: What type of insurance do I need to start a foreclosure cleaning business?
Q: What type of insurance do i need or should i get for foreclosure clean ups?
Q: Can anyone send me info on how to start a cleaning buisness of foreclosed homes. What insurance and permits that I would need?
Q: . .. . can someone please let me know what kind of license, bond and insurence i would need to start a Foreclouser cleanup business?
Q: Where would I find out about getting insurance for my foreclosure cleaning business?
Q: Is a business license and insurance needed to clean theses homes?
Foreclosure cleaning insurance, insurance, insurance . . . these are actual questions we’ve received and others that were posted on various chat boards about foreclosure clean up business insurance. It’s one of the most frequently asked questions about this business.
What Type of Insurance Do You Need for Your Foreclosure Cleaning Business?
The short answer is, it depends.
General advice on getting foreclosure cleaning insurance: Each business owner’s needs will be different, depending on the services they offer. Speak with your insurance rep. If you don’t have one, call some of the biggies (eg, Allstate, State Farm, etc.). Tell them about the type of business you’re setting up, the services you’ll be offering and who’ll be doing the work. They’ll tell you exactly what you need.
SPECIFIC advice on foreclosure cleaning insurance:
What type of insurance, how much coverage? At minimum, you will need liability insurance coverage for your business and you will need coverage for your automobile(s). If you have employees, you will need to carry workmen’s compensation.
But each area of the country is different, each county has its own policies and procedures, so make some calls to your county clerk’s office, your local Small Business Administration (“SBA”) and insurance agencies that service your area to make ensure you are amply covered with insurance and properly licensed. [Source: Do You Need to Be Licensed and Insured to Start a Foreclosure Cleanup Business, by Cassandra Black of Foreclosure Cleanup, LLC]
Foreclosure cleaning insurance and licensing — and much more — is discussed in the #1 selling ebook, How to Start a Foreclosure Cleanup Business. Learn how one foreclosure cleaning biz owner makes up to $40,000/wk.
Copyright © 2009 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.