How to Market Your Cleaning Business

You’ve registered your business and sorted out your financials. You got insured and have figured out the logistics. Now you need to find customers.  How do you start the ball rolling? Marketing, my dear chap! It is when you bring your business and sell the idea so your clients will buy it. It’s all about planning and acting upon that plan, and that’s how to market your business!

Let’s Go To The Market

A ‘market’ is a place of business – this is where people sell their goods. Start by drafting out a plan which considers the type of people you want to target. Getting people to notice you and avail of your services takes a lot of effort and money, therefore, having a solid ‘marketing strategy’ will keep you from losing a lot. This will ensure that you are within your target timeframe to be known by potential customers.

A marketing timeframe should include how you will be endorsing your services and how much you will be spending. You have to understand the customers and their location, your competition, and your money in the bank. Once you have thought of these, make a plan.

Act It Out

Start by creating an image. This is how your cleaning crew will look like and what customers will first think about when your business name comes to mind. Always smiling, neat, and clean clothing or a uniform with your business logo would do for a more professional look.

Have your business name and services in the yellow pages, or the local newspaper’s classified ads. A simple, three line ad will do; of course, with your contact number so people can call you.

Many people spend a lot of time on the Internet. Take advantage by using free advertisement postings on the online yellow pages. This is a simple way of marketing your cleaning business, and it’s free!

What’s ‘flyering’? It is a term used by advertisers who create and print on a small piece of paper – your business name, the services you offer, and your contact information. These small pieces of paper is distributed to people on the street, supermarkets, or stuck to the windshield of a parked car. It would be best to add a ‘tagline’ for your business to catch the attention of the customers.

Marketing Ads

Good advertisements are always a deal maker, and a sloppily made one is a deal breaker. You would want people to know your business and what it does. Making your product a household name; this is what every ad aims to do, and this is what you would want to do.

Be it billboards, flyers, TV, or print; it has to say the truth about your product. No sense in embellishing, but bank on the features and benefits that your services can offer. It has to be ‘catchy’ to attract the attention of customers.

Then What?

After all the ads, and hard work; your business will become a household name! It just takes patience, planning, and action to do it.

Now that you know how to market your business, what option will you take? Comment below!

Interview Questions to Ask to Get You the Best Employees

Finding the best candidate for a job opportunity may become tedious at times, but it does not have to be that way. Interviewing and evaluating candidates is the key to make sure that you get the best out of all the people who have answered your job advertisement. In this article I will help you determine the best interview questions to ask.

Getting To Know You

Interview the candidate using good, definite, and specific questions. Keep in mind that there are guidelines to streamlining your questions; bottom line though no discriminatory questions. Stay away from questions that touch on religion, nationality, visa status, orientation, etc. When evaluating candidates, it is imperative that you do this without bias. Your evaluation should be according to the candidate’s ability to do the job and thus, you need to know right interview questions to ask.

In the Cleaning Business industry, skills are most crucial. There are specific questions that unmask the skills and the level of the candidate in terms of these skills. There are only a handful of cleaning companies who has experience in human resource management. The owners usually use their ‘gut feel’ or instinct when they are interviewing and evaluating a potential employee. Here’s how we can help you.

Asking the Right Questions

First, start with questions about the candidate’s previous experience in the cleaning industry. Questions about skills and knowledge come next. “What cleaning materials and methods do you use to clean carpets and bathroom tiles?” Then self-evaluation questions: “If you were given three rooms to clean, how long will it take you to clean them?” These are examples. Depending on the type of cleaning service that your company provides, a streamlined set of questions will do best.

Let’s say your candidate passes the interview stage. The next step will be to get the candidate evaluated. Review the list of skills and qualities that you are looking for as listed on your checklist. A checklist would look like this: Number of years in the industry? Can you work long hours? Why did you leave your previous company? Etc.

Weighing the candidate against the checklist as you ask your questions will make evaluation easier for you. It also guarantees that you are evaluating all the candidates/applicants using the same criteria.

As you ask questions, tick or jot down the answers of the candidate on your checklist with his/her answers. This can now be called a “snapshot.” At the end of the day, it is time to do the deliberation. If the candidate is an eighty percent match to your checklist, then he/she is worth a try. If the candidate is a 100% match, then that is the candidate that you are looking for, a ‘dead fit’ candidate.

Making the Hiring Decision to Make Your Life Easier

Now that you know what goes on from the interview to evaluation, and your candidate was able to get a one hundred percent on your checklist – chances are this is the person worth keeping. If the candidate still does not feel right, then it probably isn’t.

Once you do extend an offer, make sure to also get references and conduct background checks. You don’t want to employ someone who steals from your clients’ homes. Have new employees also sign a loyalty contract promising not to steal your customers to start their own business.

In Conclusion

Finding employees for a cleaning business is not difficult since it requires skills that many people has. However, finding great employees is a different matter. You want to hire people who are passionate about what they do and bring the utmost professionalism and discipline. Using the right interview questions to ask and evaluating appropriately, you will increase your chances of hiring employees who represent your business and project the positive image you want.

Comment below with your own interview questions!

6 Ways to Post a Job for Free

Now that you have crafted and written your job advertisement, the next thing to do is to post a  job.  Where do you begin and what channels will have the biggest chance of getting you the cleaning employees you are looking for?

Commercial Job Boards

While commercial job boards such as Monster.com and Careerbuilder have extensive reach, I find that most applicants are unqualified except for the occasional great applicant. These job boards are very popular and attract almost all online job searchers.

I suggest posting on more specialized job boards such as Care.com. These specialized sites target specific employee skillsets and expertise so that helps filter out candidates and unqualified resumes, making it easier for you. Perhaps the only exception I will make on job boards is a site like Craigslist because the site is quite active and you can see more recent postings easily, in addition to the service being free.

Job Search Engines

There are many job search engines out there. The more popular ones are Indeed.com and SimplyHired.com The good thing about these sites is that for a fee, you can have your job listings stand out.

  • Indeed.com searches thousands of websites that employers use for recruiting. So you can post on only one site, i.e. your website, and the job searchers will easily find your posting. This way, your cleaning business does not have to post on multiple sites and monitor each site. You also do not have to pay to post jobs as you will with commercial job boards.
  • SimplyHired.com also offers free listings with a pay-per-click option to make your job posting stand out by moving it to the top. Like Indeed.com, only when a job searcher clicks on a job you posted and taken to your job site do you pay for the service.

Social Media

With the rise in social media, I definitely recommend using LinkedIn, Facebook, and Twitter as a way to post a job and to reach potential job searchers for your cleaning business. You can use social media in two ways:

  • First, these sites have interest groups and discussion boards that you can read about, join, and promote your job postings. For example, join a Cleaning Business Owners fan page. Or participate in the forums for the Association of Residential Cleaning Services International (ARCSI) on LinkedIn.
  • Second, you can post your job ads on your LinkedIn company page, your Facebook page, or your Twitter handle. Even if the people who follow you are not job candidates themselves, they may know people who are looking for cleaning jobs and give you valuable referrals.

Company or Organization Website

Your website is a great asset and you should definitely use it for recruiting. Place the job ads prominently on your home page. This way, candidates who apply are familiar with your company’s vision and goals and therefore you attract the right candidates. This is definitely a free way to post a job.

Another benefit of posting your job ads on your website is that these jobs will be featured on job search engines such as the ones I mentioned above.

Flyers

A regular size coupon bond paper   (8.5” x 11”) distributed to your certain neighborhoods or in trade show booths can still be effective. Your job posting is a one page ad. As in any ad, make sure to have great content and show potential job hunters why they should come apply to work in your cleaning business. When people take your flyers, encourage them to share it with their friends and network.

Employee referral

Having your employees refer family and friends is one of the best ways to recruit. To be successful with this approach, offer incentives to your employees so that they will be willing and excited to recommend names of people they believe will be a good fit for your business. Giving bonuses or cash prizes for successful referrals can generate excitement. This is not exactly a way to post a job, but it’s a great way to get applicants you like.

Don’t be ashamed to ask for help. Ask your employees to watch out for potential candidates that they can send your way. Once you know you can trust a certain employee, then go ahead and ask that person. Have forms handy to make it easy for them to make referrals.

A Final Note

There you have it! Six effective ways to post a job. Most cleaning businesses hire employees as it grows bigger. Hiring staff is one great sign that your company is doing well. However, in many cases, there can be relatively frequent employee turnover. The more thought and preparation you put into advertising for employees, the greater your chances of retaining a loyal and productive staff.

Comment below if you have any extra tips!

Writing a Job Description for Your Business

Once you decide that hiring staff is the logical next step to growing your business, it’s time to create advertisements that will get you the right people for the job. But how do you attract the right person for the opportunity? Writing a job description is easy if you know what to do!

Weaving words that could catch the attention of the person that you are looking for is a talent that can be learned. How do you create an advertisement with the right words to capture the attention of the right person?

Sell All To Be Bought!

Create your advertisement. Be creative in making the title of your job posting. “Steaming, Hot, Java Developer” works well if you are after great developers. But for a cleaning business, “Lightning McClean” will work better in getting you the best cleaning personnel who are adept at all-around tasks. After deciding on a title, it is time to compose your content.

The content needs to be as attractive as your title; it has to be direct to the point. Careful wording yet targeted to the right individual.  List main responsibilities as well as wages, hours, location, and status (full time, part time, or temporary). Keep in mind that the best people for the job are those who are currently doing the same job, so better make good on your content. “We want you! Hardworking, smart, and can work long hours. Be one of us!”

It is necessary to set the specific skills that you are looking for, however, the way you deliver it should not in any way sound discriminating to those who lack one or two of your requirements.  Remember when writing a job description that you cannot discriminate on grounds of race, gender, marital status, religion, sexual orientation, or age. Focus on the job knowledge, skills, and qualifications.

If you are comfortable, I suggest you include a salary range. Don’t worry, you can vary the final salary offer depending on suitability and qualifications. Finally, provide information on how to apply and include contact details and closing date. Make it easy for the applicants to reach you!

Build up your company’s image without overdoing it to the point of misinformation. Take advantage and highlight the benefits that a potential employee can look forward to. Include a feedback from previous clients and make your potential employee “want” to join your company.

Now Put Everything In

“Title: Lightning McClean. A self-managing  cleaning professional who can do the job in no time at all. We want you! Everyone in our company enjoys a relaxed working environment and great compensation. This ensures that everyone is happy while working. Enjoy insurance benefits for you and your family. Wait, there’s more! Our company encourages continued education and certification for  employee enrichment.”

The next time you create an advertisement for the right employee, this type of example works. Wordings are the key to writing a job description. Keep it attractive and direct to the point. Always keep in mind: Sell the job, sell the company, and make sure the right person buys it!

Comment below to tell us about your tips and tricks as well!

How to Hire Employees: Employee or Independent Contractor

If you work by yourself, there is a limit to how many clients you can serve. I started my cleaning business with myself as the sole cleaner and while I wanted to do more and make more money, I realized I needed help.

Not only are my hours spent cleaning, I also spent time advertising my services, buying supplies, and managing records. If you find yourself at this point, you may want to start thinking about hiring help. But first, if you want to know how to hire employees, you need to determined whether to get a regular employee or independent contractor.

Choose between regular employee or independent contractor

There are a few important things you want to consider if you are going to expand and hire employees. Do you want to hire them as regular employees or independent contractors? Regular employees will require worker’s compensation, withholding taxes, and a payroll system. On the other hand, hiring independent contractors does pose its own challenges. For example, they will need to provide their own tools and not be beholden to set hours or schedule. Contract labor will carry their own insurance and business license.

My personal take

Personally, I would hire contract labor for one-off cleaning services that I will need help with. For example, signing up a client that has a big home will require extra hands. If you are unable to find contract labor at such a short notice, you can also hire family or relatives and pay them via contract labor. However, if I have clients who need my services on specific days of the week, then I would hire employees and pay all the necessary taxes. I also recommend hiring employees if you prefer to have more control.

Do the right documentation

When hiring contract labor, make sure you have all the agreement and documents in place. You must also report the amount you paid contract labor each year on a Form 1099-MISC, but you do not have to withhold taxes.  Otherwise, if for some reason the IRS determines that your contract labor was actually an employee, you could be held liable for back withholding taxes and potentially penalties.

One specific document you may want to review is IRS Form SS-8 (Determination of Worker Status for Purposes of Federal Taxes and Income Tax Withholding) which provides information on the criteria used by the IRS to determine work status. It is available on www.irs.gov.

Ramp up slowly

When hiring employees, one tip is to start out on a part-time arrangement. He or she can then slowly take your place on certain days of the week. This will free up your time for admin and other work such as looking for new clients. Therefore, I recommend a slow ramping up on hiring. If you quickly book lots of clients and suddenly your employee quits, you will struggle finding an immediate replacement or lose credibility by cancelling on clients.

After some time, you can have your employees do all of the cleaning. You can then focus on running the business, such as keeping records, employee scheduling, and advertising. Having staff means needing to manage admin tasks such as insurance, taxes, and background checks. Once you know the kind of staff you want, whether employees or independent contracts, and the implications of each, then it is time to start advertising your job openings.

Do you have any other advice on how to hire employees?  Chime in below!

Business Funding: 6 Ways to Finance Your Cleaning Business Without Going Broke

Money comes in many ways. Figure out what makes sense for your situation!

Whether starting your own cleaning business from home or embarking on a larger cleaning company, you will need business funding. Here are five options that you should consider to finance your cleaning business.

1) Personal Savings (INVEST IN YOURSELF!)

Personal savings is the easiest and most common way to fund your business. There are no interest expenses nor creditors that will come knocking on your door if you are late on your payment. Consider this an interest free or interest rated loan.  But, set a series of payments to pay yourself back!

However, most people have already planned for how to use their personal savings such as retirement or the kids’ education. It will help if you have extra cash that you can dip into. Otherwise, you can start saving a small portion of your income or savings each month to use for your business.

2) Family and Friends (Also known as the “Father-Mother Fund”)

Are you ready and willing to risk relationships by mixing personal and business? One advantage for approaching family and friends is that some banks may not be willing to extend loans to people who are starting their first business. With family and friends, funding may be readily available with less contractual hassles.

However, there are risks to involving your family and friends and do proceed with caution. If the business fails or success is taking longer than expected, Money issues can strain relationships. Asking for money can be awkward. It is easier to accept rejection from someone you don’t know personally because then you understand that it was a business decision. Worse is if for some reason you are unable to pay people pack which will effectively ruin your relationship. You know the nature of your relationships best so consider these factors before asking for funding.

3) Small Business Administration Loan: 7(a) guarantee small business loan

The common type of loan offered by the Small Business Administration (SBA) to help you start your cleaning business is the 7(a) guarantee small business loan. You can apply for the 7(a) loan at any bank that participate in the SBA loan process.

Generally, the 7(a) loan program is for business that are already two years since inception and are generating cash flow. Since not all banks offer this type of loan, select one has offered this on a regular basis to make the process easier and simpler for you. Learn more by visiting the SBA loan program website to check your eligibility. This may be the easiest way to get a small business loan.

4) Business Loan

Getting a business loan is another way to fund your cleaning equipment and startup costs. Business loans are usually short term ranging from 5 to 7 years, depending on the type of financing. You will need to offer a collateral to secure the loan such as real estate or another type of asset.

To get started, you will pay a loan origination fee and also interest. However, if the bank you reached out to only offer loans for an amount beyond what you need, you can try to reach out to other financial institutions that may be more flexible. Be prepared to provide details on the amount and purpose of the loan and how you plan to repay it. Submitting documents such as tax returns, checking and savings accounts, as well as credit score will help

5) Business Line of Credit

A business line of credit is relatively easier to get compared to a business loan. It is an unsecured loan and you can use it to finance your costs as you incur these instead of borrowing a lump sum upfront.

It can be used to refinance debt as well as to finance working capital, payroll and all the same types of expenses as a credit card financing. It is typically designed to be a short-term loan and may have a variable interest rate and an annual fee. Some banks may only offer large business lines of credit, such as $25,000 and up, so this may not be the right option for you if you only need access to a small amount of credit.

6) Credit Cards

If you already have or if you qualify for a credit card, you can always use this to pay for some of your initial costs. One advantage for using your credit card is that the minimum monthly payment is low. If you are only starting out and not yet cash flow positive, you can put your expenses on your card and just pay the minimum requirement.

However, there are many disadvantages to using credit card financing. The biggest disadvantage is that interest rates are high and your balance can build up very quickly over time. Annual interest rates can go to 24% or higher which is much higher than the 5% – 6% interest rates on commercial loans. To learn more, you can check out The Pros And Cons Of Small Business Credit Cards.

There you go! Business funding is key early on when starting your cleaning business. If you already have a cleaning business, share your thoughts below on how you financed your business and what worked or did not work for you.

Comment below if you have different business funding tips or tricks!

Business Name Ideas for Your Cleaning Service

What’s in a business name? Why everything!

What’s in a business name? Why everything!

Choosing the right name for your business can be a stressful experience. Here are some business name ideas for your start up! You will want a business name that will draw business in itself, will embody your company’s values, and will last for a long time.  The name should convey what’s unique about your business and relay that to your clients. There are a few sites out there that has more info such as the U.S. Small Business Association website.

What’s in a name?

To start, think of what you want your business name to communicate. The more your name communicates your business services to your clients, the less you need to explain it. Since you are a small business, your name should give clues about the services you offer. This is why a lot of cleaning business have the word “cleaners” in their name or why many landscaping business have the word “landscaping” in theirs. Use real words over made up words because people naturally gravitate towards words they can relate to. Stay away from cute puns. At the same time, the real words you use should be easy to spell so that your clients will remember it easily.

Evoke a positive image

Second, a great business name has to have positive connotation. Choose a familiar name that brings up pleasant memories so that it touches potential clients on an emotional level. For example, consider the difference between

“Grandmother’s Cookies” vs “Mom’s Cookies” or “William’s Janitorial Services” to “Bill’s Janitorial Services”. As you select these names, make sure the connotations are suitable for your business. As a cleaning business, you want the name to convey cleanliness, reliability, and professionalism. A name such as “Crystal Cleaners” conveys just that kind of image.

True colors

Third, think about the colors that you want your name to be associated with. This is important for your business logo and promotional materials. Colors have emotional associations which is why, for example, a lot of restaurants tend to use the color red. A great color for a cleaning business is green because green connotes nature and growth.

Make a shortlist!

Think of 3 – 5 business names and once you have this shortlist, evaluate each again based on the above criteria. Select one that you will be comfortable with. Once you have done this, a few final steps is to claim a website address or URL. Your website address should use keywords that reflect your business. To check availability, you can visit BlueHost.com web services by clicking here (recommended and used by Cleaning Business Now), the WHOIS database, or do a simple web search to see if somebody else has already claimed that name. Once you manage to do this, establish your social media identity by creating a page on social media sites Facebook, Twitter, LinkedIn. After you have gotten a certain number of fans or likes, you will be able to claim a custom URL which should be your business name. For example, www.facebook.com/CleaningBusinessNow.

Once you claim your social media identity. Go ahead and get listed on online local directories such as Yelp and Angie’s List so that your business can be more easily found. There you have it, some business name ideas to get you started. Now you are ready to register your business name!

What’s the best business name you’ve ever heard of? Post the best names below and let’s battle it out!

Pricing Strategy: How to Price House Cleaning Services Part 2

This is Part 2 of our multi-part conversation about how to price cleaning services. Did you miss Part 1?  No problem, you can check out Part 1 of how to price cleaning services here.

If you are still unsure on your pricing strategy, a good way to get you going is to know that in today’s market, hourly rates generally range from $25 to $35. However, if you are only beginning to market your services, you may want to charge a slightly lower rate such as $20 to $30 per hour to help you enter the market.

Over time, you can slowly increase your prices as you gain more credentials and references. Continually work to upgrade your image and have happy clients so that in the future, clients will pay your rice for the quality service you are known for.

First cleans

Remember that first time cleanings will take longer because you will need to determine how much time you need to spend in a home. First cleans also require more work due to neglect and dirt that have built up over time. In such cases, you may want to charge a premium such as doubling your hourly rate. For example, charging $40 per hour instead of $20 for 3 hours will generate you $120 in revenues. After the first cleaning, you can then revert to charging your normal rate.

Cleaning frequency

In addition, your rates will vary depending on frequency of cleaning. The rule of thumb is that the more times you come in to clean a house, the lower the cost per visit. For example, if you normally charge $30 per hour, you may want to agree to charging $25 per hour in exchange for the client signing up for your services twice a month. Another option is to offer a discount if the homeowner is willing to pay for multiple cleans upfront or of they agree to a long-term contract, i.e. two cleaning visits a month for six months.

Payment Schedule

As you finalize your pricing, make sure to work out a payment schedule. Home cleaning is usually paid on the same day the service is performed. However, if you managed to nail on a long-term contract, you may agree on letting the client pay in full at the end of the month as a sign of goodwill and to reward the client for customer loyalty. Whatever you decide on, make sure to be transparent and communicate the payment method to your clients early on to avoid misunderstandings.

Do you have any stories about pricing strategies?  Comment below and share!

Pricing Strategy: How to Price House Cleaning Services Part 1

Having the right pricing strategy is an area that cleaning business owners struggle with the most. One on hand, you will want to make sure prices for your services are competitive. On the other hand, you need to make sure you generate profit so that your business continues to grow. Luckily, there are a few general guidelines which I will list out to help you in determining your pricing.

Types of pricing

There are two main pricing methods for quoting your services: by the hour or by square footage. For residential cleaning services, the pricing method used is usually by the hour. This is because some clients may only need cleaning for a bedroom or certain parts of the house.

Research First

The first thing you need to do is to research and determine how much other cleaning services in your area is charging. Note the going market rate and factor that into your pricing. Compare their level of experience with yours. Note any differentiating factors such as whether your use more expensive or eco-friendly products. Your prices must be reasonably but still enough to give you a profit. A few ways to check for market rates is to visit www.care.com and enter your zip code, read reviews of cleaning services in your area on www.yelp.com, or ask for a quote from www.redbeacon.com.

Location, location, location

The second thing you will want to do is to determine the location of the client’s house. You should factor in your transportation cost and value of your time which could have been spent cleaning another residence. The other reason for considering location is that there may be room to adjust your pricing strategy depending on the neighborhood. You can probably quote a higher price for a house in a nice neighborhood than you can in a university dorm.

House size

The third thing you should consider in is the house itself. Obviously, the bigger the size of the house, the longer it will take to clean the house which will be factored in your per-hour charge. However, if the house has more people living inside it, if the owners have pets, or if the level of clutter is above average, you can potentially negotiate a higher per-hour rate. Houses that are more luxurious and have amenities such as pools or gyms can also probably afford a higher quote. However, do not raise your prices too much that it turns potential clients off.

Cleaning tasks

Finally, consider the cleaning services the client is asking for. Cleaning the carpet, windows, and garage will merit additional charges or a higher per hour fee especially if these are not included in your “full house cleaning service”. If your client is reasonable, he or she will understand that these requirements will need extra labor and effort from you or your team.
Now that you know the different factors that come into play when determining your pricing strategy, I will discuss a few more specifics to get you started on your pricing in the second of this two-part pricing series.  Check out Part 2 of how to price your cleaning services here.

Do you have any other tips on how to maximize the price?  Comment below and share!

Types of Insurance for Your Cleaning Business

As a cleaning business owner, having cleaning insurance will help you manage your risk. In addition to protection from losses and claims, the other benefit of being bonded will increase the likelihood that clients will contract your services since they will feel more comfortable and secured any untoward incidences. What types of insurance do you need?

Some states will require you to be insured and bonded while other won’t. Check with your state to see what is required. If you are required to hold a license of some form, then most likely your business needs to get bonded and insured. Here are the main forms of insurance you should be familiar with:

Liability Insurance

If your business is aimed towards home cleaning, you may not be required to get liability insurance although there are still benefits to having one. Liability insurance is meant to protect you financially if you or a member of your staff inadvertently damages a client’s possession such as knocking off a vase or breaking a window. If you own a commercial cleaning business, there are more liability risks. For example, one of your crew members may have forgotten to lock a door which resulted in theft. If you have the right coverages, your insurer can help pay for any damages related to the incident.

Bonded

Being bonded protects your business from theft. Being bonded protects your clients in the event that a staff member is arrested and/or convicted of stealing from them. The employee may be responsible for the crime but you could be held responsible for the loss. While this type of insurances is not mandatory, having it is an advantage when trying to sign up clients especially if your competitors do not have it.

Vehicle Insurance

If you own a vehicle for your cleaning business, it is recommended that you have insurance to covers the vehicle. This will protect you in the event of accidents especially if one of your crew was behind the wheels. If your crew drives from one home to another and is carrying cleaning equipment and tools, you could be held responsible if they cause an accident. One way to solve this is to endorse your auto insurance policy as “hired and non-owned autos” so that any liability that arises will be deemed to be on company business.

Workers Comp

If you employ a cleaning crew, you will definitely need workers comp to cover your employees’ work-related injuries or illness. Check your state for statutory requirements. Some states require three employee while others may require four.

Summary

On a final note, before you sign up for any of the above types of insurance, talk to a local agent in your area who has experience writing insurance for small businesses. If you need help finding an agent, scour the internet or check your yellow pages under commercial or business insurance. The premium will vary from one company to another so make sure to call and get quotes. Discuss your needs and sign up for the minimum to get you started. Note that no standard carrier is going to write a liability policy on an entirely new business so you may need to call a local, independent agent who can access the excess market.

Do you have any success or horror stories around the types of insurance for your business or being bonded?  Comment below and let us know!