After watching this video I can say it helped. So I have the money for insurance… no I’m a broke 20 yr old. Definitely will get liability insurance hopefully this year though if I can come up with the money
I was about killed putting a tent up back 7 years ago and the company I worked for didn’t pay there wc insurance so i lost everything and had to sue the location we were putting the tent up at to get all my crap paid for. Now 7 years later I’m trying to get back in the business I love
It usually depends on how much you make or how much stuff you own. The larger you get, the more it costs. It’s hard to give a number, but it will start off pretty small.
I know Im very late for this video, but what do you suggest I should do if I just make 500-700 on every weekend? I mean all those expenses add up so it would not be very profitable.
Just get quotes from an agent. You might find that it’s not as expensive as you think. They don’t charge for quotes. Most of the policies are going to base pricing and n how much you make. So if you make less, they charge less.
Adam I may have missed it but you may want to bring up the extra insurance that city town and state parks require . I am currently covered for 3,000,000 to get into state parks in New York. I may never need it but just in case . Maybe a video on your way of labeling tents and identifying them. Do you identify them as an A or B and also do you rent them as this. Maybe a little cheaper for a B tent if needed for a fair compared to a wedding. Keep up the good work. Thanks
I’m glad you brought that up. I started the same way. I now have all of the above. It’s a bit nerve racking getting started. I now have 1 avant- that takes care of all the policies and I pay a full year and for get about it. However, every week I’m on the phone or email with my agent getting COI for large events. It makes me feel very confident every time I propose/quote on a project knowing I’m totally legit and covered. In fact Ian able to win over other small and mid size rental companies because they are missing coverage or lack coverage.
Four types:
1 GL
2 Inland Marine
3 Auto
4 Workers comp
*5 Building /warehouse
Right. My building a gl are together in a cpp.
Thanks for your videos. We just started our rental business last month with 200 chairs and 20 tables. Do we need insurance for that?
Thanks
Hi Adam what is the time frame you give a college, school,church to pay total quote Thanx.
30 days.
Do you need insurance if you’re renting dinnerware only to start?
Insurance is always good. But bad answer, eh, should be ok.
Thanks for the video dude so your guys are W-2 then? Not 1099
Yeah. Employees.
An idea could be to talk about branding yourself and how long does it usually take to see a returning customer?
The expenses definitely add up. That being said these are all expenses that are unfortunately quite necessary.
Omg I never heard about the workman’s Comp audits.. good to know
So how do you handle upcoming possible high winds and storms when you leave your tents out for multiple days?
Lots of stakes and stake bars. Hurricane, take down.
I can't find anybody to provide GL for me, what Insurance company do you use? I've spoken to almost 20 agents already.
Alliance group in Rochester NY is my agent.
Awesome thank you! I'm in Albany NY so that works out great!@@thetentguy
Thank you so much for all your help!!
Thanks for Sharing. Very helpful. God bless
What insurance company do you use?
My agent in Rochester NY gets me the appropriate things I need. Sometimes they change them. Alliance Group. Rochester NY.
@@thetentguy thank you
We never need until we do.
Right. And too late once you do need it and don’t have it.
After watching this video I can say it helped. So I have the money for insurance… no I’m a broke 20 yr old. Definitely will get liability insurance hopefully this year though if I can come up with the money
I was broke before as well!
I was about killed putting a tent up back 7 years ago and the company I worked for didn’t pay there wc insurance so i lost everything and had to sue the location we were putting the tent up at to get all my crap paid for. Now 7 years later I’m trying to get back in the business I love
That sucks! But I wish you well getting back in. Keep me updated on how things are going.
What insurance companies for liability?
The best way to go is find a commercial insurance agent. They will ship around and get the best one for you plus all the others when you’re ready.
Hi there!
How much does a liability insurance cost a month? We are in California (if it matters).
It usually depends on how much you make or how much stuff you own. The larger you get, the more it costs. It’s hard to give a number, but it will start off pretty small.
I know Im very late for this video, but what do you suggest I should do if I just make 500-700 on every weekend? I mean all those expenses add up so it would not be very profitable.
Just get quotes from an agent. You might find that it’s not as expensive as you think. They don’t charge for quotes. Most of the policies are going to base pricing and n how much you make. So if you make less, they charge less.
@@thetentguy thank you, your a good mentor.
Thanks for sharing.
Adam I may have missed it but you may want to bring up the extra insurance that city town and state parks require . I am currently covered for 3,000,000 to get into state parks in New York. I may never need it but just in case .
Maybe a video on your way of labeling tents and identifying them. Do you identify them as an A or B and also do you rent them as this. Maybe a little cheaper for a B tent if needed for a fair compared to a wedding. Keep up the good work. Thanks
I’m glad you brought that up. I started the same way. I now have all of the above. It’s a bit nerve racking getting started. I now have 1 avant- that takes care of all the policies and I pay a full year and for get about it. However, every week I’m on the phone or email with my agent getting COI for large events. It makes me feel very confident every time I propose/quote on a project knowing I’m totally legit and covered. In fact Ian able to win over other small and mid size rental companies because they are missing coverage or lack coverage.
Yes, having them all in place definitely helps win bids.
That’s a good topic for a video. COI’s.