Lawn Care Business Forum Lawn Care Business Book Lawn Care Business Blog Lawn Care Software
Home Forum Contract & Flyer Templates Blog Software Videos Podcast Calculators / Estimators Store Mower Review Design It Yourself Lawn Business School

Go Back   GopherHaul Landscaping & Lawn Care Business Marketing Forum > Just starting your lawn care or landscaping business? > Starting a lawn care business.

Starting a lawn care business. How to start a lawn mowing business, lawn care business, or landscaping business. If you are starting a lawn care business, ask your questions here.

To bond or not to bond?


Starting a lawn care business.

How to start a lawn mowing business, lawn care business, or landscaping business. If you are starting a lawn care business, ask your questions here.
Reply
 
Thread Tools Search this Thread
  #1  
Old 06-03-2009, 02:32 AM
doug1980
Guest
 
Posts: n/a
Default To bond or not to bond?

Well I took the plunge...I registered my company name and got my business license. But now I'm unsure if I should get bonded or not. Also unsure where to get liability insurance. I doubt I will make very much this year since it will be on the side maybe 5 customers total. What should I do know to be fully legal and operational?
Reply With Quote

Stop guess-timating. Learn how to estimate and make money! $$$
Mow Time Estimator Lawn Care Price Estimator Mulch and Topsoil Calculator Snow Plow Estimate Calculator


  #2  
Old 06-03-2009, 06:07 AM
Steve W's Avatar
Steve W Steve W is offline
Senior Member
 
Join Date: Mar 2009
Location: SOWEGA
Age: 49
Posts: 103
Rep Power: 8
Steve W is on a distinguished road
Default

Lawn care business tipsLawn Care Business Book
Quote:
Well I took the plunge...I registered my company name and got my business license. But now I'm unsure if I should get bonded or not. Also unsure where to get liability insurance. I doubt I will make very much this year since it will be on the side maybe 5 customers total. What should I do know to be fully legal and operational?
I would suggest that you check with your agent that handles your home owners or you Truck policy. They can help you most of the time.
And as far as being bonded, If your not gonna grow much more than that I would not get a bond.
Good LucK!

Steve W
__________________
<a href="http://www.gopherforum.com/index.php?pageid=GopherHaul-Lawn-Care-Business-School&graduate=661b304af1800fad86a3828c8bcbb737">
<img src="http://www.gopherforum.com/uploaded-files/images/school-logo-banner.gif" border="0">
</a>
Reply With Quote
  #3  
Old 06-03-2009, 08:03 AM
jasonw's Avatar
jasonw jasonw is offline
Senior Member
 
Join Date: Feb 2009
Posts: 1,010
Rep Power: 9
jasonw is on a distinguished road
Default

i called the place that dose my car insurance, its just the broker I called and they really sucked. Asked all sorts of questions, Said they would call a few insurance places and get back to me with a quote. Never heard back. I do not call and remind people they were suppose to call me. Its there responsibility to call me if they say they will so I assume they don't want the business and will call a different place today.
Reply With Quote
  #4  
Old 06-03-2009, 10:37 AM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 37,928
Rep Power: 10
Steve has disabled reputation
Default

Doug,

Congratulations on getting going.

Check out this post on lawn care insurance and let me know if it helps.

http://www.gopherforum.com/showthread.php?t=8583
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
  #5  
Old 06-03-2009, 10:42 AM
StartALawnCareBusiness's Avatar
StartALawnCareBusiness StartALawnCareBusiness is offline
Keith
 
Join Date: May 2007
Posts: 731
Rep Power: 0
StartALawnCareBusiness is on a distinguished road
Lightbulb Lawn care bonding

Doug:

Congrats with your business name registration.

I believe "bonding" is a word that is thrown around a lot without a clear understanding of what it means.

There are specific types of bonds. One type of bond is a surety bond. A surety bond is, basically, a promise of payment by the bonding company to the organization you are under contract to. In other words, if you agree to a lawn maintenance contract for 1 year and then quit after 1 month, your bond agreement may help protect the organization against loss by your quitting. Whether it protects YOU or not depends on other factors such as the verbiage in the bonding agreement.

In my opinion, apart from bonding employees, surety bonding is the most prevalent need for lawn care companies bidding contract work. It placates the organization you are under contract with...which is good. Do you need to be bonded for your 5 clients?

Before you throw money after designations such as "Bonded" to your lawn care company, do your research so you know what you are actually buying and if it is needed and will benefit you and your small business.
__________________
Start a profitable lawn care business.
Reply With Quote
  #6  
Old 06-03-2009, 10:51 AM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 37,928
Rep Power: 10
Steve has disabled reputation
Default

Keith,

Just starting out, do you think a new lawn care business owner should get any sort of bond or is it just too soon?

Should you get to the point where the customer is requiring a surety bond or an employee bond before you get either?
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
  #7  
Old 06-03-2009, 10:55 AM
doug1980
Guest
 
Posts: n/a
Default

Thanks for all the replies. Yeah actually I was not going to worry about the bonding then did my research and well couldn't decide that's why I posted here. I think for now I can wait but eventually I want to have commercial accounts and my main goal is to bid on military bases then being bonded may be benificial.
Reply With Quote
  #8  
Old 06-03-2009, 11:14 AM
StartALawnCareBusiness's Avatar
StartALawnCareBusiness StartALawnCareBusiness is offline
Keith
 
Join Date: May 2007
Posts: 731
Rep Power: 0
StartALawnCareBusiness is on a distinguished road
Lightbulb

Quote:
Keith,

Just starting out, do you think a new lawn care business owner should get any sort of bond or is it just too soon?

Should you get to the point where the customer is requiring a surety bond or an employee bond before you get either?
Steve: In my opinion, a sole-proprietor mowing 5 neighborhood residential lawns doesn't have a great need for being bonded. His primary concern, at this point, is determining his licensing requirements and securing proper business insurance.


Quote:
I think for now I can wait but eventually I want to have commercial accounts and my main goal is to bid on military bases then being bonded may be benificial.
Doug: If you plan to bid military bases, bonding will be an absolute requirement. They won't let you "guess" whether you need it or not...trust me. Also, bonding will be down a LONG list of other requirements for which they will hold you accountable. Double, triple, and quadruple checks on your credentials will be made before your bids are accepted. Sometimes it's nice not having to wonder if you're in compliance.
__________________
Start a profitable lawn care business.
Reply With Quote
  #9  
Old 06-03-2009, 11:28 AM
Steve's Avatar
Steve Steve is offline
Administrator
 
Join Date: May 2003
Posts: 37,928
Rep Power: 10
Steve has disabled reputation
Default

With bids on such properties as military facilities, which kind of bond would be required do you think? Also would this be something where you would wait to see their requirements before you got it?

Also do the surety bonds cover all your customers or do you buy one bond per client?
__________________
- Subscribe to my Lawn Care Marketing Blog Feed and get daily tips sent to you. Free!
Download your Free trial of Gopher Lawn Care Software.
Reply With Quote
  #10  
Old 06-03-2009, 01:36 PM
doug1980
Guest
 
Posts: n/a
Default

Yeah luckily with my Military Career I was in charge of dealing with the contractors that mowed and applied pesticides/herbicides on my Base. Since I was the Pest Control Supervisor for 6 years I gained a lot of knowledge on how the military bidding goes and all that is required. It also helps that I am still a DOD certified applicator for pesticides and herbicides. For now though I went the Sole Proprietor route until I get a bit larger then I'll go LLC.
Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
Did this job free to...
JJand M Lawncare
05-02-2016 02:33 PM
Today 10:07 AM
by Steve
4 79
Correct way to quote a...
WarriorLandscapingCAN
05-02-2016 11:52 AM
05-03-2016 10:59 AM
by Steve
1 56
How to tell Cust. to...
GeeGood
04-09-2008 09:55 PM
05-02-2016 02:45 PM
by JJand M Lawncare
13 5,227
Having an issue with...
Mr. Mow
04-27-2016 03:58 PM
04-28-2016 05:04 AM
by Sprinkler Buddy
2 127
Hello From Virginia
JJand M Lawncare
04-25-2016 01:02 PM
04-27-2016 05:20 PM
by Steve
5 160
knowledge is Key
Greg'slawnandlandscape
04-23-2016 02:23 AM
04-25-2016 02:40 PM
by Steve
2 147
Hello from Calgary
Freshcut
04-22-2016 06:10 PM
04-25-2016 02:38 PM
by Steve
1 134
Echo Bed Redefiner...
NPM_LLC
04-12-2016 10:54 AM
04-22-2016 06:15 PM
by Freshcut
4 335
Has anyone done a garden?
Brian3137
03-28-2016 10:42 AM
04-22-2016 04:42 PM
by biglee
13 9,784
What would you charge?
markty
04-18-2016 03:28 PM
04-22-2016 09:01 AM
by chris2500hd
6 320
Replaced Mower Engine
Sprinkler Buddy
04-15-2016 06:21 AM
04-19-2016 11:03 AM
by Sprinkler Buddy
6 274
Hello from Oklahoma
Ron Hall
03-24-2016 06:59 PM
04-16-2016 03:51 AM
by Ron Hall
9 9,484
Laying down some stripes
MATTNAPIER89
04-11-2016 09:55 PM
04-14-2016 11:55 PM
by Steve
3 359
Find out what business...
MATTNAPIER89
04-11-2016 09:58 PM
04-13-2016 12:32 PM
by MATTNAPIER89
2 302
Hello my name is Matt
MATTNAPIER89
04-11-2016 09:46 PM
04-13-2016 12:58 AM
by Steve
1 258
How to drop some...
nickeckes
04-11-2016 01:07 AM
04-12-2016 05:22 PM
by Steve
4 332
Trash Receptacle for a...
tannerduncan
04-12-2016 05:02 PM
04-12-2016 05:19 PM
by Steve
1 237
Small Project Lawn
tannerduncan
03-31-2016 08:21 PM
04-12-2016 05:16 PM
by Steve
7 9,362
Please Help! Bidding...
Dorali
02-15-2016 12:02 PM
04-06-2016 01:08 AM
by Steve
36 13,101
Hello
pbcleff
04-05-2016 07:45 PM
04-06-2016 12:35 AM
by Steve
1 429
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 02:13 PM.


(C) 2011 Riggs Publications - Terms of use & Privacy Policy

All times are GMT -5. The time now is 02:13 PM.

(C) 2011 Riggs Publications - Terms of use & Privacy Policy