Insurance Providers

What about the "corporate veil" and protections like that? Everyone around here uses LLC's. I don't think I've heard of anyone not operating with an LLC or some other legal business entity.

 

You'll have that no matter what you do, though. An LLC won't protect you 100% but it's still better than 0%, not?

I may add a second truck at some point depending how a few things pan out. I prefer to operate from a standpoint of "better to have it and not need it than to need it and not have it". If the time comes and I decide to hire then I can strike while the iron is hot, so to speak.

I don't intend to sell things off right away but part on my business planning was having an exit strategy, whether it's sooner or later. This included having a business name that doesn't contain my actual name. I won't do it forever and eventually the torch will be passed on or sold off.

 

Follow up to this: The insurance lady I was working with finally got back to me today. She works with about 5 different companies through her agency so she's able to shop around. Regardless, Progressive is still the only one that will work with me which came as no surprise given what we've all talked about here. She said she threw in just about anything I could possibly need with a policy and even more on top of that. She said she was trying to make this quote on the higher end of things so that there are no surprises down the road, if I pursue this. Even so, the numbers were really loose as I don't have anything set up yet but the quote came in less than $10k per year. There's a $2k discount if the year is paid up right away. She also said that after one year of clean driving the numbers would come down and after three years other companies will be interested in working with me. My clean driving record and good credit score worked in my favor. I estimated about $15k in all the numbers I've been running so this is nice that it will most likely come in under $10k. A big piece of the puzzle fell into place today.