Snow Equipment Owning/Operating Indulge My Business Idea for a Minute

[Olympus]

The subdivision is a small number of homes all on 3+ acres. There is nothing to get damaged on a neighbors property. There are no vehicles parked anywhere near the road.

And we are a small, rural area. Nobody would scream "lawyer" unless all other options had been exhausted. And I can literally see no reason anyone's property would ever get damaged in the first place.

 

[smstonypoint]

Is your brother a Lawyer? You might need him.

Any CPAs in the family?

Steve

 

[/pine]

Go for it...!
Just get a good umbrella (liability) contract with a reliable company and see where it takes you...it will be a learning process that you can't get at any school/college...

Good Luck...

 

[CDN Farm Boy]

It's an interesting area where you live if you don't have to have liability insurance to plow a road. It's not the damage to your equipment that is the problem, it's when you hit a car or house and have to fix that or damage their asphalt driveway. The biggest issue will be when someone else gets into a tangle because the road wasn't cleared properly. You can bet your ***** that their insurance company will be knocking on your door.

If you can afford to cover those costs out of your pocket, just buy whatever tractor you want and leave the snow clearing to someone else.

(By the way, I'm one of several Supervisors for my areas biggest residential snow removal company serving about 4400 homes)

 

[murphy1244]

Any CPAs in the family?

Steve

Yea might need one of them too. Already adding to the family you might want to do a bigger subdivision.

 

[CDN Farm Boy]

It appears that several of us were typing similar thoughts at the same time.............

 

[Olympus]

I guess it all sounds like a bit of overreacting. If I decided to only do the snow removal in our subdivision, that's $1k to $4k per winter that could be put straight toward the loan on the tractor.

 

[Olympus]

It's an interesting area where you live if you don't have to have liability insurance to plow a road. It's not the damage to your equipment that is the problem, it's when you hit a car or house and have to fix that or damage their asphalt driveway. The biggest issue will be when someone else gets into a tangle because the road wasn't cleared properly. You can bet your ***** that their insurance company will be knocking on your door.

If you can afford to cover those costs out of your pocket, just buy whatever tractor you want and leave the snow clearing to someone else.

(By the way, I'm one of several Supervisors for my areas biggest residential snow removal company serving about 4400 homes)

Shoot. The current guy rarely does any kind of good on the road. It has been a solid sheet of ice most of this winter.

The road is privately owned by the subdivision. I would not be getting anywhere near private driveways. There is zero chance of hitting a vehicle or home in the subdivision.

 

[Industrial Toys]

Your insurance may not care if you do this one project or do it full time. I have found it is becoming increasingly costly to try and just "dabble" in such things. My friend is a condo manager and it has been a real eye opener as far as contractors and liability.

I undertook a mowing job at a (security) customers this last summer because the old guy doing it, well just got too old, maybe in his eighties. First time there, my canopy caught their expensive volleyball net!

My intention for hiring myself out with various equipment was never so much about making money but just to be able to expense the equipment through my business.

 

[murphy1244]

Your insurance may not care if you do this one project or do it full time. I have found it is becoming increasingly costly to try and just "dabble" in such things. My friend is s condo manager and it has been a real eye opener as far as contractors and liability.

I undertook a mowing job at a (security) customers this last sumer because the old guy doing it, well just got too old, maybe in his eighties. First time there, my canopy caught their expensive volleyball net!

How much does a Net cost?