Purchase surety bonds. Surety bonds essentially act as a kind of agreement between the contractor and the person hiring them that the job will be performed to standard. You can obtain these through your current insurer as a separate form of financial protection. As a contractor, many states require you to be bonded before you can begin working legally.
While you may choose to paint a door, ground-level window trim and other parts of your house’s exterior, it’s really a job best left to the professionals. One of the main reasons is experience. An experienced painter knows how to handle the prep work, spot problems and identify sources of future trouble, all while getting the job done more efficiently. They are also experienced with spending long hours on tall ladders. If you want high-quality work, it’s best to hire a professional painter near you.
Acquire liability insurance. In the event of accident, injury or property damage, liability insurance will protect you from having your assets seized. Look into a few different providers to compare rates and see what sort of coverage they offer. Good insurance is absolutely critical for small business owners, who stand to lose a lot more should something go wrong.[12]
Familiarize yourself with construction codes and regulations. All cities have laws that dictate things like how contractors can do business, what types of materials and equipment are okay to use and how professional contracts should be handled. It will be necessary for you to have a working knowledge of these regulations as a private contractor. You can study them on your own time while you’re finishing an apprenticeship or receiving on-the-job training.
