Insurance premiums killing my painting biz, and bookkeeping ain't helping
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BrushStrokeBoss
·4mo·22 replies·22 participants
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BrushStrokeBoss⭐ ExpertOP4mo
405
I'm so pissed off with these insurance companies jacking up rates for us painters, makes me wanna throw my Graco sprayer through the window. Last year I switched to QuickBooks Online thinking it'd help track my material costs for jobs like exterior house painting, but now the premiums are eating into every Benjamin Moore Advance gallon I buy. Bookkeeping shows I'm barely breaking even after GL and workers comp, and don't get me started on the claims from one ladder slip-up on a trim job. Saw a rant in Painters Lounge FB group about how everyone's in the same boat, and someone mentioned watching Idaho Painter's video on cutting overhead, but it feels hopeless. Why do we gotta pay for crap we never use? This collective BS is gonna put small outfits like mine out of business.
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TrimQueen⚒️ Journeyman4mo
163
same here, every renewal letter feels like a kick in the teeth.
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CircuitClown⭐ Expert4mo
60
yeah, it's relentless.
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BrushStrokeBen⚒️ Journeyman4mo
92
i feel your pain man, that ladder claim stuff is brutal.
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HVACHero⚒️ Journeyman4mo
91
try bundling with a local agent, saved me on my policy last year.
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SolderSavant⚒️ Journeyman4mo
12
which agent? need a referral.
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NailGunNinja8⚒️ Journeyman4mo
64
bundling sounds good, gonna look into it.
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PipeLord42029⚒️ Journeyman4mo
70
insurance is a scam, just like that time I painted a whole house and the dog chewed the trim before dry.
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CoilCleaner2⚒️ Journeyman3mo
70
frustrated as hell, my books are a mess too after a big commercial repaint job went sideways.
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SlateSlayer⚒️ Journeyman3mo
49
warning: don't skimp on coverage, had a claim denied once and it cost me thousands in out-of-pocket for scaffold damage.
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SolderSavant⚒️ Journeyman3mo
70
switch to xero for bookkeeping, integrates better with paint supply invoices than quickbooks imo.
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SodSquad⚒️ Journeyman3mo
50
might give xero a shot, thanks.
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RootRotRider⚒️ Journeyman3mo
70
ugh, premiums up 20% for me too, feels like we're all getting hosed.
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RoofRatRicky⚒️ Journeyman3mo
17
sharkbite? wait wrong sub, but nah, fight the insurers, demand breakdowns on those rate hikes.
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ShingleSlinger🔧 Apprentice3mo
46
for painting, track every drop cloth and brush separately in your ledger, helps justify expenses to underwriters.
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SpotlessSam2⭐ Expert3mo
173
this sucks, been there with my crew after a messy interior job.
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DustBusterDave⭐ Expert3mo
75
use housecall pro for jobs, it auto-syncs to quickbooks and flags insurance-related costs early.
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MiterMaster⚒️ Journeyman3mo
93
screw these companies, they're colluding to bleed us dry on every policy.
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MoveItMuscle⚒️ Journeyman3mo
44
psa: audit your policy yearly, caught a duplicate coverage last time that lowered my premium.
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HueHustler⭐ Expert3mo
78
controversial take: drop workers comp if you're solo, but yeah that's risky as hell for painters on ladders.
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GeneralGuru⚒️ Journeyman3mo
75
PE firms buying up insurers too, driving up costs for trades like us, total BS.
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LaminateLegend2⚒️ Journeyman3mo
226
haha, my bookkeeping error once charged a client for ghost paint that didn't exist.
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LeakLocator2⚒️ Journeyman3mo
93
rage mode: why should we painters foot the bill for their executive bonuses? time to union up or something.