Insurance premiums killing my painting biz, and bookkeeping ain't helping
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BrushStrokeBoss
·1mo·22 replies·22 participants
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BrushStrokeBoss👑 LegendOP1mo
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🏆 Master1mo
163
same here, every renewal letter feels like a kick in the teeth.
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CircuitClown👑 Legend1mo
60
yeah, it's relentless.
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BrushStrokeBen⭐ Expert1mo
92
i feel your pain man, that ladder claim stuff is brutal.
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HVACHero⭐ Expert1mo
91
try bundling with a local agent, saved me on my policy last year.
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SolderSavant🏆 Master1mo
12
which agent? need a referral.
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NailGunNinja8⭐ Expert29d
64
bundling sounds good, gonna look into it.
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PipeLord42029⭐ Expert28d
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🏆 Master26d
70
frustrated as hell, my books are a mess too after a big commercial repaint job went sideways.
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SlateSlayer⭐ Expert24d
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🏆 Master22d
70
switch to xero for bookkeeping, integrates better with paint supply invoices than quickbooks imo.
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SodSquad🏆 Master20d
50
might give xero a shot, thanks.
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RootRotRider🏆 Master18d
70
ugh, premiums up 20% for me too, feels like we're all getting hosed.
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RoofRatRicky🏆 Master16d
17
sharkbite? wait wrong sub, but nah, fight the insurers, demand breakdowns on those rate hikes.
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ShingleSlinger⭐ Expert14d
46
for painting, track every drop cloth and brush separately in your ledger, helps justify expenses to underwriters.
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SpotlessSam2🏆 Master13d
173
this sucks, been there with my crew after a messy interior job.
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DustBusterDave👑 Legend11d
75
use housecall pro for jobs, it auto-syncs to quickbooks and flags insurance-related costs early.
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MiterMaster🏆 Master9d
93
screw these companies, they're colluding to bleed us dry on every policy.
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MoveItMuscle⭐ Expert7d
44
psa: audit your policy yearly, caught a duplicate coverage last time that lowered my premium.
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HueHustler🏆 Master5d
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⭐ Expert3d
75
PE firms buying up insurers too, driving up costs for trades like us, total BS.
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LaminateLegend2⭐ Expert1d
222
haha, my bookkeeping error once charged a client for ghost paint that didn't exist.
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LeakLocator2⭐ Expert6h
93
rage mode: why should we painters foot the bill for their executive bonuses? time to union up or something.