Setting up a painting company can come with a lot of benefits. The idea may sound easy, but painters Pittsburgh experience many risks that arise from working in the industry. An example is you can damage your clients’ property in the process, or your company’s vehicle may get into an accident.
However, before establishing a company, you should familiarize yourself with the laws that apply to a painting company.
What are the laws?
The most vital part of running a painting company is ensuring that you have all the required things in order. This includes following the laws of the State in which your company is operating. Most states have laws that differ from one another, but some laws apply to nearly all states, and this includes;
A painting license is a requirement in more than 20 states, and they can comprise state exams, showing your work experience, and giving a financial statement that proves your financial stability.
Registering your business is less complex and may require giving out some of your basic information that will be placed in the State database. However, you may have to pay a fee to enable the registration to be completed.
Insurance Policies. Due to the number of risks painters may face at their workplace, they might require you to get suitable insurance in some states. You must also ensure that your company is covered with the right Insurance plan for painters. They are three varieties of insurance products that depend on the State you want to operate in.
Surety bonds are required in some states for jobs that are above a specific dollar value. General Liability Insurance that offers protection to your painting business from claims of injuring a third-party and property damage. Workers Compensation is compulsory in nearly all states when you have employees or are using 1099 workers that your State may categorize them as employees.
Before deciding to start up your painting company, ensure that you have reviewed all the laws of the states you want to operate in, and you must follow them to prevent any future problems from arising.