Welding Biz

GatorNation1 · Tue Nov 03, 2015 6:35 pm

Howdy. Currently work as a welder for a mechanical company in central Florida while going to school for engineering. Thinking about starting a llc type small company doing welding repair to make some side cash. Just wondering if anyone has ever done this and what all is required/recommended to start up. Thanks in advance.

soutthpaw · Tue Nov 03, 2015 6:38 pm

Price out the cost of business liability insurance before you do anything else

GatorNation1 · Tue Nov 03, 2015 6:47 pm

Do you know if there is a minimum amount required?

Tue Nov 03, 2015 8:42 pm

I suppose it depends on the work you want to do.

To do work for homeowners, building gates, fences, and other FIXED items, you might be good on as little as $250K coverage, which is not that expensive.

If you want to do trailer hitches, trailers, trailer repairs, or anything else highway mobile, you'd be better off at the $1M mark.

If you want to contract to major construction/shutdown/pipeline projects, you're looking at $5M.

Steve S

Tue Nov 03, 2015 9:05 pm

Holy crap, in Australia alot of places need 10m +

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Poland308 · Tue Nov 03, 2015 10:35 pm

Think Iowa has a 10 mill minimum too. State Law I swear it is.

Coldman · Tue Nov 03, 2015 10:42 pm

I gotta have 10 mil for most sites I work on.

MosquitoMoto · Tue Nov 03, 2015 10:48 pm

Poland308 wrote:Think Iowa has a 10 mill minimum too. State Law I swear it is.

For just a moment there, you sounded like Yoda.

Kym

GatorNation1 · Tue Nov 03, 2015 11:01 pm

well my name got around from working on my uncles bobcat trailer a lot and his friends etc enough to where I could fill up weekends with small work for the better part of the year, but I wanna do it legally for any repercussions sake. Thanks for the input y'all!

Poland308 · Tue Nov 03, 2015 11:09 pm

MosquitoMoto wrote:
Poland308 wrote:Think Iowa has a 10 mill minimum too. State Law I swear it is.

For just a moment there, you sounded like Yoda.

Kym

YouTube Donny Baker comedian.

GatorNation1 · Wed Nov 04, 2015 8:06 am

Looks like I'm Fl for a $1M policy it's around $750 bucks a year. Not to bad I'd say. Thanks for all the help

Artie F. Emm · Wed Nov 04, 2015 10:51 am

Welcome to the forum, and good luck with your venture! Keep us posted as to how it's going!

Steve H. · Wed Nov 15, 2017 10:12 pm

Hey guys, I have a similar question as gatornation1.
Looking to start up a Fab shop, and I have been getting mixed feedback from people as far as what I can and cannot do. The question is, because I want to Fab and not just run a "repair shop" if I were to do structural and not ornamental Fab work, would I have to have it approved by an engineer before it left my shop or do I have the free will to build whatever as long as I'm certified, LLC, insured ect?
P.s live in new jersey

cj737 · Wed Nov 29, 2017 8:52 am

Steve H. wrote:Hey guys, I have a similar question as gatornation1.
Looking to start up a Fab shop, and I have been getting mixed feedback from people as far as what I can and cannot do. The question is, because I want to Fab and not just run a "repair shop" if I were to do structural and not ornamental Fab work, would I have to have it approved by an engineer before it left my shop or do I have the free will to build whatever as long as I'm certified, LLC, insured ect?
P.s live in new jersey

You have the Free Will to build whatever you want. But you are still susceptible to Legal Claims against you in the event of failure. Unless what you build is certified as structurally correct, and you have a valid WPS for the work performed, you can/will be held legally responsible for any damage, injury or death. And your business insurance will not cover you if you are not "certified" or follow the "law" with respect to the work performed.