Don’t get caught flatfooted with Employers. They’re aggressive and holding on to what they like. A minor exception, that you don’t see here, is to their Retail book, which is 1% lighter. Also not apparent here is how hard they’ve hit the Construction industry, doubling their policy count to over 8k records to end 2024. Top classes here are Landscaping (doubled), Painting (more than doubled premium and count), Plumbing (double), Electrical (take a guess). It goes on. And it’s been a 3 year trend. One thing to note, you won’t find many accounts north of $200k (Max premium on the far-right bar/dot chart). They have a hotel topping the list at $1.7MM, Wholesale Stores a distant second at $423k. Overall an average account size of $3,800 with insured’s seeing an average 3% decrease on renewal, a 22% decrease for new biz.
Insurance Xdate’s Post
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Are you doing your research when you hire contractors? Getting things done right from the very start makes the WORLD of difference. Don't compromise on the heart of your home. A reputable installer ensures precision that lasts, preventing potential issues before they arise. Research, choose wisely, and invest in craftsmanship that elevates your home and saves you from future expenses. #tileinstallation #tile #tilefloor #tileshower #tilecontractor #quality #homerenovation #homeremodel
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I help HVAC, Plumbing & Remodeling companies scale to acquisition | $42m in revenue added | 75+ companies helped
Contractors: The Secret to Thriving in Tough Times? Start Small, Grow Big Get your foot in the door with smaller projects like cabinet refacing or flooring. Once you're in, watch the magic of scope creep unfold. One small job can lead to multiple projects. It's about adapting to economic realities and changing consumer behavior. Ready to pivot and thrive? Let's align your strategy with today's market. #JobCalls #ContractorSuccess
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Common Categories in Demand on Boots & Ladders 1. Home Services From plumbing to electrical work, this category covers essential repairs and maintenance tasks. 2. Labor, Moving, or Hauling Services related to moving, lifting, and hauling items for homes or businesses. 3. Food, Events & Parties Catering, event planning, and food delivery services for various occasions. 4. Automotive & Craft Automotive repair, detailing, and crafting services for vehicles and DIY projects. 5. Assembly Service Help with assembling furniture, appliances, and other items. 6. Lessons Offering lessons in various subjects, from music to academic tutoring. 7. Personal Assistant Administrative support for busy professionals or households. 8. Pet Care Services including pet sitting, dog walking, and grooming. 9. Accounting and Finance Financial consulting and bookkeeping services for individuals and businesses. 10. Legal and Paralegal Legal services, documentation, and support for various legal needs. 11. Business Coaching Guidance and mentorship for business owners and entrepreneurs. 12. Graphic Design Creative services for branding, marketing materials, and digital content. 13. Home Inspection Assessing properties for potential buyers or sellers. 14. Construction & Commercial Projects Specialized trades and services for construction and renovation projects. What Is Your Superpower? Select one category to best describe your skills! Join Boots & Ladders and showcase your expertise in these in-demand areas!
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🔎 Ever wondered how to customize a commercial space to fit your business needs without breaking the bank? Let’s explore Tenant Improvement Allowances (TIA) and their significance. What is a Tenant Improvement Allowance? A TIA is the amount a landlord contributes toward customizing or renovating a leased commercial space to meet the tenant's specific needs. This can include adding walls, updating flooring, or installing lighting. How Does It Work? The landlord provides a set amount, usually calculated per square foot. TIAs typically cover "hard costs" like framing, HVAC systems, and flooring. If renovation costs exceed the TIA, you’ll need to cover the difference; if they are below, you might negotiate applying savings to future rent. Key Considerations: - Negotiate Wisely: The TIA is often negotiable depending on the class of tenant—ensure it aligns with your renovation goals. - Use It or Lose It: TIAs usually come with a “use it or lose it” clause, so complete renovations within the specified timeframe. - What's Covered?: TI funds cover permanent improvements but may not include removable items unless negotiated. - Budget Management: Obtain multiple bids and consider hiring a project manager. - Legal Compliance: Ensure all improvements meet local codes and obtain necessary permits. Why It Matters Customizing your space enhances customer experience, boosts employee productivity, and can increase revenue. A well-negotiated TIA can significantly reduce your renovation costs. Want to learn more? Contact a Pickett Sprouse Broker TODAY. #CommercialRealEstate #CRE #CRELeasing #CREInvesting #RealEstateInvesting #OfficeSpace #RetailRealEstate
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There’s often a lot of “builder jargon” within a contract that can make things more confusing for you 😕 Your builder should be capable enough and professional enough to take the time to go through each line of the contract with you so you can completely understand and feel comfortable with it. 1️⃣ Provisional Sum (PS) The allowance for labour only, or sometimes the collaborative cost of labour and materials. The thing about PS’s is that they are only estimates which means they often change when the final cost of the tasks is calculated. Be wary if your builder has filled your building contract with PS’s as you could find your contract price increases dramatically throughout the build. 2️⃣ Prime Cost Item (PC) The allowance for JUST materials, such as appliances, sinks and taps. It’s essentially a dollar figure where the final selection of those items is still to be confirmed. The allowance for a PC item only covers the supply of that item. Any labour associated with the installation will be included separately as a Provisional Sum. 👉 Building contracts are all part of the home building experience. You can’t escape them but you can be well informed about them to put yourself in the most advantageous position at the time of signing. #BuildingContracts #CustomBuilder #HomeBuilder #CrownConstructions
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Got Something That Needs Cleaning? We've Got You Covered! #ItsWhatWeDo | First-Class Professional Cleaning Solutions by C.L.E.A.N
You MUST be brave in business. After trading for 8 years we wasn’t seeing the growth we had hoped so we made the decision 12 months ago to pull everything to pieces and start again. 12 months of blood, sweat and stress and those changes are now starting to show clear benefits with us moving up a level. It’s been a great week where we have continued to push on and keep breaking new boundaries. Our residential side of the business is off the scale and completely blown away our own expectations. Staff appraisals done this week with great feedback from the lads on where we can improve and where we’re succeeding. After a short recruitment drive we have another 2 full time staff coming into the cleaning teams in 2 weeks. We’re fully booked until mid June so we need to get another team on the road asap to bring down our lead times. Lucky we had this spare van which I nearly sold so kitting it out asap with kit we have spare in the offices with a view to upgrade to a hot van mount system soon as time allows. This is only possible if you surround yourself with a great team and positivity. ⚠️ Does your business premises need a little TLC ? ⚠️ Does your development need a C.L.E.A.N ? ⚠️ Has your property lost its WOW factor ? ⚠️ Not happy with your current service provider and considering a change ? We would love to work in partnership with you to provide any of the below services 👇🏼 ✅ Pressure Washing & Steam Work ✅ Stonework, Render & Cladding ✅ Roof Cleaning & Treatment ✅ Window Cleaning & PVC Restoration ✅ Driveway & Patio ✅ Gutter Inspection & Clearance ✅ Solar Panel Cleaning ✅ High Level & Rope Access ✅ Cherry Picker Access Hire ✅ TORC Abrasive Cleaning At C.L.E.A.N we provide 1st class exterior cleaning solutions to our clients across the UK. Contact our offices to arrange a free site survey. 📧 enquiries@cleanccs.uk 📞 01634 957 595 📱 07751324712 Got something that needs cleaning ? #itswhatwedo #blockmanagement #estatemanagement #propertymanagement #exteriorcleaning
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I help contractors increase profits by providing effective cost control and advice | Chartered Quantity Surveyor | Member of the Chartered Institute of Arbitrators
4 ways to measure variations: 1️⃣ Bill rates Simple Just measure the quantity of additional works, and apply the rate that you included in your tender. 2️⃣ Adjusted bill rates Which is bill rates with a "fair allowance" for differences in conditions/quantity/timing. Example: an additional internal door is instructed - the original bill rate assumes doors are fitted during second fix, before decoration. But if new doors are instructed after decoration is complete, then you might need to add costs for sending joiner back to site, protecting finished works, making good to disturbed areas, cleaning up after install is complete etc. which would affect the rate. 3️⃣ Fair rates (great phrase!) Basically the parties need to agree what the fair rate is. An experienced QS will have a fairly good idea of what a fair price for most things would be. If it is highly specialised or unusual work, they may request invoices or proof of costs to establish a fair price. 4️⃣ Dayworks Usually for minor elements of varied work e.g. repairs. You need to state the amount of labour e.g. 2 carpenters for 2 days, plant e.g. platform tower, and materials; plus a percentage for OHP of course. 5️⃣ Mixture In reality you will often have to use more than one method of valuing works when putting together a variation claim, and that's fine. --- Want to make sure you're not losing money on variations? DM me and let's chat! #QuantitySurveying #QuantitySurveyor #Variations
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There are so many components of a residential construction project that need to be managed, and as a general contractor, you have the most experience. Which is why it can be challenging when someone else, like a design partner, wants to manage part of the process, such as material procurement. As general contractors, we know that tile is delivered to the curb of a project site on a skid by the tile vendor. We also know that when we include the tile cost in our estimate, we also include labor to haul the thousands of pounds of tile into the house, distributed among the various areas where it will be installed. Because it’s not the vendor or tile installer’s job to do that. But if a designer carries the cost and invoices their client, they won’t necessarily know to include that additional labor cost. They also won’t necessarily be on site to manage things like: ➡️ Receiving the shipment ➡️ Inspecting it to ensure there are no damages ➡️ Inspecting it to ensure the right product arrived ➡️ Managing storage of materials if they arrive too early And it presents a challenge in terms of how to warranty the materials. So, when faced with this dilemma with a designer, it's important to tactfully call out that you need to control the entire process. Click the WORKING WITH DESIGNERS link in my bio to learn how to effectively collaborate with designers on remodeling projects while also maintaining control of the overall schedule, material purchasing, and hiring of trade partners. https://lnkd.in/g7YSHTg9 #designers #designpartners #purchasing #procurement #constructionmaterials #blogpost #ontheblog #knowyournumbers #buildandprofit
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