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Starting LLC for teenage son’s business (insurance question)
Posted on 8/1/26 at 10:14 pm
Posted on 8/1/26 at 10:14 pm
I’ve posted on here before when my son got started in his lawn business. He’s started doing other odds/ends as well, is constantly busy and has done really well.
We were advised to get him set up with an LLC (Louisiana) and single person insurance so he can branch out for commercial property jobs. Establishing an LLC isn’t a big expense, but how would we go about looking for insurance for him, and maybe one other since he pulls in help for larger jobs?
We want to evaluate if the cost of insurance would pay for itself or not. He’s about to start his senior year, and he isn’t sure if he’ll keep this going after he graduates (but he might).
We were advised to get him set up with an LLC (Louisiana) and single person insurance so he can branch out for commercial property jobs. Establishing an LLC isn’t a big expense, but how would we go about looking for insurance for him, and maybe one other since he pulls in help for larger jobs?
We want to evaluate if the cost of insurance would pay for itself or not. He’s about to start his senior year, and he isn’t sure if he’ll keep this going after he graduates (but he might).
This post was edited on 8/1/26 at 10:20 pm
Posted on 8/1/26 at 11:22 pm to meeple
Should be simple.
Go to next or call a broker.
To be fully covered, though, I’d have him stick
To lawns and not be a jack of all trades.
Go to next or call a broker.
To be fully covered, though, I’d have him stick
To lawns and not be a jack of all trades.
Posted on 8/2/26 at 11:15 am to meeple
Can use an agency/broker in your area. Or can check with one of the captives, e.g., State Farm, Allstate etc. But if he does anything more than lawns I’d get insurance. Also, if he’s under 18 I’d make sure you have an Umbrella policy to protect anyone coming after you.
Posted on 8/2/26 at 8:50 pm to meeple
Get a business policy with $1 million coverage
Posted on 8/2/26 at 9:37 pm to meeple
Commercial auto insurance for contractors is outrageous. At least here in Texas. Can't imagine it much different in Louisiana since injury lawyer billboards are everywhere just like here.
As long as he is self performing the work then standard General Liability will be sufficient for most jobs. You mention doing commercial work. Some clients may require Umbrella coverage as well. Workers comp should be purchased whether required or not. It's sole remedy if needed.
If he starts to sub out other parts of the job, he will need a strong subcontract agreement with transfer of risk and indemnity protection to his LLC. I also advise he only use insured subcontractors when that time comes. Uninsured subs' work will fall back on the LLC no matter who did the work.
Find a good agent in Louisiana and they'll advise you much the same above and then some.
As long as he is self performing the work then standard General Liability will be sufficient for most jobs. You mention doing commercial work. Some clients may require Umbrella coverage as well. Workers comp should be purchased whether required or not. It's sole remedy if needed.
If he starts to sub out other parts of the job, he will need a strong subcontract agreement with transfer of risk and indemnity protection to his LLC. I also advise he only use insured subcontractors when that time comes. Uninsured subs' work will fall back on the LLC no matter who did the work.
Find a good agent in Louisiana and they'll advise you much the same above and then some.
Posted on 8/2/26 at 9:41 pm to meeple
Workers comp finna eat
Posted on 8/2/26 at 10:22 pm to meeple
if he's just starting out. no employees, less than 100k revenue etc. might just check out NEXT online
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