Discussion:
Company Start up questions

Hi I have a few questions about going out on my own in the forklift industry. I have been a forklift mechanic for about 5 years and I have some customers that I have taken care of over that time. I am wondering is there any specific sort of liability coverage that I would need in order to do safety Insp? Is the company suppose to carry any sort of specific coverage? What I require to get a business off the ground and running? The business would be in Ontario, Canada. Any help with this would be greatly appreciated. Thank you.
  • Posted 28 Jul 2020 04:31
  • Discussion started by John_Smith
  • Ontario, Canada
Showing items 1 - 5 of 5 results.
Totally agree with Uncle SI There is a lot of things that can be done that does not require a laptop. Just do quality work , keep the customer in mind when you bill out the job. A good customer will pay like clockwork and will keep you in mind when additional help is needed.
  • Posted 3 Aug 2020 20:18
  • Reply by triumphrider
  • Texas, United States
I am the forklift mechanic at a facility that uses a one man independent mechanic to assist me when needed.
When going down this road remember to consider, you have to do really good work, the benefits to phoning you over phoning a dealer MUST be very evident. This also means charging MUCH less per hour than dealers.... or why wouldn't I just phone the experts?
MOST large companies will only phone you because they "think" they are getting a deal.
Also, there are, as you know some VERY expensive electronics etc. on a lift that if something goes wrong.... you will be on the hook for the cost of those parts.
More and more forklifts today are using proprietary software and you need expensive - hard to get programs to diagnose and make adjustments. MOST OEM manufacturers are very reluctant to give out software at all.
Having said all that - there are a TON of things an independent can do like seats, tires, lights, horns etc. etc. etc. where if you get enough clients you may do very well.
Good Luck !!
  • Posted 31 Jul 2020 00:03
  • Reply by UncleSi
  • Manitoba, Canada
Minimum 2 million in Canada and it depends what you consider cheap
  • Posted 30 Jul 2020 23:11
  • Reply by dan_m
  • Ontario, Canada
Constantly Lifting The Standard!
Usually all you need is a 2 million liability insurance. It's pretty cheap in the U.S. Dont forget to pay your taxes and should be good.
  • Posted 30 Jul 2020 22:58
  • Reply by selftapper
  • California, United States
Speak to an insurance agent. You will need general commercial liability insurance at least. If you are working out of your home as a base, your coverage on your home will have to reflect that as well. Errors and omissions, I am not sure.
  • Posted 30 Jul 2020 22:25
  • Modified 30 Jul 2020 22:25 by poster
  • Reply by dan_m
  • Ontario, Canada
Constantly Lifting The Standard!

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