I have looked into the insurance..the premiums aren't too bad. A 1 million liability policy with a 2 million aggregate under a LLC company name frees me from any personal exposure..at least so I was told. It would take less than 1 carts rental for 4 months to pay the premium. After that...I would be allowed up to $70,000 in gross income before the premium goes up. BAsically as it was laid out..any rental business income from $1 to $69,999 costs $1100 for the million dollar liability policy. So whether its one cart or 20 carts...the price is the same.
As far as getting the carts to use as a rental....thats easy. We alrready work on and fix up carts for resale...so I have al the connections for parts and carts....and we work on them ourselves so that cuts out that part of the expenses.
Im just trying to cover all my bases before jumping in and welcome all ideas, concerns and suggestions. One cart is ready to go, another will be ready by the end of next week...so its almost time to make some commitment decisions I guess LOL
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