VE Inc.
Member
- Location
- Jacksonville, FL
- Occupation
- Electrical Contractor
Hello fellow ECs, tradesmen and women,
Almost 6 years ago, my wife and I purchased an electrical contracting business with 30 years history and membership with the IBEW. With Mike Holt's help, I was able to pass my business and trade exams in 2022.
Anyhow, I'm hoping to get feedback from the trusted forum members. As of 12/1/2024, we're no longer affiliated with the IBEW, but we've been used to supplying all journeymen with trucks, tools, fuel, water, ice, etc.. Service body truck insurance in my state averaged $1,520 per vehicle. Some of that had to do with accidents my former employees caused. Regardless, insurance is an uncontrollable expense and increases exponentially each year.
We've noticed a trend with other trades in our area. They're eliminating service body trucks and moving to placing either connex containers or pull behind trailers on the job sites. These connexes contain misc materials, tools, fixture packages, gear packages, etc. We can insure each container and up to $175,000 in contents for $375 per year. We currently own three connexes. New connexes are readily available for $3,500.
What am I missing? Why would I not choose to go this route?
Any feedback, cons, naysayers, devil's advocates are welcome. As of now, the pros are far outweighing the cons.
Thanks for reading this. Thank you in advance for sharing your feedback.
M Perry
Almost 6 years ago, my wife and I purchased an electrical contracting business with 30 years history and membership with the IBEW. With Mike Holt's help, I was able to pass my business and trade exams in 2022.
Anyhow, I'm hoping to get feedback from the trusted forum members. As of 12/1/2024, we're no longer affiliated with the IBEW, but we've been used to supplying all journeymen with trucks, tools, fuel, water, ice, etc.. Service body truck insurance in my state averaged $1,520 per vehicle. Some of that had to do with accidents my former employees caused. Regardless, insurance is an uncontrollable expense and increases exponentially each year.
We've noticed a trend with other trades in our area. They're eliminating service body trucks and moving to placing either connex containers or pull behind trailers on the job sites. These connexes contain misc materials, tools, fixture packages, gear packages, etc. We can insure each container and up to $175,000 in contents for $375 per year. We currently own three connexes. New connexes are readily available for $3,500.
What am I missing? Why would I not choose to go this route?
Any feedback, cons, naysayers, devil's advocates are welcome. As of now, the pros are far outweighing the cons.
Thanks for reading this. Thank you in advance for sharing your feedback.
M Perry