I want to start a business that takes advantage of insurance claims. Ideas???

Question

Hello,

I want to start a business where it's easy to get sales funded and easy to find clients.

Businesses I've noticed using this method are:
Mold Removal
Home Improvement
Medical
Auto Repair

Does anyone know of other businesses that are setup like this?

Does anyone know of specific businesses using this technique?

Thank you,

Al

Answer 1

I think that the title of your question set people up to read your question different than you intended. What I get from your question is that you are looking into types of businesses with guaranteed customers. Businesses where the repairs are likely to be made when the problem is detected instead of when the customer gets around to it or has the money to do it. I do think that is a valid way to decide which business to start, very intelligent thinking.
The options that you listed are really what I think of with regard to insurance, other than fire clean up which would be infrequent. There are other options that are not insurance related but are things that need to be done or benefit the customer for having them done. One option that may be available based on the state in which you live is doing repairs needed based on inspections prrior to the sale of homes. Here in California homes must be inspected before they are sold. In most cases the seller completes all necessary repairs before the home is sold. The home we recently purchased had over $16,000 worth of repairs needed ranging from rotten floorboards in doorways and under the bathrooms to gutters that needed repair.
Another option is to look into things that people can get a tax break for or save on their utilitiy bills by doing. Some of these include double paned windows, weatherproofing, solar panel installation, etc.

Answer 2

I am in the medical field doing claims assistance work among other things and yes the clients are plentiful but the work is highly specialized and if you don't know what you're doing then anything in the medical field would be a bad idea. Now you mention home improvement. People are always looking for someone whom can fix their property good. That would be a good field for you if you are the handyman type. Auto repair you can practically get people beating down your door to fix their cars. If you charge descent rates you will get a lot of customers. Mold removal? Most people do that themselves. Think about your decisions carefully. However you might want to rephrase your questions because this one made you sound predatorial. Thats not a good thing. Although I don't think you meant for it to come out that way. You are looking into some good options. Keep those wheels turning you will hit on a good business idea future entrepreneur.

Answer 3

Yes, actually. About 5 years ago my house burned down to the ground. Within 3 days I had been contacted by a couple of companies that offered to inventory my belongings for proper sumbmission to the insurance company. I had already done that and came up with a number of around $50k. I allowed them to do it and that number "magically" doubled. They were familiar with what insurance companies would pay for things. They ended up settling for around $95k. Thier end was 10%. They worked on my case for a total of 3 days.

Answer 4

You're doing it backwards. Get skills and experience first, then see how your talents can be applied.

If you go after it from the angle you're proposing, you'll never be good at it and customers will take you to court.

Plus, haven't you seen the news, where insurance companies will do whatever they can to get out of paying a claim? Scraps is right - you don't have the business sense to own your own.

Answer 5

"take advantage of insurance claims" What the heck is that suppose to mean?

I guess you don't have an insurance background and never heard of the term getting back to whole.

My suggestion - look elsewhere.

Answer 6

prostitution