Are you taking on costs based on an insurance company’s estimated price? You may want to double-check the job costs and markup to make sure that you aren’t incurring losses. Clients will often come to you with a price determined by an insurance company. This price is often lower than the cost a project will actually take.
Markup & Profit writer Michael Stone answers questions from coaching clients regarding insurance repair projects. He recommends that you ask for adjuster’s estimate, then do you own estimate, and compare it with that of the insurance company. This, Stone writes, is one of the best ways to get an accurate scope of the work and price.