Hey r/smallbusiness, I work with an insurance startup that's trialing a new program to bring revenue to service-based small biz (e.g. laundromats/dry cleaning, dog grooming, ) by adding "service guarantee" insurance where an owner adds an extra $0.50-$1 per purchase to offer built-in product protection to a customer (e.g. if clothes are lost or ruined, then we handle the claim and payout up to $100-200).
We aim for an additional $30-40K/yr in rev for an average location (split between our insurance program and the business).
We're interested in chatting with owners who think this would fit with their model. You can DM me to chat. We're in early stages of this program with other groups who roll-up different business types (e.g. laundromat, pet care, moving, car wash), so we are still finalizing the right group to launch with on this.
We aim for an additional $30-40K/yr in rev for an average location (split between our insurance program and the business).
We're interested in chatting with owners who think this would fit with their model. You can DM me to chat. We're in early stages of this program with other groups who roll-up different business types (e.g. laundromat, pet care, moving, car wash), so we are still finalizing the right group to launch with on this.