Short multi-speaker conversation (YouTube video) describing a roofing company hit by government action for using uninsured subcontractors. Speakers report steep insurance costs (~$15,000 in one month), personal cash shortages ("$1,000 in my bank account"), and a revenue decline of more than 50% year-over-year; final advice: ensure subcontractors are insured.
This roofing company got nailed by the government.
I only have $1,000 in my bank account. And I was like, oh, man.
They got in trouble because they have uninsured subcontractors working on their jobs.
The past month, we paid around 15,000 just on insurance.
This led to them losing more than 50% of their revenue compared to last year.
If I don't can't pay, I'm not going to be in business anymore.
If you're going to have subcontractors, make sure they're insured.
