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516: Building an Offline Agency to Multi 6-Figures
The Side Hustle Show
What Kind of Taxes Do I Have to Pay?
Liability is probably our biggest expense, next to cost of labor. There's a clause called the nanny clause for insurance, and it protects against any wrongful acts by the nanny in the family's home. And then we also offer non owned auto coverage,. if the nanny is using her car to drive the kids around and there's an accident. So yes, it becomes more expensive every year but we can also afford it because we're bringing in that much more money. We have that much more risk, which is why it's that much more expensive.
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