Health and sanitation are merely a good habit, unless you make your business out of it. In that case, it is the responsibility of any cleaning business owner has to take care of. Cleaning comes with its own risks, just like any other business. There are employees involved, as well as the property and content of the client. It comes under your accountability if any property is damaged, or content is harmed while the cleaning process. In short, you pay the bill and cost of repairing or/and replacement.
However, it is not just the property that is posed to threat of damage, employees can be harmed (physically such as body injury during cleaning glasses), extensively used automobiles are at threat of breakdown, and there is a risk of theft (by your own employees, your customer, and outsider).
While, the chances of such an unintentional harm cannot be eliminated completely, the consequences that follow can be minimized through cleaning insurance.
Cleaning insurance coverage gives provides sufficient risk management for your business to run in any of the mentioned situation in the preceding paragraphs. It covers your finances and compensations during any such event of theft, damage, or/and injury. However, what is important is for you to define your required coverage by defining your profession.
There are different cleaning businesses that deal with different assets, materials, and content. It is essential to know what your business deals with, in what ways, and how does it affect the security of your business finances.
What is it that your occupation covers?
- Residential cleaning – Households
- Commercial cleaning – Offices, building, real estate, and realtors
- Vehicles and transportation – Car, RV, and private jet services
Residential cleaning deals with general home cleaning, which includes expensive house content like carpets, hardwood, tiles, window glasses, etc. Residential cleaning services also include cleaning pools, drains, dryer vents, etc.
In case as such, the cleaning bleach may spill all over the carpet, the window glass may break; the cleaner might be injured with a broken piece of glass, etc. As an owner, you will accountable for all these happenstances. Some angry customers will be throwing their bills at you, while the injured employee will be wailing in pain.
Here, your reputation and finances, both are at risk. Buying insurance will help you get away with problems as such with much more ease.
On the other hand, offices and real estate buildings include expensive and essential equipments. If your employee and essentiality were harmed, would you be ready financially? Yes, if you had insurance.
What all insurances will you require?
Depending on which kind of cleaning services you provide, you will require,
- Window cleaning insurance
- Residential janitorial supply store insurance
- Commercial janitorial supply store insurance
- Carpet cleaning/upholstery
- Janitorial insurance
Essential insurance coverage
- General liability insurance
- Worker’s compensation insurance
- Commercial auto insurance
Janitorial insurance includes,
- General Business Liability Coverage
- Property Coverage
- Inland Marine Coverage
- Workers Compensation Insurance
- Surety Bonds
- Commercial Auto (truck, van, car)
- Umbrella Policy
Having the coverage is very essential lest you lose all the finances. Be careful about what falls under the “liability” of business liability coverage, “property” of property coverage, and so on. Pay attention on all exclusions and compare tens of quotes before settling on one.
Begin with understanding all trivial and big risks that seem probable. While, it is advisable to know your business risks, hiring an expert is even more so. A professional advisor and insurance broker can help you get the right coverage. All you have to do is find the right broker.