Cleaning Business Insurance
What sort of insurance is required for a cleaning business? If you are offering cleaning services for hire it's important to protect yourself and your clients with appropriate insurance coverage. Too many businesses just hope for the best or assure themselves that they are exempt from harm. They convince themselves they could never get into the sort of trouble that would require insurance as a protection.
That might be an appropriate plan for Superman or Catwoman. But unless you're one of the masked wonders, you may want to ask yourself “what if?”
Imagine, if you will, the following incidents, which may ignite some reasonable concerns for you:
- Lost keys
- Chemical Spills
- Accidental Fire
- Property damage
- Theft accusations – true or false
- Broken items or equipment
Now do you see why it might be a good idea to get insurance for your cleaning service?
Basic insurance usually includes liability, commercial vehicle coverage, workers compensation and equipment breakdown. Check to see if you can get all of these services packaged together.
The following issues should be covered by the insurance plan you choose:
Business income interruption coverage. What if you lost your biggest account due to a sudden natural disaster such as a tornado and your income dropped 20 – 50%? You need to be covered for such an occurrence.
Office equipment coverage. This would cover computers, printers, fax, etc...
Theft of customer coverage. One would rather think not, but it's possible that an employee may steal something or be responsible when items go missing during their watch. It may not even be their fault, but still you need to cover this aspect of your business.
Property damage. This will cover any harm to property occurring during the timeframe that you or your crew are on the premise. It could include impairment to carpet, walls, hardwood floors, furniture, machines, devices, curtains, doors, windows, etc. In any home or office, many things can be “bumped” into!
Rental property under your care. If you are cleaning rental properties, make sure they are specifically covered – do not simply assume they are.
Lost key coverage. You lose the key. Then what? All the locks will have to be changed, which can be very expensive.
Workman's compensation. Find out what service is available for employee benefits or coverage for lost work, injury or long term absence.
The first place to check for cleaning business coverage is with your existing homeowners insurance company. Check to see if they offer small business coverage that will work for your cleaning service business.
Be sure to do some comparison shopping and get the best available coverage. It is not always best to aim only for the best price. The best price is often a result of the worst coverage. Do a search online for your finalist list to find out how customers feel about the service. Search each cleaning service for opinions by the users of these insurance plans. The ability to comparison-shop has been greatly improved since the internet.
One bad-luck incident could signal the end of your cleaning business, so make certain your coverage is rock solid. Review your policy every year. Scour it for any suspect or “weasely” changes to the terms that you initially agreed to. Be vigilant. You don't want to be left without the proper coverage.
Treat your insurance agent as you would your favorite kin, with kindness and generosity. Establish a good relationship. These dear souls have a rough job and they can be crucial to your business! Cleaning business insurance is an important aspect of your cleaning service, so choose your plan with the proper attention and you'll rest easy.
Learn more about cleaning business insurance and other business concerns on our blog.