Running a janitorial or cleaning business often means working in tough conditions with harsh chemicals during unconventional hours on someone else’s property. This results in commercial risks ranging from unmet expectations of cleanliness to accidental property damage.
Whether you provide cleaning services to residences or commercial properties, you need to have proper insurance coverage that will keep you protected if any incidents occur while you’re on the job so you can work with peace of mind.
Tools and equipment insurance is a type of inland marin insurance that provides coverage if essential and expensive tools get destroyed or stolen. You can add this as a supplement to your insurance policy to typically cover heavy and rare equipment that can be difficult to replace and find.
Business interruption insurance, also known as Business Income insurance, is a form of time-element coverage. It replaces lost income a business would have made during a specific period had no loss occurred. Coverage, however, is triggered only if there is direct physical damage to covered property by a covered cause of loss. Operating expenses can also be covered if a business needs to change locations or make loan payments. However, it often does not protect closed businesses if a pandemic occurs.
Commercial general liability typically provides coverage in case an injury or damage takes place on a business' property or while a business is operating. For instance, a customer could slip on the floor of your property, or an employee working at someone's home can slip and cause damage.
Employment Practices Liability Insurance typically covers companies from claims by employees alleging such wrongful acts as discrimination, wrongful termination, sexual harassment, and other employment-related issues.
Your cleaning business may just be you working out of your car to service a few houses, or you may have a fleet of vehicles servicing an entire city. Whatever the case, having proper commercial insurance likely means having a variety of coverages in place to provide you with comprehensive protection. Those coverages may include worker’s compensation, general commercial liability, and equipment breakdown insurance.
If you run a larger operation, your clients will likely want to know that you are bonded in addition to having the right insurance. A janitorial bond is a type of surety bond suited to meet the needs of cleaning businesses and grants financial protection in the event of misconduct, theft, or fraud by one of your employees.
If you want to know which types of insurance or bonding your business needs or you’re just ready to get started purchasing coverage, complete the request a quote form today. You’ll get a free consultation to have all your questions answered and be connected to a qualified insurance carrier that can get you the best coverage at a price that fits your budget.
Something many businesses don't know is that commercial insurance carriers have preferences for which types of businesses they insure.
The problem for most business owners is that they don't know which carrier is the best fit for their business, leading to high premiums or declined applications for coverage .
The 321 LaunchPad is connected to the largest network of commercial insurers available anywhere. We match your business with a qualified insurer so you get the right coverage for a fair price.