The Most Importance Types of Coverage for Cleaning Services
Cleaning businesses have become a popular venture, with no shortage of clients seeking the services of a cleaning company. To succeed in the housekeeping business, you must set up your business the right way, offering great service, and protecting your investment in your profession with a customized business insurance program.
Whether you are a sole proprietor one person operation, have a small cleaning company with a few employees or run a franchise, obtaining proper cleaning service insurance for your cleaning business will provide you with the coverage and protection you need if an issue arises.
Business Risk
While having a general business insurance plan is a great start, due to the unique nature of cleaning services – working in homes and business – your risk exposure exceeds a typical business that operates out of one location.
Some of the risks your business is exposed to include:
- Damage to a client’s property
- Employee theft from a residence or business
- Car accidents while in transit to a client’s location
Cleaning service insurance offers custom coverages designed specifically for the professional cleaning industry.
The Necessities
Business Liability coverage protects your business against financial loss resulting from claims of damages, actual or alleged, to others caused by you or your employees for which you are legally obligated to pay. This includes but is not limited to coverage for customer’s property in your care, your workmanship, premises liability, and medical expenses.
Building and Business Property coverage provides for the repair or replacement of your building and equipment, stock, furniture or fixtures that you own.
The vehicle you use to commute to your clients’ homes and businesses calls for business automobile insurance. This policy provides more coverage than personal auto insurance coverage. Whether you and/or your employees use a personal vehicle for business or use a company car is a factor to consider.
Workers’ Compensation insurance serves the interests of both the employer and employee regarding work-related injury or illness. This policy provides two types of coverage:
- Workers’ Compensation insurance provides benefits for compensable employee injury or illness as required by state law, regardless of fault.
- Employers’ Liability coverage is additional protection for the employer should a lawsuit be brought by the employee’s party due to employee injury or illness.
Leave it to the Experts
Is your housekeeping business covered from risk, loss, and unforeseen circumstances? A lack of proper cleaning service insurance can turn an unfortunate situation into a disaster that you may not be able to recover from. Avoid the risk by investing in cleaning service insurance for your business.
The level of insurance you need and the amount of coverage required will depend on the nature of your business. If you are unsure or have questions about your insurance needs for your cleaning business, speak with an insurance professional who has expertise in such specialized coverage to ensure your business has adequate protection. Give us a call today to learn more about our Professional Cleaning Services program and what we can do for your business.
About Moody Insurance Worldwide
Moody Insurance Worldwide, a division of Moody & Associates that was founded in 1914, is a leading provider of risk management programs and insurance coverage to individuals and businesses across the East Coast. We write all sizes of businesses, with technical expertise in many key industry areas, and provide personal insurance programs for estates and high net worth individuals. Our licensed, experienced commercial account managers can work with you to determine the coverage that you need at a competitive rate. Contact us today at (855) 868-0170 to learn more about what we can do for you.