If you own or operate a cleaning business, you’re used to picking up after others. Whether you work in the commercial space offering janitorial services for a corporate office, or in consumer services as a window or carpet cleaner, your business is essential in keeping things moving, workplaces open, and maintaining proper health and safety.
Owning a cleaning business comes with its own unique set of risks. These risks could include anything from stolen or damaged equipment to a customer slipping on a wet floor and injuring themselves before holding your business accountable. The right insurance for your cleaning business will help ensure business continuity, a good reputation, and long-term growth. Whether you are reviewing your business plan or just starting out as a new company, here are some of the coverages you should consider investing in:
Commercial general liability
Liability refers to those situations where your business is responsible for damages suffered by a third party. Commercial general liability (CGL) is designed to respond to situations where your business is found to be legally liable for bodily injury or property damage to a third party. For example, if a person slips and falls on the floor after you finish mopping it, this coverage can help mitigate the loss incurred should a lawsuit ensue.
Commercial property insurance covers your physical property in the event of loss or damage that results from an insured peril. Not only can this coverage protect the building you operate in should you own it, but it can also protect your equipment, inventory, furniture, and the technology you use. For example, if your commercial space is damaged due to vandalism, this coverage will help get the necessary repairs done quickly while keeping costs down. It can be a useful safety net when unexpected losses result from a fire, storm, or theft.
If you’re forced to close your business because of an insured loss, your net income would most certainly be affected while repairs are taking place.
For most small cleaning businesses, an extended loss of net income can be devastating. Business interruption insurance can help protect your loss of net income, allowing you to continue paying normal operating expenses such as payroll and rent. It could help you get back on your feet sooner without taking a huge dip in long-term profits.
Do you regularly use a vehicle to drive to a client’s home or business? A personal auto insurance policy is designed for vehicles used exclusively for personal use. If your vehicle is being used for business purposes, you require a commercial auto insurance policy.
Invest in coverage that will tackle the tough messes
Your job involves cleaning up tough messes, and your insurance should help do the same for your business. At TruShield, we’ll work with you to design a policy that recognizes the risks your cleaning business faces with a flexible payment plan. On top of that, we offer services to help you make informed decisions and stay competitive in your industry, such as access to our team of Risk Services specialists. Browse our cleaning business insurance page today, or request a quote!
This blog is provided for information only and is not a substitute for professional advice. We make no representations or warranties regarding the accuracy or completeness of the information and will not be responsible for any loss arising out of reliance on the information.
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