Getting The Right Insurance For Your Cleaning Business
Often, insurance coverage is overlooked in a business. Its policy covers possible instances in the future where they may be lost items, damaged equipments or stolen things. Some coverage included in this policy are auto insurance for businesses that use vehicles, and insurance for workers compensation. They are often lumped together in just one policy but one has to clarify the actual coverage with his agent. A right insurance coverage will keep possible risks in the future at a minimal level.
However, there are specific risks that might not be included in this policy package of the industry where one is a part of. So for a more efficient cleaner business and a better delivery of service, the following are those that inherently need to be covered in this kind of business.
1)For keys. It is important to cover for the keys in the business since it deals with activities done after working hours. By having insurance for keys, when one employee loses any key, he does not have to pay for it, or replace it.
2)For property given to the cleaners care. This kind covers properties left in ones supervision. It includes leased properties or rented equipments rented such as vacuum cleaners.
3)For thievery. This type must not be confused with insurance against the theft of the cleaners own employee. Instead, it refers to the negligence of the cleaners employee which can give rise to occasions for theft to take place. For example, if the employee left a door unlocked allowing thieves to unlawfully enter the area, this coverage can be used.
4)Against pollution. This coverage is important for a cleaning company since accidental spillage or accidents involving volatile chemicals used in cleaning the work site may take place.
5)For business losses or downturns. This coverage will insure the company against any sudden business losses or unforeseen downturns. Example of this is when a business suddenly closes or when of the big clients of the cleaner suffers from bankruptcy which will surely affect the company harshly as well. If your company has this insurance, then it will be financially secure until it starts earning its normal income return back.
6)For non- cleaning materials. Coverage like this will refer to the insurance of the cleaners office equipment. This applies to companies which operate outside ones home.
As can be observed, the cleaning business is associated with some risks not typically included in a basic policy coverage. Since we are dealing with a service which is highly specialized such as this one, one small mistake can give enormous financial ruins to a small business. Therefore, risks may be a lot more in this kind of business. The best option would be to have a talk with an insurance expert so that one can make the necessary preparations.
by: Fritz Andre