Janitorial Insurance
It is a good idea to insure your cleaning business. Though it is not a must, it would give you peace of mind. Apart from that, there are companies and residents who would prefer to work with a clean organization that has a janitorial insurance.
Coverage for the risk involved
You should be well prepared and insured before you launch your cleaning business. First and foremost, you need to shop for a good insurance company that would provide you with packaged policy that would cover insurance policies like general liability, commercial auto protection, employees compensation and damage to equipments. The reason is janitorial business involves a lot of risks. Some of the coverage that
- The janitorial insurance package that you purchase should have coverage for the lost keys and lock. This falls under the category of lost key coverage. The insurance company should pay for the replacement of the keys and locks. Else they should reimburse for the purchase and installation of new locks.
- The policy should provide cover for the various properties under the care of your cleaning business. This includes the carpet cleaning, floor care and so on.
- You should also be covered for theft. This coverage includes the protection against theft due to negligence.
- Since the cleaning staff would be working with various chemicals, you should have a coverage known as limited pollution coverage. This actually provides protection against the accidents that occur on the site of work.
- Your business should have business insurance. The business insurance would provide coverage, if you lose your best client.
- Also make sure that your office equipments are also well insured. The equipment like computers and copiers should have enough coverage.
If you are running the business from the premises of your home, then you can always approach your insurance company to attach a rider to the homeowners insurance policy.
From whom to get the Policy
Remember that cheap premium does not mean the best insurance policy. You need to search for the company that would be willing to offer you a package that would suit your business needs. Before you finalize the company, you should look into the past history of the company. That is you should do business with a company that has a history of timely payment of claims. Also see to it that the company is financially stable and has no bad records.
Once you have finalized the company, meet the agent who has the knowledge of the janitorial business and the risk factors that is faced by the owners of this business. If the agent has a prior knowledge, then half your work is done. He would be able to guide you regarding the purchase of the janitorial insurance.
You should also purchase all your insurance policies through a single company. This will ensure a small discount on the premium rates. Not only that, each time you purchase a real estate or a new vehicle you should inform your insurance agent. He will do the necessary changes in your janitorial insurance package.
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