Insurance for Your Cleaning Business: What You Need to Know
Are you a talented entrepreneur who’s hoping to make a name for themselves in the cleaning industry? Although you must be eager to open for business, being meticulous throughout the set-up stage is the best way to avoid common pitfalls further down the line. One important facet of owning a cleaning service business is the matter of obtaining proper insurance coverage.
Read on to learn about the different types and benefits of insurance coverage. If you work through this crucial initial stage of your business growth diligently and carefully, you’ll see your business thrive in no time.
Do you have to be insured to clean houses?
Although there are many cleaners who work solo without any insurance, there are a couple of major advantages of carrying insurance coverage. Here’s why purchasing a solid policy should be your main concern:
- It minimizes risks: If your business is a sole proprietorship, as many first businesses are, you’ll be solely responsible for all issues that may arise. Let’s say one of your cleaners gets hurt on the job and they sue you for damages. If you don’t have insurance coverage, you’ll need to pay them yourself.
- It attracts clients: Most clients value safety above all else and they only look for insured and bonded cleaners. Having insurance coverage will make you more trustworthy in their eyes and keep your phone ringing.
What type of insurance do I need for a cleaning business?
You know that reputable cleaning companies need insurance, but what kind? There are the four types of insurance policies that cleaning businesses typically get:
- General liability insurance protects you in case of an injury or damage to the client’s property. For example, if the client gets hurt by slipping on the freshly cleaned floor or some of the client’s belongings are damaged in the cleaning process, this policy should have you covered.
- Property insurance protects your office space and cleaning equipment from damage or loss. For example, it will come in handy if your cleaning supplies are stolen or your office space is damaged in a fire.
- Bonding insurance: Janitorial bond gives your client an added layer of security. This is a huge asset to have because clients will feel more comfortable hiring you. In case the cleaner steals something or damages their property, they know that the insurance company will cover it.
- Workers’ compensation: Employees are the crux of every successful business so make sure they are well taken care of. A cleaners’ job includes a lot of physically demanding tasks and they may get hurt while performing them. If this happens, this insurance will pay for their medical expenses.
Discuss your needs with your insurance policy expert and make the right choice for your company.
How do I maximize the benefits of owning a cleaning service business?
If you go into the cleaning industry with the guidance of the MaidThis Franchise, you will have a ready-made set of best practices and useful resources at your disposal.
You’ll receive a practical 5-day training to help you set up your business and delve deeper into many important aspects of your future business operations. For example, you’ll learn how to conduct the employee selection process, how to instruct your staff, and ways to react to your clients’ complaints timely and properly.
Our franchisees already successfully implement these techniques and strategies around the world. Become a part of the growing family of go-getting cleaning company owners and be the head of a remote-run, high-profit business. Join the ranks of the leading cleaning industry pundits!