As a janitor, you’re no stranger to business risk. You put up warning signs when floors are wet. You teach your employees to lift heavy objects carefully to avoid back injuries. You do what you can to avoid accidents, property damage, and small business lawsuits.
Janitorial insurance offers you financial protection when managing your risks just isn’t enough to stave off losses that could bankrupt your business. But how much does this protection cost?
Cleaning business insurance (aka janitorial services insurance) includes general liability, commercial vehicle insurance, workers’ compensation, and more. Janitorial insurance coverage costs range from $375 – $5,000+ per year. Every cleaning business, from residential maid services to full-service commercial janitorial companies will need cleaning business insurance.
Cleaning business insurance coverage and costs are unique to every business and will depend upon several factors. To get an idea of the coverage your business needs and how much that coverage will cost you, we recommend speaking with a pro. If you’d like to get a free, no-obligation quote, Next Insurance can help.
Types of Cleaning Business Insurance Coverages
Cleaning businesses come in many different shapes and sizes, and so does cleaning business insurance coverage. The most fundamental insurance coverage you’ll need is general liability insurance. Depending on the size and scope of your cleaning business, there are other insurance coverage types you may need, especially if your business has employees and owns vehicles.
General Liability Insurance
General liability insurance coverage protects against third-party claims for bodily injury or damage to property. Therefore, a GL policy will cover your cleaning business for damage to a client’s property while doing your work. Since a liability lawsuit may be your greatest financial risk, general liability is the most important coverage type for most cleaning businesses.
Business Owners Policy
A business owners policy (BOP) can be a smart way to combine insurance for cleaning business or janitorial insurance coverage’s into one bundled package. A BOP usually combines general liability and property insurance and this two-policy bundle is almost always lower in premium compared to buying the two coverage types separately. When possible, get the BOP package.
Commercial Vehicle Insurance
If your cleaning business owns a car, truck, van, or combination of vehicles, and one of your vehicles is involved in an accident, commercial vehicle insurance will cover you for repairs and lawsuits and can cover you for damage caused by an uninsured driver. Coverage is similar to personal auto policies, although premiums may be higher.
Cleaning professionals understand that training, experience, and top-tier customer service aren’t enough to safeguard a business from financial ruin. Given the prevalence of lawsuits, natural disasters, and job site accidents, a comprehensive business insurance plan is a welcomed safety net should the unexpected happen. That’s why maid, janitorial, and cleaning services rely on their business insurance coverage to fund legal costs, quickly replace damaged equipment, and help pay for medical expenses. These financial setbacks could close a business’s doors for good without adequate protection.