Cleaning companies have unique operations and risk exposure that require careful consideration when a company is making insurance coverage elections. A comprehensive package policy needs to incorporate several different elements.
Addressing Risk Exposure
Coverages for cleaning companies need to encompass many different forms of risk exposure that cleaning companies take on in their day-to-day operations. When companies go onto another individual’s or business’ premises to work, it’s possible that they could damage property there. In addition, they may even face claims for damage that they weren’t actually responsible for creating.
Business Property and Automobile Insurance
A commercial package policy for a cleaning company will need to include coverage for personal property used in cleanings, such as equipment and supplies. In addition, it will need to include a policy for the vehicle that it uses to travel to different locations.
A cleaning company may be required by law to carry workers’ compensation protection. This will help provide for an individual’s medical expenses if he or she is hurt on the job.
Cleaning companies should work with an insurer that has extensive experience serving clients in their industry. They can offer practical insight as to what types of policies will be required to build a complete package and guidance about selecting appropriate coverage levels.