What Kind of Insurance Does a Private Cleaning Service Need?
Does a Private Cleaning Service Need
If you have a private cleaning service, you will need liability insurance to protect yourself from claims made by your customers. Most homeowner’s policies do not cover business activities, so you should look into a business owner’s policy (BOP). A BOP will cover your liability for damage or loss caused to other people’s property. If you’re an independent contractor, you’ll also need to have insurance for your employees..
General liability insurance is a necessity for any cleaning business. This coverage protects your company from lawsuits and claims for damage or injury to property. Although this is not required in all states, it is a good foundation for protection for your business. A general liability policy covers common accidents and damages, such as slips and falls, and it can be added to other policies. If your business has employees, this is a good option for your insurance, but you may need to consider purchasing additional insurance coverage for your employees.
An umbrella policy covers your vehicles and other property. It can cover bodily injury and replacement costs as a result of accidents or theft, as well as repairs and replacements. This type of insurance is best for smaller businesses, as it costs less than buying both policies separately. It can help keep your business running smoothly. If you need to protect the equipment and other assets in your vehicles, a business owner’s policy will protect them.
What Kind of Insurance Does a Private Cleaning Service Need?
If you need to pay for workers’ compensation, you may want to purchase workers’ compensation insurance. It’s essential if you hire employees to clean homes or businesses. The cost of this policy is $350 to $2,500 a year. It covers medical and other expenses related to accidents or illness, and it helps cover legal expenses. Moreover, a general liability policy is not the only type of insurance a cleaning business needs.
A general liability policy covers damages to property, and can cover lost wages and medical expenses in the event of an accident. Another type of insurance is employment practices liability insurance, which covers sexual harassment and other employment issues. It will cost a cleaning business about $30 to $70 per month. If you have employees, consider purchasing an owner’s policy to cover your property. It can be cheaper than hiring an employee.
If you employ employees, it’s essential to carry workers’ compensation insurance. It can protect you in case of an accident, and also covers medical expenses for your employees. Whether you hire employees or hire them yourself, you need insurance to cover these expenses. If you’re a sole proprietor, you may need to purchase this type of coverage. If you’re an independent contractor, you can opt for this type of coverage.