Living in a litigious society means you need insurance that can keep up. The business you worked so hard to build is valuable; don’t risk its future without an extra layer of protection.
For incidents big or small, it’s essential to have insurance coverage. However, selecting the best cleaning insurance for your business is easier said than done! A simple online search for cleaning business insurance could yield hundreds of results with endless types of coverage. So how do you know what kind of policy to choose?
This article is here to help. Below, learn important coverage types to look for when shopping for cleaning business insurance.
General Liability Coverage
General liability insurance is a base coverage found in most cleaning business insurance policies. This should be one of the top things to look for when shopping for insurance. This coverage responds to bodily injury and property damage claims you become legally obligated to pay due to your business services. You may think, “I’ll never deal with bodily injury or property damage claims. My business is fine!” Yet accidents happen all the time. Even the most well-run business can face damage, injuries, and more.
For example, let’s say you’re a window cleaner handling a job on your own. You’ve done it before and, typically, there aren’t any issues. You finished your last set of windows and started packing up. Since the rest of your supplies are in your client’s house, you head back in. Unfortunately, your bulky window cleaning equipment knocks over an expensive piece of your client’s home decor. On top of disappointment and frustration, your client demands to know how you will make this right.
Every situation is different. However, with the right coverage, you may not have to worry about dealing with the massive financial strain on your own. With cleaning business insurance in place, you have financial security to fall back on.
Inland Marine Coverage
While it may be a strange name, inland marine coverage is just protection for your moveable equipment. When you’re looking for cleaning business insurance, be sure to find coverage that offers this (whether included in the basic policy or available as an add-on). Inland marine covers items that are being transported over land (which includes by car or van). However, this coverage doesn’t apply for items inside your building or office, or for items being transported over water.
Why is inland marine coverage so beneficial? Here’s an example. Imagine you’re tackling several appointments in one day. Each appointment requires you to haul equipment to and from your vehicle into the home or business. Once you finish the job, you must carefully secure the items before driving to your next destination. Yet, one latch comes loose during the drive. Your equipment falls off your vehicle and is damaged beyond repair. Whether you spent hundreds or thousands of dollars on the equipment, it’s still an investment. Plus, it’s critical for your job. If you have inland marine coverage, this damaged equipment is likely covered. You’ll get financial assistance to replace the equipment to continue business as usual.
In standard policies, most insurers offer inland marine as an additional, not essential, layer of protection. At Canopy, you can choose the amount of coverage you need for your equipment because we don’t believe one size fits all. We offer limits ranging from $1,000 to $5,000. You can include inland marine coverage to a cleaning business insurance policy from Canopy starting at $40.
Medical Expense Coverage
Injuries and accidents can happen when you least expect them, and their related expenses — from ambulance fees to hospital bills — can put a severe dent in your wallet. Having peace of mind that your business is covered in the event of a medical expense can bring lasting peace of mind that’s well worth the monthly premium.
Let’s say your client’s daughter is running around while you clean the house. While you exercise caution in keeping your cleaning tools close at hand, you left your bucket in the other room after mopping the floor. Before the floor has even dried, you hear a loud crash. The little girl tripped over your bucket and fell to the ground.
Thankfully, a quick trip to an urgent care center shows her injuries are minor. However, that doesn’t mean the medical bill will be. With medical expense coverage in your cleaning business insurance policy, you can do the right thing and offer to pay. Canopy offers a $5,000 limit for those cases. This type of coverage reimburses medical expenses caused while operating.
That’s A Wrap
The best cleaning business insurance option for you may be closer than you think. At Insurance Canopy, we strive to offer coverage that fits your business needs and budget. Coverage with us starts at just $35/month.
With our convenient online platform, fast response times, and team of licensed agents eager to help, we hope you’ll consider us!