While there are a variety of coverages available to protect your cleaning business, here are five common coverages that you may want to consider: commercial general liability (CGL), commercial property insurance, mobile equipment insurance, business interruption insurance and commercial auto insurance. Here’s why these coverages are important to your business:
Commercial general liability
Commercial General Liability (CGL) is designed to respond to situations where your business is found to be legally liable for bodily injury or property damage suffered by a 3rd party (for example, a customer). CGL insurance is designed to protect you and your business from suffering financial hardship as a result of any ensuing lawsuit.
Commercial property insurance
Unexpected losses resulting from a fire, storm, vandalism or theft can happen when you least expect it. Having commercial property insurance in place can be a useful safety net to for things like your inventory, supplies, equipment, and even the building you operate out of, should the business own it.
Mobile equipment insurance
Have you ever forgotten cleaning equipment at a site? Whether your tools are stolen or damaged by an insured peril, mobile equipment insurance can help compensate for this loss.
Business interruption insurance
If your business is forced to close because of an insured loss, this will have an impact on your business income while repairs are being done. Business interruption insurance can help protect your loss of business income until you are back up and running again.
Commercial auto insurance
Do you regularly use a vehicle to drive to a client’s home or business? A personal auto insurance policy is designed for vehicles used exclusively for personal use. If your vehicle is being used for business purposes, you require a commercial auto insurance policy.