THREE Insurance Must Haves for Cleaning Firms

OMAHA, NE -- Insurance for cleaning businesses protects from unexpected expenses due to property damage, lawsuits, employee injuries, and the Berkshire Hathaway Insurance Group is offering a streamlined product directly to small businesses, including cleaning and janitorial service providers.

Through a comprehensive policy from Berkshire Hathaway’s THREE, insurance can provide critical financial protection for small cleaning businesses. THREE Business Insurance promises the following: One policy, comprehensive coverage, and a fair price.

“At THREE, we work with cleaning business owners at all experience levels. First-time owners look to us for guidance on the insurance needed for a cleaning business,” the company said. “They want to be sure they understand the costs and benefits of a THREE policy. They also want to know how to file a claim if necessary.”

Do I need insurance to start a cleaning business? The short answer is, yes. You should have insurance for your janitorial business before you begin your first assignment.

Your team might complete the job without any problems. Hopefully, that’s the case. But if you don't have insurance and someone damages a customer’s property, the repair or replacement cost will come out of your revenues or savings.

Imagine that the item damaged is a large, expensive, wall-mounted video monitor costing $20,000. That’s a tough check to write, especially if you’re just getting started with your cleaning business and don’t have much money saved. And that’s just one of many potential risks.

The scary thing for business owners is that one large, unexpected expense can drive a company out of business if it’s not covered by insurance. While starting a business is without a doubt stressful and full of seemingly endless tasks, securing business insurance will be worth both the time and money.

Cleaning business insurance requirements include the following:

• Legal requirements, for example, most states mandate that companies with employees have Workers’ Compensation to pay for medical care, lost wages during recovery, and other costs if an employee gets hurt at work.

• You might also be required by law to carry Commercial Auto insurance if your business owns or leases vehicles. This coverage protects your company if you’re in a vehicle accident and sued by the other party. It also pays for repairs to your vehicle.

• Other types of coverage may not be legally required, but they're important to have if you want to avoid large, unpredictable expenses. In addition, many clients will require that your business carry insurance.

In addition to Workers’ Compensation and Commercial Auto insurance, an all-in-one policy from THREE has other types of coverage businesses may need, including:

• General Liability insurance can pay costs related to lawsuits filed against your company. Let’s say someone delivering supplies to your office slips and falls, suffers an injury, and sues your business. Your policy can cover you.

• Employee Theft coverage can protect your business if a client alleges your employee has stolen from them.

• Cyber Insurance can pay specified costs if a hacker gets access to your computer network, steals sensitive client information, and uses it to commit fraud. This includes notifying clients of the data breach, providing a helpline for them to call, and other expenses.

• Property Insurance can cover repairing or replacing business assets, like if a severe storm damages your building and destroys expensive cleaning equipment stored there.

So, when you’re looking into what insurance is needed for a cleaning business, be sure to consider “requirements,” as well as how much financial risk you’re comfortable with.

Every cleaning business owner should consider insurance. More experienced cleaning business owners also rely on THREE. We can make changes to accommodate their growing companies, like increasing their coverage limits.

How to get insurance for a cleaning business.
Many aspects of running a successful cleaning business are complicated, but we make sure getting insurance isn’t one of them! We streamline the process in a couple of ways.

Prioritizing safety is essential.
The easiest incident to deal with is the one that never happens! If your cleaning company has well-defined procedures, provides in-depth and refresher employee training, and cultivates a safety culture, you’re less likely to encounter mistakes that lead to property damage or injuries.

For more, go to  www.threeinsurance.com.