Carpet cleaners are one of the most common professions in the world today. These professionals offer a wide range of services for both residential and commercial clients. The high demand for carpet cleaning services has given rise to many companies that provide this service.
However, more than having a good business idea and offering efficient carpet cleaning services are required. You also need to consider how your business will be affected by any damage or loss that may occur. This is why it is highly recommended that you purchase insurance for your carpet cleaning company.
What Are the Different Types of Carpet Cleaner Insurance?
There are many different types of carpet cleaner insurance available. The type you choose depends on what kind of coverage you need and how much you want to spend.
Here are the most common types of carpet cleaner insurance:
- General Liability Insurance: This type of coverage protects you against personal injury and property damage claims arising from your work. It also covers medical expenses for injured clients, as well as legal fees that may be associated with the claim.
- Commercial Auto Insurance: This type of insurance protects you if you’re involved in an accident while doing business-related work, even if it’s not related to carpet cleaning.
- Workers’ Compensation Insurance: This type of coverage protects you in case one of your employees is injured on the job and files a claim against you for damages (such as lost wages). It also covers injuries that occur during training sessions or other company events.
- Umbrella Insurance: This type of coverage extends the limits of your existing policies (such as commercial auto insurance) to protect you in case of a large claim. It also covers legal fees if an injured client or employee sues you.
- Janitorial Bonds: A janitorial bond is a type of insurance that protects you from any claim related to the work performed by your cleaning crew. It covers incidents such as property damage, theft or equipment loss, and bodily injury caused by an employee’s mistake.
- Business Owner’s Policy (BOP): This policy combines all coverage mentioned above into one package at a discounted rate. It is the most common type of business insurance, and lenders often require it. The BOP covers different areas of your business against a variety of risks, including loss from fire, theft, flood, and more. It also provides liability coverage for any claims against you by an injured party.
How Much Is Carpet Cleaning Insurance?
The cost of business insurance varies based on factors such as:
- The value of your business
- The type of coverage you opt for
- How many claims you’ve filed in the past
- The size of your business
- The level of risk involved in the type of carpet cleaning that you do
- How long you’ve been in business
A high-end business policy will likely cost more than an entry-level one. Many types of coverage are available, so be sure to explore all your options before making a decision.
Conclusion
Carpet cleaning is a very profitable business but comes with many risks. Even if you have the best equipment and trained professionals in your team, things can still go wrong. This is why you must purchase insurance for your carpet cleaning company as soon as possible.
Get your carpet cleaning insurance at Pascal Burke Insurance Brokerage Inc. We offer a wide range of insurance products and services to protect your business. Contact us today to get a quote!