Insurance Programs for Janitorial Services
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Janitorial services, like many other contractors, are needed in every single industry. Since the demand for your line of work is so high, choosing the right Janitor Insurance Policy is crucial to the success of your services.
The risk for injury in this line of work can be more extreme than others. There are everyday accidents that happen and may result in claims being filed against you. Without the right janitor insurance policy, you run the risk of being financially responsible to pay for damage or injuries.
General Liability for Janitors
The first, and most generic policy needed for any business is general liability insurance. General Liability will cover things like injuries, property damage, libel, slander, and lawsuits coming from people that do not work for your company. All businesses in the US must have some sort of general liability policy, making this a necessity for your janitorial business.
Workers Compensation for Janitors
Like general liability, workers compensation is a policy that is generally required by most states in the US. The workers compensation portion of your janitorial policy will protect your business and its employees if someone is injured on the job. Workers compensation will help pay for medical expenses, as well as partial wages lost due to not being able to work. This will also provide protection to the business if an employee takes legal action over an injury.
Commercial Auto Insurance for Janitors
As the owner of a large janitorial service, transporting equipment to and from location may be necessary for you. If your business falls under that category, having a commercial auto insurance policy is very important.
A commercial auto policy will protect your vehicle (and equipment too!) from several things. Most importantly, it will cover you if you are in an accident while driving a company vehicle. This includes coverage if injuries are caused to another person. It will also cover your vehicle and equipment if there is any weather damage, or theft.
Business Owner’s Policy for Janitors
A business owner's policy is a more exclusive form of general liability. In a business owners policy, otherwise known as a BOP, the policy covers both liability and property losses. In a general liability policy, only the liability portion is covered. Depending on the specialized work that your janitorial service is providing, this may be a smarter option to purchase.
Commercial Umbrella for Janitors
Having a commercial umbrella policy for your janitorial business is something to strongly consider. You may have heard of the insurance term “bundle”. A commercial umbrella policy can bundle and boost your limits on your general liability, commercial auto, and employee liability policies. This policy is especially helpful when it comes to potential customer injury lawsuits, lawsuits from an employee injury, or legal bills from an auto accident that may occur.
If you are unsure whether your company will benefit from a commercial umbrella policy, reach out to one of our agents today!
Bonds for Janitorial Services
The term “bond” can be used within many financial aspects. For cleaning services like janitors, janitorial bonds are another thing to consider. Some companies will require your business to have some type of surety bond in place.
The purpose of a janitorial bond is to provide coverage for client contracts, and different instances of employee theft. Unlike your standard insurance policies, if you have a bond in place, you are expected to pay the reimbursement back.
Since bonds are a little different than a standard commercial insurance policy, it is best to speak to a professional about your company’s specific practices before implementing a surety bond.
Price Factoring for Janitor Insurance
Just like other insurance policies, there is no “one size fits all” when it comes to janitorial insurance policies. There are different things that factor together your policy pricing.
The first thing taken into consideration is the value of equipment used to clean, and the property locations being cleaned. The more expensive the equipment is, or the larger the property size, the policy premium will start at a higher rate. If you are using one tool on a small piece of property, the premium will be lower.
Next, they will look at the number of vehicles being used in the company. A business with five or more vehicles will have a higher premium than a business with one to three vehicles. The reasoning behind this is, the more vehicles your company uses, the more chances there are for an employee to be involved in an accident. This makes your level for risk at a higher rate.
Another thing that underwriters evaluate is the number of employees your business has, along with the revenue made. As said above, a business with more employees and higher revenue will pay more for janitor insurance than a smaller business.
Depending on the type of coverage your janitorial business is after, there may be more things factoring your price. For the most accurate price description, reach out to one of our local agents today.
Payroll, HR, and Employee Benefits
At Alliance Insurance Group, we can also provide your janitorial company with payroll, human resources, and employee benefits, making us your one-stop shop! As a janitorial professional, your expertise falls under janitorial services. Let us take the stress of payroll, human resources, and employee benefits away from you.
Picking the right insurance coverage might seem overwhelming. At Alliance, we take the time to assess your company’s specific needs. After all, no two businesses operate the same. Then, we will take your janitorial needs and provide you with a customized insurance policy.
Feel free to give us a call at (303) 279-9700, or fill out the form below and one of our agents will reach out to you shortly.