Insurance for Residential Cleaning Companies

Insurance for Residential Cleaning Companies

Residential Cleaning Companies tend to have a difficult time with obtaining Insurance. The Insurance Carriers tend to prefer the Commercial Cleaning Companies, which can make it tough to find affordable coverages. There are things you can do to make it easier, and we will help by going over important coverages and how to get them.

Insurance for Residential Cleaning Companies – General Liability

General Liability is a common policy that nearly every type of business should carry. There are several carriers that do offer General Liability for Residential Cleaning Companies, and they are fairly affordable. When searching for a General Liability policy, make sure you fully explain your business operations to your Broker. For one, you may be able to get discounts by explaining safety procedures or prior experience. Alternatively you can avoid issues with your General Liability
carrier by properly explaining operations, as some carriers do not allow certain operations and may issue a Notice of Cancellation or Notice of Non-Renewal if they become aware of operations that are unacceptable. Lastly, try to avoid lapses in coverage. Many carriers offer discounts or have eligibility requirements that are specific to the length an Insured has been covered without lapses. You can avoid lapses by setting up your policy on automatic payments or by paying the policy in full at the beginning of the year.

Insurance for Residential Cleaning Companies – Janitorial Services Bond

Many Residential Cleaning Companies carry a $25,000 Janitorial Services Bond. This Bond is optional, but may be required for some of the jobs you perform. Generally speaking, it is a good idea to carry this bond in case of an applicable loss. These bonds are very affordable, especially if you have good credit. For those with poor credit, these bonds can cost quite a bit more. However, you can often get a co-signer to help bring the price down to an affordable rate.

Insurance for Residential Cleaning Companies – Workers Comp

When it comes to Residential Cleaning Companies, Workers Comp tends to be the toughest coverage to obtain. Not only is it difficult to obtain, but the rates tend to be very high. There are steps you can take in reducing your Workers Comp premium. Like with the General Liability, maintaining continuous coverage without lapses is an important part of getting approved with Workers Comp carriers that have better rates. Setting up a formal safety program can also help, as the Workers Comp carriers often give discounts to those companies that take safety seriously.

There are a lot of additional steps you can take to lower your policies’ premiums. If you would like to learn more, give us a call, we’d love to help!

You can reach us at 925-297-4829.

All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.