For any privately owned business, no matter the size, insurance is an essential element of long-term business planning. Office cleaning businesses are often held to an even higher standard than many others because of a perceived risk of theft and damage. When seeking insurance on your office cleaning business, be sure to consult with an insurance agent or broker who has special experience insuring for your industry. It usually pays off even if you never make a claim, and it’s easier than ever to find the agent you need.
Unless you already know a qualified insurance broker who has handled many companies in your industry, you should begin by checking with business organizations for cleaning services. Nearly all of these organizations will have websites and most provide some recommendations and other information for quality insurance agents in your area.
When considering the types of insurance policies to take out on your office cleaning business, a keen agent will be the most help. But it is almost a given that you will need to purchase professional liability insurance, sometimes called errors and omissions insurance. This type of coverage protects you from lawsuits from clients in the event of accident or injury. For example, if a member of your cleaning staff damages an expensive piece of office equipment due to negligence, this type of policy will cover your legal expenses if you are sued. It’s the same type of coverage that physicians have for medical malpractice. Unfortunately, professional liability is not generally included with basic business insurance policies and will probably have to be purchased separately. But a good insurance agent will be able to get you an affordable package deal with a reliable company.
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