Running your own business isn’t an easy task. Not only do you have a number of bills and staff to pay every month, but you also need to ensure that you have the coverage your business requires in case of accidental damages and claims made against your business. But how can your start-up find the right insurance for you? In this article, we will be providing you with all the information that you need to know about cleaning contractors insurance before committing to any contracts.
Consider The Coverage You Are Looking For
Before committing to any form of insurance coverage, it is important to look at what you will need to be covered for. Whether it is coverage for your fleet of vehicles, or it is public liability insurance to help ensure you have the coverage needed in case of accidental damage to public property as this can help to replace anything that could be broken whilst on the job.
What Type Of Cleaning Will You Be Conducting?
When considering the coverage that you need from your insurance, it is key that you look into the type of cleaning that you will be conducting. Whether this is cleaning in office blocks or residential properties, you will need a specific style of insurance to ensure that you are fully covered should there be any accidental damages in threw long term. Whether this is 1 million or 5 million pounds worth of coverage, this will help your business in the long term when it comes covering the costs of damages to either public or private property.
Insurances That You Need
When you have considered the above two factors, it is then time to consider the type of insurance that you need in order to cover the costs. Though the amount of coverage needed is dependent on the size of your business and the number of jobs that you are conducting, this can have a profound effect on the business.
- Employers Liability Insurance – This style of insurance is needed to protect your business against any compensation claims that can be made by an employee. Whether this is an accident at work or an injury on the property, you will need this style of insurance in order to run a business with more than one employee. For every day that you do not have this style of insurance you can be fined £2,500 therefore, it is important to ensure that you have this to cover you.
- Public Liability Insurance – Public liability insurance is yet another insurance that you will need to help cover the costs of compensation payments or legal costs if a member of the public makes a claim or sues your business due to their an accident as a result of their company or their property being damaged by the company.
Both of these insurances are important to ensure that you have the right amount of coverage to suit not only the number of employees that you are hiring but also the number of clients you are providing a service to. Though this can seem like a time-consuming process, it is important to ensure that you have the right level of coverage to get you out of trouble.
An Air Of Professionalism
In addition to the style of insurances, it is important to ensure that your business has everything that it needs to provide a reliable service. With insurance paperwork as well as other relevant documents on hand to show to a client, this will show you to be a professional business and could potentially help you to sign new clients.
With this in mind, ensuring that your business has the correct amount of cover will help to ensure that your business can grow and will not be set back by any potential claims that could be made in the long term.