Читать книгу Start & Run a Home Cleaning Business - Susan Bewsey - Страница 11

Consult a professional regarding insurance for your business. A standard policy does not cover lawsuits, damages, or accidents that may result from your business. Call at least three insurance companies to discuss whether they handle the type of insurance necessary for your business. In particular, a home cleaning business must consider coverage for these areas:

(a) Vehicle insurance for business use and staff transport.

(b) Liability and bonding insurance to offset the costs of major damages. This insurance is important protection, and it also conveys to the public that your company offers financial protection to its clients. When a company buys bonding insurance, the insurance company will provide protection to the employer in the case of financial prosecution as a result of actions by its staff, financial protection to the employee if a claim is made against him or her, and also compensation to the injured party.

Annual premiums are generally based on the gross earnings of the company and there is a set rate. Insurance premiums are often due annually so be sure to include annual premiums in your budget.

(c) Dishonesty insurance, which traditionally accompanies liability and bonding insurance and is normally included in the liability and bonding insurance package.

(d) Workers’ compensation, which provides compensation for injury while on the job, and is required in many areas. Check with local employment authorities as to whether your business has to comply.

(e) Medical and dental insurance, which are attractive options to be able to offer employees. You can also elect to share the cost with employees and pay a portion of the insurance.

(f) A disability insurance plan, which is a prudent measure should you become unable to work or if an employee is unable to work.

Insurance is not just a legal requirement; it also brings peace of mind. When a disaster strikes or you are liable for damages, being properly insured gives you the confidence to keep things going. If you are confident, your clients and staff will also be confident. Insurance costs are also tax deductible, another good reason to indulge in peace of mind.