As a window cleaning business owner, it is expected that you go to sites to work, and in some cases, you will be required to climb buildings.
This can be very risky hence it is required that a window cleaning business purchase the required insurance policy cover for the business.
Once a window cleaning business is registered and ready for operations, the law requires that they get insurance. Signing the insurance documents and paying the required premiums automatically activates the insurance coverage.
So, once there are claims, the insurance company will be required to pay the claims after carrying out their investigation to be sure the claims are genuine.
Best Insurance Policy for a Window Cleaning Business
General Liability Insurance
General liability insurance offers liability coverage that helps protect a business from claims caused by bodily injuries or property damage to others within your business premises or your project site.
If you do not have general liability coverage in place as the owner of a window cleaning business, you will be required to pay from your pocket whenever there are bodily injuries or property damages as a result of carrying out your job.
Cost of General Liability Insurance for Window Cleaning Business
In the United States, window cleaning businesses pay an average premium of less than $125 per month, or $1,480 per year, for general liability insurance. This policy provides protection against third-party injuries, third-party property damage, and advertising injuries.
- Median cost per year: $1,480
- Policy limit: $1 million per occurrence
- Deductible: $500
Workers’ Compensation Insurance
In the United States of America, and in most countries of the world, it is illegal to have workers and not have workers’ compensation insurance policy to protect them.
Workers need to be protected from workplace accidents, disability, etc. Note that the only reason why you may not need workers’ compensation cover for your window cleaning business is if you are operating a one-man business – a sole proprietorship.
Part-time and full-time employees require your business to take out a workers’ compensation policy. This insurance cover will keep your employees and their families covered by medical fees and lost wages for work-related injuries and illnesses.
Cost for Workers’ Compensation Insurance for Window Cleaning Business
In the United States, the average premium of workers’ compensation insurance for window cleaning businesses is less than $180 per month, or $2,130 annually.
Commercial Auto Insurance
The fact that window cleaning businesses usually transport their men, materials, equipment, and tools with a utility truck makes it mandatory for them to subscribe to commercial auto insurance.
Commercial auto insurance protects the cars, trucks, and vans that you use for your window cleaning business. Commercial auto insurance can help pay for property damage and medical costs in an accident, along with weather damage, theft, and vandalism.
Cost of Commercial Auto Insurance for Window Cleaning Business
In the United States, with an average premium of about $150 per month, or $1,795 annually, commercial auto insurance can provide basic coverage for your vehicles.
- Median cost per year: $1,795
- Policy limit: $1 million
Contractor’s Tools and Equipment Insurance Coverage
If a window cleaning company doesn’t want to run out of business due to theft or damage to their tools and equipment, they will need the contractor’s tools and equipment insurance coverage.
Contractors’ equipment insurance is an insurance policy that covers specific equipment and tools owned or in possession of a contractor.
Contractor’s tools and equipment insurance provides protection for tools and equipment against dangers like fire, theft, vandalism, and flood, among others.
Note that the contractor’s tools and equipment insurance also covers the repair or replacement of lost, stolen, or damaged tools and equipment.
Cost for Contractor’s Tools and Equipment Insurance for Window Cleaning Business
Window cleaning businesses pay a median premium of about $15 per month, or $170 annually, for contractor’s tools and equipment coverage.
- Median cost per year: $170
- Policy limit: $5,000
Janitorial Surety Bonds
Surety bonds act as a contract between a business, a client, and an insurance company. Surety bonds guarantee the surety company will reimburse the client if the business fails to deliver contracted services.
The fact that your employees will likely have access to your clients’ homes (both private homes and offices) – often unsupervised means that anything can go wrong.
No matter the trust you have in your employees, some of them might want to pick or steal what does not belong to them. A janitorial bond is a type of surety bond that reimburses your clients for employee theft.
A janitorial bond gives your customers the assurance that if their property goes missing, the bond will cover the loss. It helps establish credibility and gives you an edge over companies that are not bonded.
Cost of Surety Bond for Window Cleaning Business
Cleaning businesses pay a median cost of only $8 per month for janitorial bonds.
Professional Liability Insurance
Professional liability insurance might not be one of the compulsory insurance policies covers for a window cleaning business, but trust me, you will need one if you own a window cleaning business.
Professional liability insurance policy protects window cleaning businesses against lawsuits against unsatisfactory, late, or incomplete work. It is also called errors and omissions insurance (E&O).
Cost of Professional Liability Insurance for Window Cleaning Business
In the United States of America, cleaning businesses and contractors pay an average of about $85 per month, or $1,000 per year, for professional liability insurance.
- Median cost per year: $1,000
- Policy limit: $1 million per occurrence.
Note that window cleaning business insurance costs depend on your policy limits, your business risks, your equipment value, and other factors.
Insurance Companies That Offer Policies Window Cleaning Business
- Acuity Insurance
- Allianz Life
- Allied Insurance
- American National Insurance Company
- Accident Fund Insurance Company of America
- American International Group (AIG)
- AmTrust Financial Services
- Gerber Life Insurance Company
- Globe Life And Accident Insurance Company
- GMAC Insurance
- Mutual of Omaha
- New York Life
- State Farm
- Pacific Life
- 21st Century Insurance
- Liberty Mutual
- Lincoln National Corporation
- Manhattan Life Insurance Company
- Nationwide Mutual Insurance Company
- New York Life Insurance Company
- MEGA Life and Health Insurance
- Zenith Insurance Group.