Insurance for Janitorial Supplies Stores
Janitorial supplies stores generally sell products to other companies, such as a maid service or office cleaning company. Some stores sell their janitorial supplies directly to companies who have an in-house cleaning staff while others may sell some product directly to consumers. As the owner of a janitorial supplies store you have many details to keep track of. One very important area that should never be neglected is your business insurance coverage.
General liability insurance protects your janitorial supplies store and your customers simultaneously. It is a broad level of protection that grows with your company. When you add new store locations they are automatically covered by your existing business insurance policy. General liability focuses on protecting you from unexpected events, accidents and everyday risks or hazards.
General Liability Insurance Includes:
- Premises Liability – If a customer visits your janitorial supplies store and has an accident that causes physical injuries, they will require hospital or medical care. Your premises liability insurance pays those medical bills so that your company does not have to. Likewise, if a customer’s personal property is damaged or destroyed while on your business premises, this section of your general liability policy pays for the cost of repairs.
- Products Liability – When you sell products to your customers, there is always the risk that the products are faulty in some way. When faulty or defective products cause physical harm to your customers, or when they damage your customer’s personal property, your products liability coverage can pay for the medical bills and damages. This part of your general liability policy also provides for your legal defense fees when necessary.
- Completed Operations – The completed operations portion of your general liability business insurance protects you after your services have been rendered. If you contract specific services or tasks with a customer and they later find they have been harmed in some way from those services, your completed operations coverage can pay the damages.
Business Owners Policy
A business owners policy, or BOP, protects the physical and intangible assets of your janitorial supplies store. This business insurance includes all of the general liability coverage previously discussed, and can have additional coverages added based on your needs. Examples include:
- Buildings and Contents
- Business Income and Extra Expense
- Electronic Data
- Newly Acquired or Constructed Buildings
- Employee Dishonesty Coverage
Whether you drive for business occasionally or you make daily janitorial supply deliveries, business auto insurance protects you from the financial losses caused by auto accidents. Depending on the options you choose, this insurance can protect you from cargo damages and losses, theft, fire, and natural hazards such as hail storms. It also pays for injuries to people and damages to property.
Workers comp insurance provides protection for your employees. If they are injured in a work related incident, this coverage will pay the necessary medical and recovery bills so that they don’t have to.
Umbrella coverage is an additional level of protection. If you reach the limits of coverage on your regular business insurance policies, an umbrella policy can provide for the additional needs.