Planning to operate a cleaning business? Cleaning has a great demand especially in places that people tend to rent than to own a house of their own. Why should one target renting people? It is due to the fact that real estate asks for a security bond that will ensure them of the tenant to stay and will not leave the rental property in the middle of the night. Another reason is that moving out tenant is required to leave the house the way they have seen it the first time.
Starting a business in bond cleaning is a sure hit especially if you have great knowledge with it. As cleaning requires adequate knowledge and information about the industry you are about to delve with, here are some of the tips t better improve your business planning.
Step # 1
Determine the type of cleaning service that you is about to deal with and want to operate as it will allow you to tailor the type of insurance and bonds needed for your prospect clientele. Knowing the type and range of cleaning specialization you are about to offer will determine the value of the property you will be responsible for cleaning, it will also help you determine the size of staff you will need in your starting up business and the kind and cost of insurance and bond you need to pick.
Step # 2
Know the risk percent of the business, base the amount of risk you are willing to take according to your prospect client, employees and contractors, with this you will be able to determine the amount of insurance coverage you will need to protect especially in cases such as your cleaning crew being left alone in the location at night or the place of the client that has valuable things hanging or lying on the floor. Either way analyzing these factors will guide to the type of risks that you might face in this kind of business.
Step # 3
You can start with worker’s compensation as the law requires this kind coverage to help workers recover from injuries, accidents or any events that rendered them incapable of performing their task and duties. Although, it is still best not to stop there and choose a liability that covers circumstances and situations that are unique to your type of business, dishonesty/crime coverage is a type of policy that will help you be covered especially for those not so trustworthy employees.
Step # 4
Choose the insurance provider; do not just take the first one who offers you coverage. Implore multiple companies and compare premiums, contrast policy and deductibles that are underwritten by the commercial insurance agent and brokers. Mull over proposals that are in your shortlist and those that offers nearly has all your benefits covered.
Step # 5
Know the benefits of having a surety bond for carpet cleaning. It is not that popular in the cleaning industry but having one will deter that would-be thief to break the law under your employment, plus it is cheap and has its perks. As bonds are not only good in deterring thieves but are also great as marketing tools and public relations, with surety bonds you can promote your business to be worthy of trust and sure of all employees will keep their hands off to the client’s valuable possession.