Pressure washing is an essential service for commercial property owners. It’s an efficient way of removing dust, mold, mildew, and dirt from various surfaces.
In these operations, the combination of pressured water, chemicals, and powerful equipment is a recipe for potential accidents. Insurance can safeguard your pressure washer service business against losses from property damage, medical expenses, and legal claims.
In this article, we’ll highlight the importance of pressure washing insurance and the coverage along with the potential costs.
Pressure washing insurance is a liability policy that covers your business against claims for damage, accidents, injuries, and related costs arising from cleaning operations. It protects against property damage and bodily injury to third parties.
It insulates against property damage such as eroded walls, stripped paint, broken windows, dislodged bricks, and knocked down plants. Also, it insures third-party bodily injury in washing operations. Extra add-ons such as employee compensation and cybersecurity insurance can protect your business from further losses.
Risk mitigation is key to survival in business. Pressure washing insurance insulates you from the financial loss of paying for restoration, severe injury, and accompanying legal costs out of your pocket.
Plus, insurance can help you close deals with clients. As a risk mitigation strategy, clients may only contract with insured businesses.
Since a pressure washing business involves high-pressure water and chemicals on surfaces, damages from overspray and accidents might occur. Reducing or eliminating the impact of these kinds of risks on your business is important.
Generally, a service provider is liable for damage to a client’s property. The extent and degree of damage can make these costs expensive. Individual contractors don't want to pay these business expenses out of pocket.
Pressure washing insurance covers several common risks that might arise, including:
Pressure washing insurance comes in different forms. Here are some policies you need for your business.
General liability policies protect the business from losses related to claims arising from injury to third parties, damage to client property, libel and slander, and advertising suits. For instance, you visit a client’s home and the person trips over your pressure washing equipment. General liability insurance will cover the cost of treating the injuries sustained and even their lost wages.
This type of insurance protects against professional negligence that leads to financial losses—for example, flooding a client's premises. If you’re sued for the allegation of negligence in completing your work, say by missing a deadline, E&O insurance will cover your defense costs.
In some states, businesses must have this type of insurance for permanent and temporary staff. It pays for medical bills and lost wages in case of employee injury during work activities. If an employee falls ill due to exposure to cleaning chemicals, workers' compensation insurance can cover their medical expenses and help recoup lost wages.
If your business faces a data breach and customer information is compromised, this insurance will cover the costs of informing clients and investigation expenses. If your business is hit by a data breach, cyber liability insurance can cover the cost to restore any lost data. This insurance also covers lost business income due to ceased operations during a breach.
Generally, pressure washing insurance excludes asbestos and lead pollution from liability coverage. Any contamination of the job site with lead or asbestos will trigger the exclusion clause.
Costs vary depending on the needs of the business.
On average, the base premium on pressure washing insurance ranges between $1000 to $2,000 per year. Generally, the policy liability limits for pressure washing insurance may range between $1,000,000 to $2,000,000.
A certificate of insurance is a document issued by an insurance provider showing proof of business insurance. It will list the types of coverage.
Your insurance company can issue a certificate of insurance upon request. Some clients require a certificate for jobs as a form of financial protection.
As soon as you have signed your insurance agreement, you can request your certificate, and it is issued within a few days.
Insurance protects your pressure washing services against potential risks. Contact a licensed agent and ask them to get you a Pathpoint quote today.