Cleaning Business Insurance & Bonding… MUST KNOWS 🧼 💸

What kind of insurance do you need for your cleaning business? What's the difference between being bonded and being insured? And why is insurance so important for your cleaning business? Get all those questions (and more!) answered in this video!
And be sure to get your FREE QUOTE from NEXT INSURANCE by clicking here: www.nextinsurance.com/lps/the...
I may earn a small commission if you use my Affiliate Links but the products and services will NOT cost you anything extra. :-)
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00:00 Intro
00:45 DISCLAIMER
01:06 Why you need it
02:00 General Liability
05:11 Bonding
06:30 Workers Comp
07:25 Commercial Property + Commercial Auto
08:12 BONUS TIPS
09:37 Wrap Up

Пікірлер: 40

  • @TheProfessionalCleaner
    @TheProfessionalCleaner Жыл бұрын

    Be sure to get your FREE QUOTE from NEXT INSURANCE by clicking here: www.nextinsurance.com/lps/theprofessionalcleaner

  • @wwjd8172
    @wwjd8172 Жыл бұрын

    Starting a cleaning business in Montana, we’ve learned so much from you already! Thank you for the relevant content!

  • @TheProfessionalCleaner

    @TheProfessionalCleaner

    Жыл бұрын

    Thanks Michael! Keep chasing those dreams! Happy to help! 😀

  • @FrankWaltersLovestoteach
    @FrankWaltersLovestoteach9 ай бұрын

    Excellent. Have been looking for a Property Manager job for last two months without success. After one interview i went to the next Apt complex and asked if they needed a cleaning company…INSTANT success!! So, I guess I’m starting a cleaning company. Not too mad about not getting a PM job bc that job requires nights, weekends, and 24/7/365 on-call

  • @TheProfessionalCleaner

    @TheProfessionalCleaner

    9 ай бұрын

    Excellent! Just getting out there and offering services is the FASTEST path to making money in this biz! Proud of you!

  • @nicholemitchell8175
    @nicholemitchell8175 Жыл бұрын

    In BC, with ICBC Insurance, we have to have business insurance on our vehicles to use them for work when you are going from job to job. Very important to check with your own provider. If you don't have it and you get in an accident, you won't be covered. Just an FYI for all BC cleaners out there that don't know.

  • @TheProfessionalCleaner

    @TheProfessionalCleaner

    Жыл бұрын

    Thanks so much Nichole! Very valuable info! 🙂

  • @maryberry8331
    @maryberry8331 Жыл бұрын

    Great info, ty!

  • @TheProfessionalCleaner

    @TheProfessionalCleaner

    Жыл бұрын

    Glad it was helpful! 💕

  • @user-us5bi4uj4f
    @user-us5bi4uj4f4 ай бұрын

    The video was very professional and helpful. I will follow up with your various videos in the cleaning industry. Thank you so much.

  • @TheProfessionalCleaner

    @TheProfessionalCleaner

    4 ай бұрын

    You are so welcome!

  • @epvideosdiecastracing
    @epvideosdiecastracing Жыл бұрын

    Well I guess it’s finally time to pull the trigger on some good insurance! Thanks for the tips!

  • @TheProfessionalCleaner

    @TheProfessionalCleaner

    Жыл бұрын

    You bet!

  • @claudiasanmartin961
    @claudiasanmartin9616 ай бұрын

    Thank you for sharing your experience and knowledge, I’m learning from it. Question who would you recommend to use to conduct background checks? 6:26

  • @TheProfessionalCleaner

    @TheProfessionalCleaner

    6 ай бұрын

    I am currently using www.clearchecks.com but I am not affiliated with them. :-)

  • @PeterCianci
    @PeterCianci Жыл бұрын

    Well done! This is the exact information I was looking for! New subscriber!

  • @TheProfessionalCleaner

    @TheProfessionalCleaner

    Жыл бұрын

    Awesome, thank you SOOOO much for the comment! 😀

  • @Moms87
    @Moms873 ай бұрын

    Encouraging as I try cleaning - AGAIN.

  • @TheProfessionalCleaner

    @TheProfessionalCleaner

    3 ай бұрын

    You can do it! 💕

  • @JCordero84
    @JCordero848 ай бұрын

    do you have any videos on pricing commercial contracts?

  • @TheProfessionalCleaner

    @TheProfessionalCleaner

    8 ай бұрын

    Not yet but it's on the list! It really comes down to what each client is requesting, since task lists can vary so much. But a 'rough' guide is around $2 a square foot annually for general janitorial. But a better method is just multiply the time by your hourly rate, since the number of bathrooms can skew that number so much. I never tell commercial clients my hourly, but its what I base my bids on. So if a building is 1.5 hours of labor x my hourly (right now $75 an hour). Thats $112.50 a cleaning, but I would round up to $115. Then just invoice the actualy number of cleanings each month, since that often varies based on the number of working days. :-)

  • @oliviabarber3162
    @oliviabarber316220 күн бұрын

    Since most insurances don't cover subs, what insurance would you get if you only hire sub contractors?

  • @TheProfessionalCleaner

    @TheProfessionalCleaner

    20 күн бұрын

    Subs are their own biz owners, so they'd need their own insurance. :-)

  • @Nanileaf
    @Nanileaf5 ай бұрын

    Thank you so much for these tips!! Just one question… You said in another video that you like to hire subs and not employees. But my insurance doesn’t cover them. So I have to make sure that every single person I hire has their own insurance? Is that possible?

  • @TheProfessionalCleaner

    @TheProfessionalCleaner

    5 ай бұрын

    Correct! Subs, if you can use them and be compliant, would be required to have their own insurance since they are also business owners. But compliance is key. So do your research for your country/state etc on 'subs vs employees' and make sure you can use them legally. If not, no big deal, then go the employee route! :-)

  • @nakinipeace

    @nakinipeace

    4 ай бұрын

    Hi! Can you please say more about HOW to go the employee route? What things need to be in place to make them an employee versus an independent contractor? Thanks! I’ve owned a cleaning business for 14 years (it’s small but good) (btw I don’t have a website either!) and I’ve hired subcontractors at two different times in my life. Mostly it’s been me solo cleaning. Currently I’m recovering from an injury and so this may be more of a permanent thing… Not sure at almost 52 if my body will heal to do all the physical work required. I’ve been so agile and strong. Yikes! And what are the pros and cons of employee versus subcontractors? Thank you kindly! 🏡🌺

  • @TheProfessionalCleaner

    @TheProfessionalCleaner

    4 ай бұрын

    @@nakinipeace This is tricky to answer over a comment, but ultimately you must ensure compliance. So if you can use subs and be legal/complaint, then go go for it. There are many benefits to using subs. That said, there is nothing wrong with using employees. It is just more expensive. At the end of the day both options allow you to scale your business, bc you are not just trading your time for money anymore. And sorry about the injury! I've been there. Was in an accident in my 30s and it def slowed me down for a bit. Here is a helpful article that talks more about compliance... :-) www.swlaw.com/publications/legal-alerts/us-department-of-labor-issues-new-final-rule-for-classifying-independent-contractors-effective-march-11-2024?fbclid=IwAR2MUmqOT1AJ9EG3bQMqRDpMCE1kR_SLgsENK7aPpmq6kxGqvg40K4_-7Hk

  • @marka.arcenas9507
    @marka.arcenas95072 ай бұрын

    How do i calculate and do the weekly or bi weekly pay the tax season every year to my employees. How do i calculate that do i hire an accountant like you advise or will project 2 payment app services take care of the wages for my employees

  • @TheProfessionalCleaner

    @TheProfessionalCleaner

    2 ай бұрын

    Those are questions for your accountant :-) And no, P2P is for client management. But QuickBooks has features to help you with that. ;-)

  • @marka.arcenas9507

    @marka.arcenas9507

    2 ай бұрын

    @@TheProfessionalCleaner thanks you

  • @hustlersunited697
    @hustlersunited697 Жыл бұрын

    how do I know how much to charge commercial building?

  • @TheProfessionalCleaner

    @TheProfessionalCleaner

    Жыл бұрын

    All cleaning bidding basically comes down to hourly rate x how long the job will take. That doesnt always mean telling your client your hourly rate, and I never do in commercial. But your hourly rate is the basis for your bid. This is covered in depth inside my online course. :-)

  • @ShadraqsVids16
    @ShadraqsVids165 ай бұрын

    But what if everyone hired is self employed? Every insurance company I talked to told me they won't provide coverage for 1099 employees and that they need their own insurance. If that is the case then how can I cover my own business?

  • @TheProfessionalCleaner

    @TheProfessionalCleaner

    5 ай бұрын

    That's correct! If hiring subs, they should have their own policy. If hiring W2 employees, then they would be under yours. :-)

  • @shawnchen8271
    @shawnchen82717 ай бұрын

    Is bond a type of insurance? How dose a bond work?

  • @TheProfessionalCleaner

    @TheProfessionalCleaner

    7 ай бұрын

    Yes it's a form of insurance... and they are designed to protect your customers from things like theft... but as I explain in the video if you hire good people this shouldn't be an issue. :-)

  • @cassandrawright5202

    @cassandrawright5202

    6 ай бұрын

    @@TheProfessionalCleanerwhat’s a good company to get a bond from ? I didn’t see it on Next

  • @TheProfessionalCleaner

    @TheProfessionalCleaner

    6 ай бұрын

    Yeah I don't think Next does tho. Usually you'd need a local agent... like try your local State Farm agent. :-) @@cassandrawright5202

  • @beantehollie5335
    @beantehollie5335 Жыл бұрын

    It's so many people don't have insurance

  • @TheProfessionalCleaner

    @TheProfessionalCleaner

    Жыл бұрын

    I know scary! 😬