Janitorial Insurance Cost
Having the right insurance in place gives your business the protection it deserves. But knowing what coverages you need and making sure your policy fits with your budget can be a challenge. We make it easy to understand base and add-on options, including how much your janitorial insurance will cost.
How Much Does Insurance Cost for a Janitorial Business?
Janitorial insurance cost starts at just $39 per month or $435 per year. Nationally, the cost of janitorial business insurance averages $520 a year, so our rates offer savings while still giving your business solid protection.
Most Popular Janitorial Insurance Policies (+ Their Cost)
Understanding how much janitorial insurance costs starts with understanding the base policy every cleaning company needs. This will be the base cost of your insurance. You can customize your policy and premium with add-ons that could be very beneficial to your operation, especially as it grows.
Here are the essentials and their associated costs
| Our Average Price | Industry Average | |
|---|---|---|
|
General Liability Insurance |
$679.92 / year |
$884.81 / year |
|
Tools and Equipment Insurance |
$51.64 / year |
$384.41 / year |
|
Janitorial Bonds |
$106 / year |
$126/year |
|
Additional Insureds |
$10 / year / AI |
|
|
Workers’ Compensation |
$1,141.86 / year |
$1,627 / year |
|
Cyber Liability Insurance |
$99 / year |
$1,740 / year |
**based on the median cost of policies for cleaning insurance bought with Insurance Canopy.
General Liability Insurance
General liability insurance shields your janitorial business from claims related to third-party bodily injuries and property damage that happen because of your work. It’s the base coverage included in janitorial business insurance.
For instance, if someone slips on a floor you just mopped and gets injured, general liability can help cover medical and legal costs associated with the incident. Or if you inadvertently damage furnishings or flooring at a venue you’re cleaning, it can help to pay for the damage.
However, it’s important to note that this coverage does not extend to injuries sustained by you or your employees—it only covers your clients and other third parties.
| Coverage | Lowest Annual & Monthly Cost |
|---|---|
|
$500K Per Incident / $1M Per Year |
$435 / $38.33 |
|
$1M Per Incident / $2M Per Year |
$470 / $41.67 |
Tools and Equipment Insurance
Tools and equipment coverage, also known as inland marine insurance, can cover the cost of repairing or replacing your equipment, supplies, and inventory — all the essentials you need to keep your business going.
This insurance protects your business tools and equipment —from squeegees to commercial vacuum cleaners — from theft or damage. Tools and equipment insurance is designed to step up if someone accidentally spills their coffee and ruins your laptop during a client meeting or makes off with the machinery you need to work.
As your janitorial business grows, you can also increase your level of coverage to maintain your peace of mind. Since you can choose your limits, you can also stay in control of your janitorial business insurance cost.
| Limits (Occurrence / Aggregate) | Premium per month | Premium per month | Deductible |
|---|---|---|---|
|
$1,000 / $3,000 |
$3.33 |
$40 |
$500 |
|
$2,000 / $6,000 |
$4.58 |
$55 |
|
|
$5,000 / $10,000 |
$5.00 |
$60 |
|
Janitorial Bonds
Consider your janitorial bond as your “good housekeeping” seal of approval. It tells clients that you’ll complete your janitorial services according to agreed-upon standards and handle any mishaps in a professional manner.
If things get messy, this bond steps in to cover the costs, keeping your reputation spotless. You may also be required to obtain a bond for a government or commercial contract.
Insurance Canopy offers two bond options to fit your business needs.
| Bond Option | Annual Cost |
|---|---|
|
$5,000 Bond |
$131 |
|
$10,000 Bond |
$175 |
Additional Insureds
Adding qualified additional insureds to your policy is a common requirement for landing commercial janitorial jobs. Essentially, it extends your insurance to third parties (like landlords or clients) should they be named in a suit that arises out of your business operations.
For example, if you’re providing janitorial services during operational hours, a customer or patron could trip over your electric cords, fall, and sustain an injury. If that individual sues you and the venue or business, your coverage can extend to them. This reduces their risk in hiring you, making you a more attractive contractor to work with in their eyes.
Price per additional insured: $10/year
Workers’ Compensation
The physical nature of janitorial work comes with inherent risks to your employees. A staff member could slip on a wet floor or strain their back getting equipment in and out of a worksite.
Workers’ compensation is designed to cover medical expenses and lost wages due to on-the-job injuries. Pricing varies based on your specific needs, so it will also impact your janitorial insurance cost.
Annual Premium: $1,141.86
Employers’ Liability Coverage Limits
The maximum coverage for damages resulting from bodily injury by disease for any number of employees.
$1,000,000 Policy Limit
The maximum coverage for bodily injury to one or more employees in any one accident.
$1,000,000 Each Accident
The maximum coverage for damages resulting from bodily injury by disease for any number of employees.
$1,000,000 Each Employee
Cyber Liability Insurance
Only a few businesses today are not vulnerable to cyber-attacks. If you store clients’ personal and payment information online or take inquiries through your website that collects this type of data, for example, a data breach could be costly.
Cyber liability coverage can help you with:
- Data breach notification costs
- Customer data loss
- Ransomware and cyber extortion
- Legal fees
- Business interruption fees
|
Monthly Premium |
$8.25 |
|
Annual Premium |
$99.00 |
|
Coverage
|
$100,000 Cyber Coverage Limit
including $50,000 in E-Theft Coverage
|
Factors Affecting Your Janitorial Business Insurance Costs
Here’s a breakdown of what might mop up your janitorial service insurance and bonding costs:
Size of Your Business
Got a growing team and more equipment? That can pump up your premiums. Larger operations face more risks and potential claims, which means your insurance costs might get as big as your business.
Location
Local risks like crime, natural disasters, and regional regulations can all influence your janitorial service insurance costs.
Claims History
A history of frequent claims can make insurers see you as a higher risk, which often means higher costs—after all, past claims suggest a greater chance of future ones.
Coverage Limits
Looking for extra coverage? Prepare for a premium bump. More coverage means a fatter price tag—think of it as upgrading from a mop to a high-powered cleaner. Make sure you get just the right amount of coverage without overloading your budget.
Additional Coverages
While add-ons offer essential protection, they also come with extra costs. Evaluate your needs to decide which coverages are must-haves and fit them into your budget.
Tips for Saving on Janitorial Business Insurance
Looking to scrub those janitorial insurance costs without losing coverage? Use these tips to find the best deals and keep your premiums tidy!
Bundle Policies
Bundling coverages like general liability with tools and equipment insurance can lead to big savings. Plus, Insurance Canopy offers a discount if you pay annually instead of monthly—talk about a win-win!
Review Coverage
Don’t pay for extras you don’t need. Tweak your coverage limits and ditch the unnecessary add-ons to cut costs while keeping essential protection.
Boost Safety
Improve your safety practices to lower your rates. By minimizing the risk of accidents and claims, you show insurers your business is less risky, which can help you save on premiums.
Shop Around
Why go with the first offer? Compare quotes from different providers to snag the best deal on janitorial service insurance and bonding.
Maintain a Clean Record
Keep your claims to a minimum and watch your premiums drop.
Other Cleaning Professions We Insure
Get Your Insurance Fast and Easy with Insurance Canopy!
Ready to clean up with the best insurance for your janitorial business? Say goodbye to the hassle and hello to top rates and complete coverage. Get insured today and keep your operations gleaming with Insurance Canopy!
Allison Kirschbaum | Copywriter
Digital Content Specialist, Allison Kirschbaum leverages her experience in providing in-depth content such as blogs, whitepapers, and downloadables about insurance, liability, and the challenges small businesses face every day. Before working at Veracity, Allison freelanced her copywriting skills, including optimizing rankings and generating leads across various sectors. She is now fully trained on Insurance Canopy’s products and helps small business owners navigate their insurance needs.
Digital Content Specialist, Allison Kirschbaum leverages her experience in providing in-depth content such as blogs, whitepapers, and downloadables about insurance, liability, and the challenges small businesses face every day. Before working at Veracity, Allison freelanced her copywriting skills, including optimizing rankings and generating leads across various sectors. She is now fully trained on Insurance Canopy’s products and helps small business owners navigate their insurance needs.
Kyle Jude | Program Manager
Kyle Jude is the Program Manager for Insurance Canopy. As a dedicated program manager with 10+ years of experience in the insurance industry, Kyle offers insight into different coverages for small business owners who are looking to navigate business liability insurance.
Kyle Jude is the Program Manager for Insurance Canopy. As a dedicated program manager with 10+ years of experience in the insurance industry, Kyle offers insight into different coverages for small business owners who are looking to navigate business liability insurance.
