It is an unfortunate fact of life that no matter how careful you are, the unexpected can still happen. Your tools and equipment could be damaged or stolen. Someone could claim compensation from you if they have been injured as a result of your activities. You might find yourself unable to work through injury or illness. You might have to pay legal fees to defend yourself against legal action taken against you.
Although there is nothing that you can do to prevent the unexpected from happening, you can prevent the unexpected costs that arise from threatening your business by making sure you that have the right curtain cleaning insurance.
Business contents insurance
Although there are a number of things that you can do to reduce the risk of your property being damaged or stolen, you can’t completely eliminate the risk. As such, it’s important to make sure that you insure your business contents, equipment and cleaning materials to their full value, to ensure there are no nasty surprises if you find that you have to make a claim.
If people are injured, or their property is damaged, and they feel that you’re responsible, they could make a compensation claim against you. Liability insurance covers such compensation claims. Your liability insurer will also handle the claim on your behalf, so you don’t have to worry about dealing with potentially complex legal issues, and they will even pay your associated legal costs.
There are two types of liability insurance. Employer’s liability insurance covers compensation claims made by employees, and is a legal requirement if you employ staff, temporary or otherwise. Public liability insurance covers claims made by members of the public. Public liability insurance includes products liability insurance which covers compensation claims arising due to a defect in a product you’ve sold or supplied.
Compensation claims can be very expensive. A minor injury can cost over £1,000 to settle by the time the legal fees are taken into account and a serious injury could well cost in excess of £300,000.
Personal accident & sickness insurance
If you are unable to work because you’re injured or ill, you’re unable to earn, and unlike conventional employees, as a self-employed curtain cleaner, you won’t get sick pay. Personal accident & sickness insurance fills this gap.
The insurance pays a weekly benefit while you are unable to work, which means that you don’t have to worry about being able to pay your bills. It also pays a lump sum if you will never be able to return to your curtain cleaning business due to permanent disability.
Legal expenses insurance
There are a number of reasons legal action could be taken against you. An employee could be taking you to an employment tribunal because they feel that they have been unfairly dismissed. A customer could be taking you to court because they feel that the service you delivered was inadequate. You could be facing a tax/VAT inspection.
When legal action is taken against you, the last thing you want to be worrying about is the legal fees mounting up. Legal expenses insurance covers these legal fees.
If you are using a vehicle anywhere that the public can access, you’re legally required to have motor insurance. If you’re using your private car to travel to and from clients, it’s important to check that your motor insurance covers business use because some motor insurance policies exclude that cover.