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Coming Clean About The Cleaning & Maintenance Industry
The Importance Of Insurance For Cleaning and Maintenance Businesses
When you consider how massive the industry has become, you’ll give it the respect it deserves. Opportunities for large and small cleaning and maintenance businesses are everywhere; from speciality cleaning such as windows or floors, to residential, as well as commercial, laundry and dry cleaning services alike.
It’s interesting to note that this industry is not highly franchised (only 10% are franchise businesses), so the market is comprised of mostly small business owners and individual agents. This spells good news for anyone wanting to make money in this space since the barriers to entry are quite low.
Demand in the coming years will be driven by the increasing need for cleanliness and hygiene in commercial and residential spaces. Of course, like in any other industries, this one has it’s own challenges, from the day to day challenge of satisfying high standards of customers, to the fierce competition from other players.
Big Clean Up For Cleaning And Maintenance Businesses
The industry is quite diverse, made up of residential cleaning, commercial janitorial services, laundry and dry cleaning as well as landscaping services. Revenue from laundry and dry cleaning in 2019 reached $9 billion, commercial janitorial $61 billion and landscaping a whopping $99 billion in revenue. These 2019 figures give a very good idea of the scope and magnitude of the cleaning and maintenance industry. There are more than 3 million people working in this industry in the United States.
Protect Your Profits With A Small Business Owners Policy
As with any small business, there are risks as well as rewards. Nonetheless, entrepreneurs can take take full advantage of the low barriers of entry and maximize the opportunities presented. Of course insurance for cleaning and maintenance businesses will protect your new or existing business against liability risks like third party injury, allegations of theft, equipment breakdown, damage to property and other risks that you and your team encounter every day on the job. Finding the right insurance coverage at the right price can be difficult if you are not familiar with insurance programs available to small business owners. Our experienced insurance consultants will make the whole process of finding the best insurance for your cleaning and maintenance business trouble-free and quick.
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Insurance For Cleaning And Maintenance Businesses
3 Great Cleaning Business Opportunities
- Green Cleaning – This is eco-friendly cleaning with huge health benefits as well. Reduced use of dangerous chemicals and better health overall can be achieved this way.
- Secure Cleaning – Secure cleaning means that your commercial cleaners have been training in handling confidential information, undergone extensive background checks, and have been given low level security clearance.
- Smart Cleaning Devices – Autonomous robots are able to provide color-coded reports, along with other metrics including water usage. The multiple sensors allows for safe and effective floor navigation and provide a deep clean.
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