Business Insurance
Printed From: Carpet Cleaning Forum
Category: Carpet Cleaners Discussion
Forum Name: Carpet Cleaners Hangout
Forum Description: General discussion on anything related to carpet cleaning
URL: https://www.kleenkuip.com/forum/forum_posts.asp?TID=831
Printed Date: 23/February/2025 at 8:10pm
Software Version: Web Wiz Forums 12.06 - https://www.webwizforums.com
Topic: Business Insurance
Posted By: Ruff Surfaces
Subject: Business Insurance
Date Posted: 01/December/2004 at 9:30pm
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What is your experience with getting the right kind of insurance? What is a must have insurance? Owner, Operator, employee? How much coverage? What problems have you incurred with putting claims forward. Most importantly how much do you pay? |
Replies:
Posted By: terry
Date Posted: 01/December/2004 at 10:03pm
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I run truck mounts .No personel use ,they just add on
comm insurance to that . 2 mill .Never had a problem with claims ,2 so far . Pay about 3000k a year in Quebec. 
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Posted By: Adwa
Date Posted: 01/December/2004 at 10:16pm
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Wow Terry that sounds like a lot of money per year. Maybe this is the norm I won't know. ------------- The Following Statements do not Necessarily Reflect the Views of this Forum Network http://www.kleenkuip.com - http://www.kleenkuip.com |
Posted By: carpetologist
Date Posted: 01/December/2004 at 11:19pm
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I hear the insurance companies had a banner profit last year and the government is asking them to lower premiums. lol ------------- Kleen Kuip Supply Mart Inc. http://www.kleenkuip.com - New & Used Professional Carpet Cleaning Machines, Restoration Equipment, Training, Service and Supplies |
Posted By: Steaminpile
Date Posted: 01/December/2004 at 11:32pm
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2 million liability here I grew up with the agent so she looked after me well.
I pay around $100 a month
never made a claim yet. |
Posted By: doug
Date Posted: 02/December/2004 at 8:45am
We carry Five million on the business + the tms + the equipment+ the building and that = no money left. ------------- Just My opinion |
Posted By: Steaminpile
Date Posted: 02/December/2004 at 2:54pm
| oh yeah I forgot the equipment insurance is on there too |
Posted By: carpetologist
Date Posted: 02/December/2004 at 6:01pm
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I hate to say many of the GTA cleaners do not have insurance. And when things go wrong they usually attempt to put it through their home insurance and that sometimes works after you tell your adjuster a few little white lies. If you do not have business insurance and are in an accident you had better make sure your machine is in the trunk and tell the officer you were just coming home from a church social. If you ever damage a carpet or furniture caused by your stupidity or unprofessionalism make sure you tell them a hose split or your machine saturated the house. That's covered but being unprofessional is not. Many years ago our carpet cleaning association had a blanket policy that covered all our members for everything a carpet cleaner would want. It lasted one year and almost broke the insurance company. They dropped us like a hot potato. Now that I have explained a few loop holes that I found through experience I would say Honesty is always the Best Policy. Buy insurance and have your policy blister packed and always put it into your quotations. And make sure your customers are aware of your business professionalism. When they say ABC will do it for $75.00 cheaper don't knock ABC. Just gesture that maybe they have no insurance. That usually plants a positive seed for you. But this should be an interesting thread. Much to learn and compare. ------------- Kleen Kuip Supply Mart Inc. http://www.kleenkuip.com - New & Used Professional Carpet Cleaning Machines, Restoration Equipment, Training, Service and Supplies |
Posted By: MR. STEAMER
Date Posted: 02/December/2004 at 7:43pm
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The thing is with insurance... you only have one or maybe two claims before they cancel you....lol Thats why no has insurance.....lol ------------- www.mr-steamer.com |
Posted By: doug
Date Posted: 02/December/2004 at 11:05pm
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I forgot about the compensation payments also. ------------- Just My opinion |
Posted By: OCC Boss
Date Posted: 03/December/2004 at 2:19pm
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$1 million liability, $750.00 a year, incase you blow a hose, or someone gets injured. We are incorporated in case someone sues. ------------- H8 DIRT |
Posted By: doug
Date Posted: 03/December/2004 at 6:20pm
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1 million is not much in this day age incorporated or not. ------------- Just My opinion |
Posted By: MR. STEAMER
Date Posted: 03/December/2004 at 6:34pm
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nope 1 million goes no where...I have 10 million.... paying about 220 a month... say if your truck blows up on the driveway and a few house get burnt down and people die.... 1 million won't cover your lawsuit ------------- www.mr-steamer.com |
Posted By: doug
Date Posted: 03/December/2004 at 10:23pm
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10 million and one million from one extreme to the other? ------------- Just My opinion |
Posted By: OCC Boss
Date Posted: 05/December/2004 at 12:05am
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Your right! ------------- H8 DIRT |
Posted By: MR. STEAMER
Date Posted: 05/December/2004 at 10:46am
well if something happen see if 1 mill is going to go very far...lol ------------- www.mr-steamer.com |
Posted By: MR. STEAMER
Date Posted: 05/December/2004 at 10:46am
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might as well have nothing ------------- www.mr-steamer.com |
Posted By: doug
Date Posted: 05/December/2004 at 12:31pm
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Mr. Steamer: I totaly agree. ------------- Just My opinion |
Posted By: Suction
Date Posted: 05/December/2004 at 5:27pm
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Then I'm good. I have NONE!
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Posted By: doug
Date Posted: 05/December/2004 at 7:13pm
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Diva: That is certainly something to boast about. You make me proud?? ------------- Just My opinion |
Posted By: doug
Date Posted: 05/December/2004 at 7:17pm
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Diva: I am sorry . I forgot that suckless was using your pic. ------------- Just My opinion |
Posted By: carpetologist
Date Posted: 08/December/2004 at 5:43pm
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On a heavier note we at Kleen Kuip pay an ADDITIONAL 5K a year because we manufacture chemical products that have raw materials that are both hazardous and flammable. If the chemicals don't kill us the premiums will. This could be one of the reasons why bath tubbers who have no insurance to protect themselves and you the clients can sell at a lower rate. ------------- Kleen Kuip Supply Mart Inc. http://www.kleenkuip.com - New & Used Professional Carpet Cleaning Machines, Restoration Equipment, Training, Service and Supplies |