Buy Facility Support Services Insurance

Facility support services insurance is a type of insurance coverage designed to protect companies and organizations that provide facilities management and support services. This type of insurance covers a wide range of services, including cleaning, maintenance, security, landscaping, and other facilities management services.

The insurance protects the company against losses or damages that may occur as a result of their work, such as property damage, third-party injury, and other related losses. This type of coverage is essential for companies and organizations that provide facilities support services, as it helps to protect their financial stability in the event of unexpected losses or damages.

The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small facility support services businesses ranges from $47 to $59 per month based on location, size, payroll, sales and experience.

Legal Liabilities: Facilities support services can be held liable for any damage or injury caused by their work, including property damage, third-party injury, or other related losses.

Protection of Business Assets: Insurance coverage can protect the financial stability of a facilities support services company, by covering the cost of repairs or replacements if equipment, tools, or other assets are damaged or lost.

Compliance with Regulations: Some industries, such as construction or maintenance, may require insurance coverage as a compliance requirement, and failure to have insurance coverage can result in fines or legal action.

Peace of Mind: Having insurance coverage in place can provide peace of mind for the facilities support services company, as it helps to protect against unexpected losses and helps to ensure the ongoing financial stability of the business.

Customer Confidence: Having insurance coverage in place can also demonstrate a level of professionalism and customer confidence, as clients can be assured that the company is fully prepared and protected in the event of any unexpected losses or damages.

Every facility support services firm has its own unique services that need protection. facility support services insurance presents a comprehensive package that can meet your insurance needs. With the various policies included, you will have the "deep pockets" you need to cover a claim without jeopardizing your firm or your bank account. Following are some of the major coverage types:

General Liability Insurance: No matter the services you provide or how carefully you work, there are certain risks you expose your business to when you staff are working with clients each day. Thanks to the ever-growing reliance on the courts to settle disputes, there is no such thing as a small accident these days. Anyone can be sued; regardless of the safety measures you have in place to prevent accidents on your clients' premises. General liability insurance can protect your firm from financial devastation arising from events you could be liable for.

Worker's Compensation Insurance: Workers comp is required in most states by law for any non-owner employees. It is also usually contractually required by your clients.

You rely on the help of your staff to make sure your facility support services firm runs smoothly. From the receptionists who handle your appointments to the staff working at your clients' premises, your employees help make your business a success. workers comp coverage can pay out for medical bills, loss of work, and other fees incurred to your employees if they are injured on the job.

Business Property / Contents: Usually written on an "all risk" basis, this facility support services insurance covers your normal contents, furniture and fixtures, as well as supplies and specialized work equipment. In most cases the coverage is written on a "Replacement Cost" basis, so current pricing always needs to be considered.

Employment Practices Liability Insurance: EPLI insurance provides the protection you need should one of your employees allege any number of employment practice violations. These violations include race, age or gender discrimination, sexual harassment and wrongful termination. EPLI is essential coverage in today's litigious workplace.

Employee Dishonesty Insurance: The facility support services industry comprises establishments primarily engaged in providing operating staff to perform a combination of support services within a client's facilities. Employee dishonesty insurance offers coverage against direct physical loss of personal property, including money caused by the dishonest acts of your employees.

Commercial Auto Insurance: Even if you do not own business vehicles, your staff may use their auto on your behalf (such as going to the bank, store, clients, etc.) which generates the need for automobile insurance. With this non-owned auto policy, employers ascertain that they are also protected from liability that stems from employees that may use their own vehicles for any errand of your clients. Generally, you need this facility support services insurance policy if:

• If you use your auto to conduct your services.
• You need higher limits of liability then a personal policy offers.
• Haul a considerable weight in tools or equipment used to conduct your business.
• Employees operate the auto or if ownership is in the name of your firm.

Hired Auto - Provides protection for legal liability arising from the use or maintenance of a hired auto.

Cyber Liability: No person or organization is immune from a data breach, regardless of size or even the sophistication of their security. facility support services insurance has an optional cyber liability endorsement that is designed to protect you from losses related to data breaches and cyber-attacks.

Business Owner's Policy: A Business Owner's Policy (BOP) protects your business in much the same way that a homeowner's insurance policy protects your home and personal possessions. By combining two of the most critical coverages for small business - Business Liability and Property - a BOP can save you money while safeguarding everything you've worked so hard to build.

Facility Support Services (FSS) may be sued for various reasons, including negligence, breach of contract, property damage, or personal injury. In such cases, insurance policies can help protect these businesses and cover the financial costs associated with lawsuits. Here are some examples:

Negligence: If FSS fails to adequately maintain a facility, leading to an accident or injury, they could be sued for negligence. Professional liability insurance, also known as errors and omissions (E&O) insurance, can help cover the costs of legal defense and any damages awarded to the plaintiff.

Breach of contract: If FSS does not fulfill their contractual obligations, they may be sued for breach of contract. Commercial general liability (CGL) insurance can provide coverage for legal defense costs and any damages awarded as a result of a breach of contract claim.

Property damage: FSS may be sued if they accidentally damage a client's property while performing their services. Commercial general liability insurance can help cover costs related to property damage claims, including legal fees, settlement costs, and any damages awarded.

Personal injury: If an employee of FSS injures someone on the client's premises, the company could be held liable for personal injury claims. Workers' compensation insurance can help cover medical expenses and lost wages for the injured party, while commercial general liability insurance can help cover legal defense costs and any damages awarded.

Employment practices liability: FSS could be sued for employment-related issues, such as wrongful termination, discrimination, or harassment. Employment practices liability insurance (EPLI) can help cover the costs of defending against such claims and any damages awarded.

Cyber liability: If FSS experiences a data breach that compromises client or employee information, they may be sued for failing to protect sensitive data. Cyber liability insurance can help cover the costs associated with data breach response, as well as any legal fees and damages resulting from the lawsuit.

For each of these examples, the specific insurance policy may help cover the costs of legal defense, settlements, and damages awarded to the plaintiff. It's important for FSS to work closely with their insurance provider to ensure they have the appropriate coverage for their specific risks and to understand the limits of their policy.