Specialist brokerage Constructaquote.com has introduced a new insurance proposition for the cleaning industry, which the British Cleaning Council valued as being worth around £24 billion a year to the UK’s economy.
Constructaquote.com said the launch comes amid a decline in the sector’s profitability since 2013. Citing information from MTW Research, the Moorhouse Group firm pointed to pricing pressure impacting cleaning companies at the smaller end of the market.
“As a specialist insurance brokerage it is our job to help businesses protect their employees and their livelihoods,” stated Constructaquote.com chief executive Lyndon Wood (pictured).
The industry currently employs approximately 700,000 people.
A combination of public liability and employers’ liability, the policy for cleaning contractors covers third-party financial loss, loss of keys, failure to secure customer premises, the misuse of customer telephones, treatment risk, and the temporary removal of goods. Window cleaners are also offered protection related to water-fed poles from ground level up to 15 metres.
Employers’ liability has a limit of indemnity of £10 million, while limits of indemnity for public liability are available from £2 million to as much as £10 million.
“Our new product for contract cleaning firms could help fill a gap in the marketplace whereby companies need to protect themselves with a high-quality product at a reasonable price point,” said Wood.