Insurance: Are Your Vendors Covered?

Spring 2005

Housekeeping Management

Operating a service-based business comes with plenty of responsibility, accountability…and risk. Your outsourcing companies can either reduce your risk or increase it, depending on whether adequate liability insurance is in place.

Business Liability Insurance provides protection in the event of a lawsuit for personal injury or property damages. General Liability Insurance is more inclusive and covers injury and property damage claims. Workmans Comp Insurance is a state-mandated, no-fault, liability insurance, meaning employers are liable for any losses that an employee suffers from occupational injury or illness, regardless of who was at fault. Companies that don’t provide adequate coverage are exposing you and your customers to significant risk.

Be certain all independent contractors provide proof of a current insurance policy that includes all employees, vehicles, and equipment.With multi-million dollar insurance coverage at each site,MasterCorp eliminates 100% of your housekeeping liability issues.