Why Choose a Commercial Cleaner that is Bonded and Insured?

Some commercial cleaning companies are bonded and insured. This is typically required for client contracts as well as agreements with landlords and lenders. Being bonded and insured protects their business, employees and you (the client) from common risks, pitfalls and liabilities. It helps attract clients, shows a business is reputable and gives you (the customer) peace of mind.

What does it mean to be bonded?

To become bonded, a business purchases a surety bond, a promise to be liable for the debt, default or failure of another. It is an agreement between three parties:

• The principal: the commercial cleaning company that purchased the bond

• The obligee: the party that requires the bond (you, the customer) before hiring the commercial cleaner

• The surety: the company that issues the bond and protects you (the customer) that is hiring the commercial cleaner from any possible losses that would result from incomplete work, damage, theft or other failures 

The bonding company holds money that has been secured from the cleaning company. They act as a neutral third party to settle disputes between the cleaning company and you (their clients). If damage occurs, you can file a claim and receive compensation from the surety who pays out your claim after they investigate and agree that you should be compensated. The cleaning company would repay this claim to the surety. A business that is bonded indicates that it’s trustworthy and financially able to meet any requirements should it inadvertently damage your property or fail to complete the contract. 

What does it mean to be insured?

Being insured means that the commercial cleaning company has transferred risks to a third party through the purchase of an insurance product. This can include worker’s compensation, general liability insurance and/or property insurance. In the event that someone gets injured on the job, there is money in place to pay for any claims or benefits they may be entitled to make or have. If the cleaning company doesn't have the appropriate insurance measures in place, any claims that an employee makes will be filed against your business’s insurance and could cause your premiums to rise or force you to pay out of pocket.

What is the difference between insurance and bonds?

Both insurance and bonds provide financial compensation in the event of a claim. With a bond, the claim is made against the surety company. In the case of an insurance policy, the claim is made against the policy which was issued by an insurance company. Insurance protects the cleaning business while bonds protect you (the client). 

In the interest of protecting your business assets and looking out for the well-being of the people you hire, ensure that you’re doing business with a trusted cleaning company that is both bonded and insured. Making the decision to choose a company that’s bonded and insured is critical to keeping your business and employees safe.

Looking for a reputable commercial cleaning company that is bonded and insured. Call Strathcona Cleaners Ltd at 403-237-8355 or email info@strathconacleaners.com. Our Calgary-based business provides janitorial services to an array of industries. We custom tailor our cleaning and maintenance plans to suit your specific needs. You can even choose non-toxic products and eco-friendly equipment. Depend on us for quality janitorial and office cleaning. Contact us today!