MOLLY MAID Right Start Transfer Manual Copyright 2015, Molly Maid, Inc. General Liability Insurance This insurance provides liability coverage for bodily injury and property damage. It is usually based upon a certain percentage of employee payroll. It should be higher if your legal counsel recommends it. MOLLY MAID Requirements: Coverage for “bodily injury,” “property damage,” and “personal and advertising injury”, with no exclusion or limitation applying to the products / completed operations liability coverage. Limits must be at least $2,000,000 general aggregate, $2,000,000 products and completed operations aggregate, $1,000,000 personal and advertising injury limit and $1,000,000 per occurrence limit. Contractual liability coverage including the assumed personal injury endorsement must be included to cover the indemnity provisions of the Franchise Agreement. The exclusion for employer’s liability shall not apply to claims for covered contractually assumed liability claims. Such policy shall contain a waiver of subrogation endorsement as to claims against Molly Maid, Inc. Molly Maid, Inc., shall be named as an additional insured on this policy on a primary and noncontributory basis, and with a Grantor of Franchise Form CG2029 or an insurer’s comparable form. The premiums are based on: Coverage limits. Deductible amounts. Estimate of annual payroll (or sales). Use the figures from your financial projections. It is important to be as accurate as possible because this will have an impact on your cash flow. Classification(s) of work activities. Be sure you are quoted in the correct risk classification . Experience factor. Imputed salary of owner (try to waive). If you chose not to go with our national insurance program and obtain insurance locally, there are several important factors that you should make your agent aware of to reduce your premiums. You will be more effective if you discuss this with your agent in person. Inform your agent that: You have a formal training program for all employees. That there is a limited range of work your employees perform. You do not provide every service associated with house cleaning. You have a formal safety program. You evaluate the customer’s home during the in-home estimate before agreeing to provide service. Be sure to include “finished products and services” or “completed operations” coverage. This is coverage that protects you in case a customer is injured in their home or incurs damage as a result of something that is associated with the actions of your HSPs.
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