Owning a coin-operated Laundromat is a great way to be your own boss. As long as you keep an eye on the facilities and make some good decisions up front, you can enjoy your work and your profits. One of the best decisions you can make for your business is adequate insurance coverage.
What Kind of Coverage Do I Need?
You can find a standard business owners policy for the facilities, but you may not want to settle for regular coin-operated Laundromat insurance. Laundry facilities can benefit from a policy that includes damage in process and customer goods coverage. If you have any business vehicles, you’ll want to make sure they are included in coverage. If you have hired workers, you will need coverage for employee practices liability. A good policy will also include coverage for damages caused by employees to the facilities or to others.
Where Can I Find Coverage?
Look for an insurance company that tailors policies to coin-operated Laundromat businesses. An insurance provider that has experience with your type of business will be more likely to include coverage that is a better fit for your investment than the standard business owners policy.
Finding a good insurance policy for your laundry business will make the satisfaction of being your own boss even better. Make sure you have the right coin-operated Laundromat insurance with a policy that is tailored to take care of your investment.