As a laundry owner, you take on a lot of risks every day. To protect yourself against these risks, you must be sure to carry the right commercial laundry business insurance. Here are some of the coverages that you should plan to include in your policy.
General Liability Insurance
General liability protects you against lawsuits where a third-party is injured or sustains property damage because of your business. An example of this is a customer falling and injuring themselves on your premises.
Property insurance protects your building, equipment and furniture against damage or loss. In case of a fire, storm, vandalism or theft, your policy will cover the cost to repair or replace your items.
Equipment breakdown is good to have since your business relies on your equipment being available all the time. If your equipment breaks down for any reason, your policy will cover the cost to repair them and even offer payment to cover your lost revenue.
Commercial Auto Insurance
If your business activities involve driving a car in any way, then you’ll need to carry commercial auto insurance to protect you against any accidents. Liability, collision and comprehensive coverages are all options for this part of your policy.
Other coverages are available depending on your needs Work with a commercial laundry business insurance agent to craft a policy that’s right for you.