Insurance is important for any business to have, and this includes coin-operated laundromats. If you are wondering what coin laundromat insurance includes, here is a more detailed look at what is typically offered, and how it can benefit your business, no matter what size it is.
Types of Benefits Offered
There are many types of benefits offered for coin-operated laundromats. This includes coverage on customer goods (in this case, their laundry), workers’ compensation, and even umbrella liability, according to irving weber insurance. If you have a company car or need water backup, these are normally included as well. When an unexpected emergency arises, these benefits can be helpful to have.
Knowing What You Need
In order to qualify for these types of insurance packages, you’ll normally need to have a facility that is not open 24-hours. Someone usually needs to be on the premises at all times and there needs to be an equipment contract. These are common requirements since not having these items in place can increase the liability on laundromat insurance, meaning you would have to pay higher prices.
If you are looking at operating a laundromat, you should know what to expect with coin laundromat insurance. Having it can prevent problems while ensuring you’re always ready for business.