Specific insurance coverage necessity for laundromats and dry cleaners

Laundromats and dry cleaners beware! You might consider to purchase standard business insurance, but what you actually need is an independent insurance agent or company who has specialized in coin laundry insurance, laundromat insurance or dry cleaner insurances.

Whether having a self-service, a full-service laundry or a dry cleaning business, there is a lot more to insure than just washers and dryers. Laundromats and dry cleaners face specific daily risks, such as: slips and falls due to wet or uneven floors, fires due to excess lint in dryers, chemicals on clothes placed in dryers, flammable items placed in dryers and electrical problems. If the space is rented, the lease may require to buy property insurance for the building. However, coverage for the contents – including washing machines, dryers, flooring, computers, other office equipment and furniture – is still needed.

Laundromats and dry cleaners should also consider additional types of business insurance in their business insurance program, such as for: employee protection, vehicles and workers’ illness compensation. Conclusion: don’t settle for standard coverage or a one-size-fits-all approach too easy, but choose for an insurance that is tailored to everything that is unique about your laundromat or dry cleaner business.