When providing the best possible service in the cloth drying business sector, events still occur that will be out of your control and the reason to have the right launderette insurance that will protect and cover your investment.
There are two major types of liability insurance that each business owner should obtain and they are public and employee liability insurance. There is also transit and equipment insurance that should be considered.
Public liability Insurance
This type of coverage is necessary just in case an unforeseen accident occurs. Whether you own a self service launderette or a full service garment cleaning service, the protection against accidents is a must to help prevent the closing of your business due to a lawsuit from a customer.
Most accidents in this business sector are from slips on the floor from water being spilled. There are also numerous accidents from people being burned because dryers are present to help dry the clothes and can be dangerous. Both of these areas are covered with the proper public liability insurance coverage.
To help reduce the premium costs of this type of policy, the use of CCTV is recommended. Most self service launderettes are not manned during all of the hours they are open. The monitoring of the facility is very useful in the stopping of false claims by the public and can save the business owner, time, money and frustration.
There are additional hazards that can also be covered by this type of insurance policy. This is to cover the cost if a customer’s clothes are damaged while in your care. There are different levels of this type of coverage so you can choose the one that fits your needs and budget.
Employee Liability Insurance
For any business owner, this is a requirement when you have staff that is not related to you working for the business. This is the coverage you need to cover the cost when an employee is injured while at work. This injury can be the fault of the employee, the working conditions or faulty equipment.
In this busy world today more and more customers are requesting home deliver service and the garment cleaning businesses is no exception. What most businesses are not aware of is that standard vehicle insurance coverage does not cover the cost of items being transported for business purposes.
To cover the replacement cost of items that are damaged in transport due to an accident or other reason, transit insurance for a commercial vehicle is required.
The backbone of a launderette business is the equipment to draws the dirty and debris out of the clothing items. This type of equipment breaks down and wears out over time and will need to be repair and replacement over time. This type of policy will protect the business owner from a huge expense that could actually close the business down due to lack of funds and working equipment.
These are the basic options for a launderette owner and dry cleaners to know about. By knowing your options and what you need to cover can help keep the premium costs to a minimum while still protecting your business from an unexpected expenditure that could close you down.