Are you getting ready to start your own laundromat business venture? If so, there are several important steps to take before opening the doors. Of course, finding the right location and locating the best dealer for a commercial washer in Raleigh, NC is key, but investing in insurance for the business is also an important step.
No matter what type of business you own, having insurance is important for making sure you're successful and able to grow your company. This is also true for laundromats.
As we mentioned in our previous blog, the first type of coverage a business owner should look into is property insurance. This covers a variety of things including the following:
- Laundry Equipment
- TVs
- Furniture
- Inventory
- Computers
- Commercial Washers
- Dryers
- Anything of value within the building should damage or loss occur
If you incur any loss or damage to your laundromat or equipment your property insurance will cover it. This will also cover vandalism.
While basic insurance includes property coverage, there's another type that should be considered. Liability insurance is just as important as property insurance. Below, you'll find several lists of things that liability insurance will cover, if you choose to do add-ons within your policy. To learn more about these factors, contact an agent. They can help you better understand details of these basic policies and what you'll need to be fully covered by insurance.
Loss Exposures
- Happenings and events
- Conditions
- Property
Premises Liability
- Circumstances that occur in the laundromat or around the premises of the location of your business
- Injury and/or damage
Bailee Coverage
- Drop-off dry cleaning
- Drop-off laundry
Tenant Legal Liability
- Landlord or building owner
- Other occupants or tenants
Anyone that has an interest in your business financially should be added to your policy as well including the following:
Loss Payees, Mortgagee or Additional Insured
- Banks or other financial institutes
- Equipment distributors – lessor of equipment
- Equipment finance businesses
- Landlord – lessor of buildings
- Lending institutions
- Wholesalers
We hope this information helps you when choosing the best insurance policies for your business. Don't get caught without it. You might not be able to recover if something unexpected like a fire or vandalism occurs. Remember, visit back with our previous blog post to learn more about basic insurance information.
Buying a Commercial Washer in Raleigh, NC Is Easy with T & L!
Are you ready to buy a new commercial washer in Raleigh, NC or anywhere in North and South Carolina? Do you have an interest in opening a new laundromat location? Let us help with your plans so that you can choose the right commercial washers and dryers for your business’ needs. We serve industries such as healthcare, hospitality, correctional facilities, fire departments, fitness centers, hair salons and food service as well as laundromat owners.
T & L has been in operation for 40 years. Within that time, we've worked hard to offer the best commercial washing machines and industrial dryers for the best prices. We believe in our products and are excited to share them with you. The benefits you’ll gain from trusting our washers and dryers are incomparable. Our products offer the following advantages:
- Easy to install and use
- Saves washing and drying time
- Saves money
- Saves energy
- Easy to clean
- Comes in a variety of sizes and capacities
