Your Business Needs Self-Service Laundromat Insurance

Operating a laundromat can be a financially rewarding experience, but like most businesses, there are risks and exposures you must consider as well as the need for a plan to deal with issues of safety and risk management. A great deal might be at stake should anyone become seriously injured on the premises, and therefore you need to make sure that you’re properly protected with Self-service laundromat insurance.

Laundromats are viewed as a friendly neighborhood business frequented by locals, often single people without laundry facilities at their residence. Families unable to afford a washer and dryer also look to these havens, as well as anyone that owns a washing machine currently in need of repair. Finding the right location is an important part of the success or failure of any business, so be smart and do a little research before settling on a property.

Research can help determine if the neighborhood is safe

Some neighborhoods are safer than others. Employing a security guard might be worth your while, especially during evening hours. With various people coming and going on a daily basis your concerns are real. Having security cameras that monitor what goes on during business hours will also help by making recordings available so that, if an incident does occur, you’ll be able to give more details of what happened to authorities.

Operating within a safe environment is equally crucial, since there may be the possibility that someone could be hurt by equipment, or safety concerns like uneven flooring. Children tend to run around, which increases the likelihood of trips and falls that could lead to serious injuries. Also, touching the inside of a hot dryer could lead to someone being badly burned.

Posting signs is one good way to make people aware that certain activities (such as running and horseplay) are not permitted. Even with careful planning and the best of intentions, most laundromat owners will experience issues due to some form of mishap or injury taking place while running a business of this type. Most insurance companies offering Self-service laundromat insurance coverage are able to provide you with a policy at competitive prices, but they really need to analyze each unique situation in order to ensure that owners are getting the protection they need.

Why You Need Linen Supply Companies Insurance

Linen supply companies provide products and services to a wide variety of businesses. Hospitals, hotels, and restaurants are just a small sample of the hundreds of places requiring their products, everything from sheets and pillowcases, to uniforms, tablecloths and many other items. These products must arrive in good condition, or the client may refuse to receive them.

Luxury hotels, for one, depend on these services in order to facilitate the needs of their customers. If a problem arises, such as linens lost in transit or damaged by human error, faulty machinery, or perhaps a mishap in the chemical processing, any one of these issues can significantly impact the supply company’s bottom line. This is why linen supply companies insurance, including general liability, is a necessary coverage to have.

Linen suppliers face some unique risks

The best line of defense is to partner with an insurer that offers loss control services to help lower the cost-to-risk with a multifaceted approach and claims management assistance. There exist some very unique risks at every point in the supply chain. In-house laundries can benefit from programs that mitigate risk for suppliers of prison, hospital, or organization-based uniforms.

In addition to general liability concerns, linens can present a health risk to employees who may be exposed to biohazards such as airborne and imbedded pathogens. Employees may also be at risk, while working in a facility, from exposure to chemicals and sharp objects.

Certain equipment may present noise exposure, and there may also exist the issue of heat stress, slip and falls, and burns or injury from machinery all of which are also quite common in commercial laundry operations. Linen supply companies insurance policies to consider when running this type of business, in addition to general liability, include the following:

  • Property Insurance including Equipment Breakdown
  • Excess and Umbrella Liability
  • Workers’ Compensation
  • Employment Practices
  • Inland Marine
  • Transit Insurance
  • Directors and Officers Liability
  • Boiler and Machinery
  • Employment Practice Liability Insurance (EPLI)
  • Employee Benefits

At $11 billion and counting, the commercial laundry industry is expected to continue its sustained growth as the healthcare industry and other organizations realize the financial benefit in outsourcing these services. Linen supply companies need to protect all aspects of their commercial laundry business so that they can provide the best service to their clients.