6 Types of Insurance Your Laundromat Needs
In Miami, a woman slipped on what appeared to be water, and fell as she walked through the doorway of a laundromat. As she fell, she hit her head resulting in what she claimed were permanent or ongoing injuries. The lawsuit she initiated was based upon the contention that the business negligently maintained their floors through the failure to regularly inspect them.
Although the case was ultimately dismissed after an appeal in 2011, it's apparent that the laundromat faced substantial financial and legal risks, in addition to the fees for legal representation.
While most owners of laundromats realize they should have some type of insurance coverage, they don't necessarily know what sort of coverage they need. The following list should be of some help.
* Business property insurance to protect against loss or damage to your business and equipment from risks such as fire or vandalism
* Business interruption insurance to provide replacement income if your business is shut down for a period of time due to events such as loss of power or fire
* General liability insurance to cover claims resulting from injury or accidents such as in the example above
* Workers' Compensation to help with medical costs and lost wages for employees who may be injured while working
* Equipment breakdown for repairs to your expensive equipment, in addition to the possible lost income resulting from it
* Business auto insurance if you have a vehicle which is used for business including delivery of cleaned clothing, or picking up supplies
Despite the fact that some people may think too much insurance is a waste of money, too little could be financially devastating. That's why it's important to have an insurance agent who is knowledgeable about business insurance for laundromats to advise you about not only the types of insurance needed, but also the coverage limits and deductibles which are right for you.
For additional help with your laundromat insurance policy needs, contact Pettineo Insurance Agency today at (954) 493-9424 or visitwww.pettineo.com for a free quote.
Pettineo Insurance Agency Inc. provides laundromat insurance coverage in Fort Lauderdale, Lauderdale-By-The-Sea, North Lauderdale, Pompano Beach, Oakland Park, Boca Raton, Deerfield Beach, Hollywood, Sunrise, Coral Springs, Pembroke Pines, Sunrise, Tamarac, Plantation, Lighthouse Point and all of Florida. As an independent agent we represent many top rated companies in both the personal and commercial lines. We place your policy with the company offering the best coverage at a reasonable price. We offer a complete line of personal, commercial, life and health insurance products, designed exclusively for your insurance needs. Serving South Florida for almost 30 years, Pettineo Insurance offers the highly personalized service and stability that you should expect from your insurance agent.
