Business Insurance for
Laundromats can be seen as appealing investments to hopeful business owners because they tend to have high ROI, lots of liquidity, and no inventory. But what they do need, like any legitimate business, is the proper insurance. No matter why you decided to buy a laundromat in the first place, you should consider the advantages of having the right laundromat insurance policy.
General Liability for Laundromats
Business insurance of any kind needs to have liability coverage included. This protects both the business owner and customers. More specifically, general liability will cover any medical bills that are incurred as a result of a customer getting hurt when using your laundromat. Whether someone slams a hand in a washing machine door, gets shocked by a dryer, or is injured in any other way, you would have to pay for the medical treatment if you did not have general liability coverage as part of your laundromat insurance. This coverage even includes advertising injury insurance, which means it will pay for any lawsuits that accuse you of infringing on another company’s slogan, logo, or other intellectual property.