laundromat insurance

Properly Protecting Your Laundry Business

Running a laundromat is certainly a huge undertaking. There are plenty of risks to consider and the exposures associated with the business can lead to a substantial loss if not protected by laundromat insurance. Owners must diligently address a number of areas, such as safety with respect to the premises, the machines, and other forces often outside of their control. There are also the concerns regarding the internal workings of equipment and staff on premises.

Dryer fires rank high among issues

Due to the amount of heat they produce, dryer fires constitute one of the most devastating and costly laundromat insurance claims for many self-service laundries. Imagine having your store burned to the ground as a result of a dryer fire. Prevention starts by having regular maintenance to ensure machines are always in good working order and a lint control system designed to lessen any danger.

Develop a schedule to keep lint screens clean, prevent lint from accumulating inside the dryer cabinet as well as the cleaning out of ductwork on a regular basis, all of which can aid this process tremendously. Be sure to inspect your facility for issues and fix any problems as soon as possible. This includes both the inside of your business, along with the exterior property of the building as well.

As an owner, you can prevent many laundromat insurance claims by operating your coin laundry company properly and addressing the possibility of issues pertaining to slips, trips, and falls, which often occur in such establishments. Make sure signs are posted encouraging patrons to respect the facility and not allow children to engage in horseplay. An injury will often have a negative impact on Laundromat insurance coverage.

Employee theft is another concern

Store owners must be diligent and take precautions to guard against internal theft, and getting to know your employees on a first name basis and treating them with respect can help to accomplish this. Commercial laundry owners who ignore the possibility of internal theft are simply providing thieves with a lucrative opportunity to steal.

Set up a system where attendants are required to sign off, using cash count slips whenever handling money. Experience shows that shortages often appear at the end of a particular shift. Employees should be warned that, if caught skimming cash, they will be prosecuted to the full extent of the law. You’re running a business and you can’t afford to be taken advantage of by the people you’ve entrusted to mind the store in your absence.