Insurance for Laundromats

When it comes to laundromats, our “A++” rated carrier has designed coverage to clean the heaviest of stains. Don’t get stuck in the spin cycle with the competition. Our businessowners policy for laundromats provides competitive pricing and excellent coverage.

Ineligible for Laundromats

Please note we cannot offer coverage to the following:

• Machines that are not properly grounded to prevent electrical shock
• Front loading washers without properly functioning safety locks/latches
• Dryers that do not automatically stop once the door is opened
• Self-service dry cleaning machines
• Risks located in AK, LA or WV
• Property coverage in FL (unavailable with this product)

Available Coverage for Laundromats

• Coverage offered on our business owners coverage form
• Laundromat liability rating is simply based on the number of washers
• This product is available for laundromats with multiple profit centers such as dry cleaning, tailoring, shoe repair, video rental, mailboxes, convenience stores or other business services rated separately
• Attended and unattended facilities are eligible
• Twenty-four hour facilities are eligible
• Special Form is available

Coverage Limits Available for Laundromats

• Maximum property value up to $3,000,000 in protection class 1-8, up to $250,000 in protection class 9-10 or in coastal areas up to $500,000 excluding wind and hail
• Liability limits up to: $1,000,000/$2,000,000
• Commercial umbrella limits up to $5,000,000

Claim Example for Laundromats

Property: A customer broke several washing machine by overloading them. This caused $3,000 in business personal property damage.

General Liability: A customer of a laundromat was transferring their clothes from a washing machine to a dryer. The customer did not realize a water puddle had formed in front of another washing machine. The customer slipped and fell and broke his arm. A $5,000 medical expense was immediately paid to compensate the customer for their hospital visit and ambulance ride.

Automatic Business Owners Coverages: The laundromat installed a bright neon sign above the front door in order to attract new business. During a heavy windstorm, the sign cracked, and a portion of it fell to the ground smashing into pieces.

Value Plus: An employee of the laundromat was going through tough financial times. They ‘forgot’ to turn on the alarm system when closing up for the night. No signs of break-in were evident. The store owner noticed sales figures were repeatedly lower when this employee closed the store for the night. Cash in the machines also was mysteriously low on these same nights. The insured notified the police, and also made an employee dishonesty claim, and a money and securities claim.

Equipment Breakdown: The piping within the hot water heater ruptured from over usage, causing the laundromat to have to shut down for 4 hours. An equipment breakdown claim was made.