NIE Laundry Business Insurance

NIE Insurance has serviced the dry cleaning industry since 1915. It was a natural progression for us to begin providing insurance products to laundromats as well since they are part of the fabricare industry. The precise date that they began insuring laundromats is unknown but they say that it has been a minimum of 35 years.

Coverage Musts For Insuring a Laundromat

• Building (when building is owned by laundry owner)
• Business Personal Property
• Loss of Income
• Liability
• Crime
• Workers’ Compensation
• Bailee (when laundry owner is doing drop-off dry cleaning and/or wash, dry, fold)
• Equipment Breakdown

The limits of insurance are ultimately up to the business owner but they strongly suggest using their building replacement cost survey for the building and their equipment replacement cost survey for business personal property. When calculating the amount of business personal property insurance needed, the owner must include improvements and betterments, delivery, installation and taxes plus all operating supplies. These items are often left out when the owner is giving his agent the desired limit of insurance but they are all covered under business personal property.

NIE insures Dry Cleaners, Laundromats, Donut Shops, and other Small Businesses. If you’re a small business owner and need quality business insurance, get started now with a quick quote.

For more information visit https://nieinsurance.com/coin-laundry-faqs/, call 314-832-1118, or email Ann Cobb at Cobb@nieinsurance.com.