Great question Ty! I don’t know that I’m an expert in good insurance at this point, but I have a few tips for you. 1. I know it depends on if your store is attended or unattended. I have one of each and some insurance companies, particularly the big, well known ones, won’t insure an unattended laundromat. So, it’s often good to look at smaller insurance companies. 2. CLA tends to be expensive and I haven’t heard great things about their service, although I don’t have personal experience with them. 3. I’ve had good luck and heard good things from others who have used smaller insurance companies that specialize in vended businesses. 4. With insurance, as much as with anything else, you get what you pay for. Cheap insurance is great until you need it. Cheaper insurance companies tend to be much more difficult to work with when you need them most.
Laundromat insurance isn’t cheap. At least not yet 😉 Just make sure you build those costs into the business model. Sorry I don’t have any specific recommendations but maybe someone else will. I’ll mention it on the upcoming podcast and see if we can get someone over here to help you out with a more specific answer!