Why Is Car Wash Insurance Important For Your Business?
We all understand that business itself is a risky proposition so it is important to protect your car wash business with car wash insurance. Car wash insurance gives you the peace of mind and economical stability that are essential to operate a business smoothly. Did you know that many businesses go bankrupt because they are inadequately insured and the business can’t stand the financial loss that happened due to an unexpected accident?
If you need to protect your car wash business, the first and foremost thing you need to do is taking a car wash insurance.
The main feature that needs to be covered in your car wash insurance is property coverage. Most businesses overlook the value of their property. You need to consider a lot of things other than the building to get the true value of your belongings as this are the only way to know if your property is insured adequately or not. Some of the common elements that are covered in a property coverage plan include:
- Building, equipment and contents – the property coverage of your car wash insurance needs to protect your equipment and buildings. The contents refer to the data, miscellaneous items and other valuables. Make sure that your insurance agent is a highly experienced professional in the car wash insurance niche so that you need not worry about missing any important coverage.
- Replacement cost coverage – obtaining a replacement for the lost items or building is not enough to resume your business but you also need protection against the labor such replacements cost.
- Business income – this will protect you from the loss of income due to a natural or man-made disaster.
- Additional property features – this is where most car wash insurance agents fail to give the proper protection to their clients. Everything from signs and outdoor accessories that are related to your business must be covered in your insurance program. StreetSmart Insurance Agency makes sure that we do not miss out even a single product associated with your business.
- Ordinance or law – lawsuits or any other legal proceedings can be expensive and time consuming. Our car wash insurance protection plans cover this too.
- Hired and non-owned auto – it goes without saying that adequately covering your customer vehicles is more important than protecting your own vehicles in the event of a mishap. A damaged customer vehicle is the worst a customer can expect but they also understand that accidents do happen. However, if your carwash insurance does not provide sufficient protection for both customer and non-customer vehicles inside your property, you are going to have a tough time covering the damage of each customer. This is why utmost importance should be paid for the auto coverage part of your car wash insurance.
- Data restoration – sometimes you can’t give up the lost data but a data recovery process is mandatory regardless of the expense associated with the program. However, professional data restoration services are very expensive. This is why data restoration coverage should be a part of your program.
- Outdoor signs – Outdoor signs are a must-included part of your property coverage.
- Personal property of others – you are responsible for the safety of anyone in your business premises, be it a customer, delivery boy or worker. This is why you need personal property coverage.
General Liability Insurance
- Primary limits of $1 million – General liability coverage are essential for car wash insurances because there are many unforeseen consequences that can take place at your business property to which you will be held responsible.
- Medical expenses – medical coverage protects your employees, customers and you in covering any medical expenses that takes place at your business property.
- Car wash care, custody or control coverage
- Auto service garage liability - sometimes you need to make sure that your workplace is protected because the products you use on a car can damage the vehicle. You need liability coverage to protect you against lawsuits.
Commercial Excess Limits
- Limits available from $1 million to $10 million
- Employee dishonesty – employee fraud, dishonesty and other criminal activities can put businesses in serious financial trouble. This is why your crime coverage from car wash insurance needs to protect you against such risks.
- Money and securities – you also need to protect your equipment, earnings and other assets from burglars.
- Covers sudden and accidental breakdown of the equipment – sometimes it is not necessary that a natural disaster has to take place at your business property for things to go wrong. A simple mechanical malfunctioning put a halt on your servicing. A good car wash insurance coverage protects you effectively in such situations.
Off-Premises Utility Interruption
- Covers loss caused by interruption of utility service – this coverage helps you to absorb the business losses effectively.
A car wash insurance protection is essential to run your car wash business without worrying about the various risks you are exposed to. Businesses never take a chance with their insurance programs because they realize the importance of having the adequate insurance coverage for the smooth operation of your business. StreetSmart Insurance Agency can help you to get the right amount of insurance coverage for your car wash business at a very affordable cost. We make sure that you need not worry about all the hassles associated with the purchase of a good car wash insurance program.
We specialize in offering custom solutions to our clients. Our carefully chosen car wash insurance coverage programs will be custom tailored to meet your specific needs. StreetSmart Insurance Agency do not believe in a generic approach towards car wash insurance. We believe that each customer is unique so their needs should be treated differently.
Why Wait? Call Us Today For Your Insurance Quote!
Are you looking for car wash insurance? Don’t worry; you already found the best place for your car wash insurance needs! Contact us today to get quotes from the leading market players in the industry and secure your business.