When setting up a business, it goes without saying that you are going to invest a considerable amount of money in it. Thus, you need to make sure that you are protecting your assets so that if something happens, you will be able to prevent losses. This is what commercial insurance is all about, and its importance can never be emphasized strongly enough as risks and dangers are numerous and some could be very serious.
As a car wash owner you will need to consider certain possibilities. An employee might end up getting injured on your property, or there may be an event whereby a client got injured, or the vehicle got damaged, or there may be fire that could destroy your premises or machines. These are just a few instances which show how important commercial insurance is. There are different types of commercial insurance policies one may opt for, but regardless of which to choose the most important thing is to have a suitable level of coverage. As a car wash owner you have a legal responsibility towards your employees as well as your clients. Anything that could result in a legal liability needs to be covered if you want to make sure that you are properly safeguarded with your contractor insurance. There are insurance companies who will be better able to cater for your needs as a car wash business, so ideally look for such insurance companies, and compare their levels of coverage and premiums. A car wash insurance policy should typically include a workers’ compensation coverage, as well as employment practices liability which will protect you as an employer from lawsuits ranging from discrimination, harassment, wrongful termination and similar issues. There will also be property insurance to protect you from damages to the premises, and if you want to be safer, there are what are called umbrella liability policies which cover even catastrophic losses. There should also be a liability insurance so as to handle any losses arising from legal liabilities to other parties. About The Author: With over twenty-five years experience, Pat Thompson, CPCU, is a respected veteran of the property and casualty insurance industry. His commercial lines underwriting experience and independent agency ownership make him qualified to properly mitigate risk of any business.
9 Comments
2/20/2018 02:19:50 am
Thank you for sharing such an informative post. The car wash business should be provided with the proper insurance coverage which includes the safety of the vehicles. Car wash could be very helpful in preventing contaminants from damaging the vehicle. And, car wash should be leave to the professionals to get better results. The owner of a car wash business should provide it's customer with suitable insurance coverage to ensure the safety of their vehicles.
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3/16/2018 03:17:27 am
We often hear car owners rue traffic indiscipline, lack of legal enforcement by road authorities and myriad other complaints about the traffic scenario in India. Cases of road accidents and rule-breaking are reported in the newspapers on a daily basis. Considering these factors, it is important to get car insurance
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3/16/2018 03:22:21 am
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3/17/2018 08:05:45 am
I do agree with the fact that car wash business should be provided with suitable insurance coverage in order to provide a secured place for the worker of that particular shop. There are a lot of possibility of any types of damage to the vehicle while washing it. So, suitable initiatives needs to be taken in order to prevent any types of accidents during the washing procedure. Apart from this, vehicle should be included to the insurance coverage of the shop.
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7/1/2022 04:37:18 am
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