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Laundromat Preferred Package Product

Eligibility Features

  • $3,000,000 annual sales
  • $3,000,000 total insured property value
  • Risks open 24 hours per day
  • Attended or unattended operations
  • Mixed occupancies within a single structure
  • Ancillary services including food sales, arcade games, shoe repair, etc.

Coverage Features

  • 7 coverages available
    • General liability
    • Property Coverage is available
    • Equipment breakdown
    • Crime
    • Hired/non-owned liability
    • Employment practices liability
    • Umbrella or excess general liability
  • No general liability deductible
  • Personal property of others offered up to contents limit
  • Liability rates per washing machine (no annual audit)
  • Special form, replacement cost options available

Additional Advantages

  • Security of an A.M. Best A++ rated carrier
  • Flexibility to write monoline coverage or as a package on the businessowners form
  • Admitted policy available in most states
  • Package minimum premiums as low as $500
  • Automatic quote for umbrella or excess liability -
  • limits $1,000,000 thr$5,000,000 offered on every risk
  • Automatic quote for employment practices liability -
  • limits $100,000 thr$5,000,000 offered on every risk

Coverages and exclusions differ by carrier and by state. Specific concerns can be discussed with an underwriter.

800.635.4742, Ext.8303

submissions@myronsteves.com