If you are the owner of a California dry cleaning service, insurance is a worthwhile investment despite its price because it can save your bacon in many different situations. There are many costs that California dry cleaners insurance will cover. For example, even the most reliable cleaners occasionally damage or even lose customer clothing. That might not be a big deal when the garment was a $20 sweater, but a $5,000 wedding dress is another matter all together. If you don't want to be responsible for that bill, it would be wise to have some general liability insurance.
California dry cleaners insurance is also a wise way to cover potential damage to your cleaning machinery and business building. After all, in addition to being a sunny and beautiful state, California is known for its fires and earthquakes. If disaster strikes, you don't want to be hung out to dry.
Insurance comes to the rescue when you hire employees as well. For example, as a business owner, you will need competent and loyal employees. One way to attract the right crowd of candidates is to have sufficient worker's compensation insurance. That way, your staff can rest easy knowing that you will help take care of them in the unlikely event of personal job-related injuries.
Having proper insurance can also help you get into the right real estate locations. Even though chemical management is improving in the dry cleaning industry, dry cleaners have earned a bad reputation for creating costly pollution. One of the most common pollutants that dry cleaning businesses have intentionally and unintentionally released into the environment is perchloroethylene (perc). When this chemical gets into the groundwater, cleanups can cost millions of dollars. With this kind of liability at stake, many property owners are starting to shy away from leasing their buildings and land to dry cleaners. If you have insurance that covers environmental damage though, real estate opportunities are more likely to open up for you.
When you look into buying insurance, the goal should be to get the coverage you need and nothing else. To accomplish this goal, you need to find an insurance company that is willing to give you a quote based on your unique business needs, size and services. They should ask you a lot of questions about your business. These questions are one way for them to generate an accurate quote while simultaneously illustrating their commitment to you as a customer. |
