Self-service car washes are unique businesses with varying business insurance needs. No matter what type of car wash you operate, you face risks such as fire, vandalism, slips and falls, damage to customer vehicles, and more. You need to find a comprehensive car wash insurance program to make sure that your assets are protected.
A local independent insurance agent can help you get the tailored coverage you need.
Why Do You Need Self-Service Car Wash Insurance?
Car washes can be dangerous places. Your self-service car wash insurance should address your risks so you can survive certain financial losses, including the following:
- Fire, theft, or vandalism
- Customer injuries
- Employee injuries
- Weather events and business disruption
- Employee theft and crime
- Employee lawsuits for wrongful termination or harassment
- Customer vehicle damage
- Equipment and machinery breakdown
What Does Self-Service Car Wash Insurance Cover?
Self-service car washes are performed entirely by machines, with no interaction between customer vehicles and employees (e.g., the car wash at your local gas station). A self-service car wash cannot operate without fully functional machinery and equipment. And that equipment can cause damage to customer vehicles, no matter how many precautions you take.
Self-service car wash insurance needs vary depending on the type of car wash you operate and the services you provide. Your business insurance program should include some fairly standard coverage at a minimum.
- Commercial property coverage: This protects your building(s) and business personal property.
- Commercial general liability (CGL) coverage: This is for claims or lawsuits related to bodily injury or property damage caused by you or your employees.
- Business interruption coverage: This is for business income coverage, which provides coverage for lost income and pays for continued expenses if you experience a weather-related or some other type of business interruption. Depending on where you are located, your revenue may fluctuate seasonally, and losing business during your peak season due to a weather-related disruption can be devastating.
What Is Equipment Breakdown Coverage?
Equipment breakdown insurance, often referred to as boiler and machinery coverage, supplements your business property insurance. It covers certain costs associated with accidental breakdown of machinery or equipment and the resulting property damage or loss.
Self-service car washes are 100% reliant on equipment and machinery to provide service to their customers. If your car wash machinery breaks down or is damaged and you cannot operate, you will face a devastating loss of revenue.
Equipment breakdown coverage typically covers breakdowns due to power surges, motor burnout, boiler malfunction, and even operator error. While the name evokes images of old, outdated machines, equipment breakdown insurance includes coverage for the latest technologies. You can obtain coverage for mechanical and electrical equipment, computers and computer systems, boilers, and other types of pressure equipment.
Boiler and machinery insurance is important for car washes because it covers repair and replacement costs as well as business interruption costs. Even if you lease your building and equipment, this policy provides coverage for business interruption.
Other Self-Service Car Wash Insurance Policies
If you own a self-service car wash, you will need to consider the following types of car wash insurance in addition to those discussed above.
- Employee theft and crime insurance: This covers costs associated with employee theft and crime.
- Workers’ compensation insurance: This protects employees who are injured on the job.
- Employment practices liability coverage: This provides coverage if an employee sues you for discrimination or some other type of unlawful or damaging employment practice.
What Does Self-Service Car Wash Insurance Cost?
Self-service car wash insurance is a necessary investment in protecting your business and your livelihood. Purchasing insufficient or minimal coverage may seem like it will save you money, but if you have a claim that exceeds your coverage, the devastating costs could force you to close your doors. When shopping for self-service car wash insurance, make sure that you are choosing proper coverage limits, and most importantly, take the time to determine the true value of your buildings and property.
Insurance for a self-service car wash is likely several hundreds of dollars per month to thousands. It depends on:
- The size of your business
- The location of your business
- The number of employees
- The value of the building (if you own it) and other property and physical assets you keep on your premises
- The types of coverage and amount of coverage that you need
If you are a sole proprietor with just a few employees, you can expect to pay far less for your business insurance than a multi-location business with numerous employees.
Ultimately, the types and amounts of coverage you need to adequately cover your risks will dictate the cost of your coverage.
Find and Compare Quotes
An independent insurance agent can work with you one-on-one to determine the types and amounts of coverage you need. Your agent can get quotes from multiple insurance companies so you can evaluate the cost and coverage options and make the best choice.
Benefits of an Independent Agent
Our agents simplify the search process for finding the right self-service car wash insurance. They’ll walk you through the handpicked policy options and explain the details and options.
Most importantly, they’ll be there for you when claim time comes. They know the ins and outs of the process and will make sure your claim is handled appropriately.
The Lowdown on Online Quotes
Online quotes can be tempting. They are fast and easy to get — but are they accurate? And are you getting quotes for the right coverage? For business owners, choosing speed over accuracy can cost you.
Online quotes can’t and don’t see the whole picture. They can omit important coverage that will leave you devastated if something unexpected happens. And they can leave out cost-saving opportunities that an agent can help you take advantage of.
Instead of getting an online quote, find an independent insurance agent now, and get a one-on-one consultation and affordable options for the best coverage for your unique needs.
TrustedChoice.com Article | Reviewed by Paul Martin
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