A linen supply service is a type of business that provides different types of linens to businesses, hotels, and hospitals. The linens include bedding, diapers, towels, linen supplies, and even company uniforms. Your business has the potential for great success, but you also need to be aware of your risks. Professional mistakes, unexpected events, and damage to your property are all risks that can be covered by business insurance.
Types of Linen Supply Services
There are a variety of insurance policies applicable for a linen supply services business. Choose from these policies for the best amount of coverage:
General liability insurance includes several areas of coverage. It covers premises liability, products liability and completed operations. Premises liability is to cover any accidents or injuries that occur on your property. To illustrate an example: If after washing linens, the washing detergent spills on the ground and a client slips in this area before it is cleaned up, you are responsible for their injury. General liability will cover those costs. Completed operations is for any services you provide, such as custom linens, that might in turn cause damage or injury.
Business auto insurance is a commercial auto policy that covers things like car accidents and theft. If you get into a collision with your own car while meeting a linen vendor, any damage to your car, other cars, or bodily injuries, are covered by the policy. You can also choose to add theft and vandalism coverage as well.
There are a number of accidents and unexpected events that could occur on your business property. Each of these poses a significant risk for your linen supply services business. A fire or flood could easily destroy all of your merchandise, not to mention the risk from more serious disasters like tornadoes, hurricanes or earthquakes. Protect your business property and contents with the help of business property insurance as part of your linen supply services insurance coverage.
Cyber liability insurance is a special type of policy to protect you from cyber crimes. If your linen supply services business has a website listing your services, you need to have this protection. Getting a virus or being hacked through your site doesn’t just affect you, but your clients visiting as well. Any damage caused by the cyber crime automatically becomes a liability and you are responsible for the legal and financial ramifications. With cyber liability insurance, you release some of this financial burden.
Workers’ compensation is an insurance policy meant to offer your employees coverage. When working in a linen supply services company, workers are at risk for a number of injuries, including exposure to chemicals, injury to their eyes, or skin irritation. If any of these occur, it is considered a work-related injury, which means the recovery and medical costs are covered by worker’s comp. Make sure to have this policy for all of your employees, but also educate them on proper safety in the workplace to reduce risks.
Linen Supply Services Crime Insurance
Cyber crimes are not the only ones you need to be aware of. You are also at risk for other crimes, such as theft, embezzlement, fraudulent activity and vandalism. If you are making a trip to the bank for deposits and someone steals your money bag, that loss is covered by crime insurance. The same can be said for any vandalism to your business property, or dishonest employee acts, such as embezzlement.
Protecting your business from different risks should be top priority. This includes getting linen supply services insurance, which helps to keep you from suffering financially as a result of crimes, unexpected events, or accidents that could not have been prevented