It’s never fun to think about the risks your dry cleaners business faces, but ignoring them will never make those risks go away. Knowing exactly what you are and are not covered for is, in some situations, the difference between being closed for a week and your business having to close its doors permanently. There are many different types of risk a dry cleaners faces. Those risks can be dramatically different from the risks of a painter, an electrician or even a lawyer. If your machinery breaks and you have to be closed for a few weeks while you wait for a part, will your insurance cover that down time? If you damage a clients clothes and your business gets sued, will your insurance cover the lawsuit. If an employee is hurt on the job, how much and what types of medical coverage will your insurance pay for. These are questions you need to have the answers to when you are deciding to buy workers compensation insurance for your dry cleaning business.
Partnering with an independent insurance agent is a good place to start. Independent agents have the ability to shop your workers compensation insurance policy around to many carriers and not just one or a select few. Not all carriers excel at every industry. Some provide better coverage at better prices for certain industries depending upon the appetites of each carrier. Independent agents know what carriers work better with different industries. If you can take just a few moments to let your agent know about the intricacies of your business and the priorities of you as a business owner, they can more than likely find the best coverage to meet your unique needs.
Dry Cleaners Liability Classification Codes
Commercial insurance companies use various liability classification systems in order to classify and rate coverage premiums for Dry Cleaners. Here are the most common business insurance classification for businesses that perform dry cleaning services:
Business Liability Category: Service Business
SIC Business Insurance Codes:
• 7216- Drycleaning facilities- Except Rugs
• 7216- Drycleaning and Laundry- Coin Operated
NAICS Liability Classifications:
• 812320- Dry Cleaning and Laundry Services (not coin operated)
• 812310- Coin Operated Dry Cleaning and Laundry Store
Business ISO General Liability:
• Code: 14732- Dry Cleaners and Laundry Stores Front (receiving station)
• Code: 14733- Dry Cleaners and Laundry Store
• Code: 45678- Dry Cleaning and Laundry Plants
Common Workers Compensation Class Codes:
• 2586- Dry Cleaning Plant- All Employees
• 2589- Dry Cleaning or Laundry- Retail Store and Drivers
• 2590- New York- Dry Cleaning or Laundry Store
• 8017- Retail Store (Pick-up and Drop-off only)