Costly Insurance Coverage Mistakes with Larry Trapani & Joel Blitzer

As insurance premiums continue to rise, are you sure your business is even covered? Are you paying for coverage you don't even need? Are items missing from your policy that could cause you devastating losses? Larry Trapani & Joel Blitzer of The Laundromat Millionaire Insurance Program join Dave & Carla on this episode of The Laundromat Millionaire Show to discuss these questions and more. This is a must-listen episode for every laundromat owner!Referenced Links: The Laundromat Millionaire Insurance Program: https://laundromatmillionaire.com/insurance/Our Website: https://www.laundromatmillionaire.comOur Online Course: https://dave-menz.mykajabi.com/sales-pageOur Youtube channel: https://youtube.com/c/LaundromatMillionaireOur Podcast: https://laundromatmillionaire.com/podcast/Our Facebook: https://www.facebook.com/laundromatmillionaire/Our Facebook Group: https://www.facebook.com/groups/laundromatmillionaireOur LinkedIn: https://www.linkedin.com/in/dave-laundromat-millionaire-menz/Our Instagram: https://www.instagram.com/laundromatmillionaire/Our laundromats: https://www.queencitylaundry.comOur pick-up and delivery laundry services: https://www.queencitylaundry.com/deliveryH-M Company Drain Troughs: https://www.draintroughs.comLaundroBoost Marketing Company: https://laundroboostmarketing.com/The Laundromat Millionaire Insurance Program: https://laundromatmillionaire.com/insurance/Suggested Services Page: https://www.laundromatmillionaire.com/servicesWDF & Delivery Dynamics: A Complete Business Blueprint: https://laundromatmillionaire.com/wdf-delivery-dynamics-a-business-blueprint/WDF & Delivery Workshops: https://laundromatmillionaire.com/pick-up-delivery-workshop/Episode with Brian Grell: https://youtu.be/NLcTQ-3eA20Episode with ADP: https://laundromatmillionaire.com/laundromatmillionaire_videos/stress-free-payroll-solutions-w-justis-mullins/Timestamps00:00 Service Provider Spotlight – Aura Detergents01:35 The Laundromat Millionaire Show Intro02:36 Decades of Experience Insuring Laundromats11:26 The Changes in Agent and Broker Training14:17 How a Broker Protects You16:32 Rules on Switching Policies20:22 Increasing Premiums and Refusals to Insure23:48 What Owners Can Do to Mitigate Risks28:55 How Your Business Model Affects Your Premiums32:25 Common Reasons Laundromats are Mistakenly Underinsured39:55 The Right Size Deductible and Avoiding Small Claims41:31 Insurance on Loss of Business43:00 Insurance on Loss of Cash43:52 Misclassifications on Insurance Policies48:07 Events Your Broker Needs to Know49:28 Bailee Insurance Coverage – What Is It & Do You Need It?53:19 Dangers of Only Shopping Price55:44 Worker’s Compensation Insurance57:00 Final Thoughts