There’s one business in the United States that has grown at an unprecedented pace in the last five years. You might be thinking, “Oh, it’s AI or bitcoin, right? Maybe even Tik Tok?” But no, that’s not it. Everywhere you look, it’s beckoning you. If you drive a car, it crosses your mind on a regular basis. What is this mysterious phenomenon sweeping our cities? I’m talking, of course, about car washes.

The car wash industry has seen significant expansion, growing steadily with projections estimating continued upward trends. With approximately 280 million vehicles driven by private citizens, it’s not surprising that the market is expected to double by 2030.

Buckle Up for Success

Part of the growth in the car wash industry can be attributed to advances in technology and equipment that make it easier than ever for customers to swing through for a quick wash between errands. However, new technologies mean new challenges for car wash owners and insurance providers.

• Equipment malfunctions: Complex machinery increases the likelihood for breakdowns, leading to potential business interruptions.
• Property damage: If not operating properly, high-pressure equipment and automated systems could damage vehicles.
• Slip-and-fall hazards: Wet surfaces and chemicals can create a precarious situation for customers and employees.
• Cybersecurity: Digital systems for payment and customer data enhance convenience but also expose owners to data breach risks.

You can mitigate some of these risks with simple solutions like regularly scheduled equipment maintenance and implementing safety protocols to reduce accidents, but with unique needs and continued growth, car wash owners need insurance programs designed by partners who know the industry inside and out.

Wash Your Risk Away

Car washes don’t just keep your car shiny and clean – they protect against corrosion and help maintain your vehicle’s value over time. A comprehensive risk management and loss control strategy does the same thing. Our experts at Holmes Murphy can design insurance programs that protect your business; so, you can rev up for the future. Stay tuned for an exciting announcement about our specialized insurance programs for car washes! Contact us today to learn more.