We offer a variety of insurance coverage types specifically designed for retail stores.
Commercial General Liability for General Liability for Retail Stores
General liability insurance protects you against third-party claims for property damage and personal harm. If anyone should claim that you or one of your employees caused them injury or damage to their property, you could be facing an expensive lawsuit.
Commercial general liability insurance pays for defense costs in the event that these claims lead to litigation. This coverage also includes forgone income during your time spent in court and compensation fees.
Retail stores carry a relatively high risk for general liability claims which is why we strongly recommend purchasing general liability insurance for your retail store. We can insure that your retail business will not suffer financial detriment as a result of one of these potential risks.
Workers’ Compensation Insurance for Retail Stores
You may need workers’ compensation to cover any employees in the event of an injury on the job or suffer a work-related illness. Workers’ compensation insurance pays for their medical expenses and some lost wages as a result of their ailment. As the business owner, you can also cover yourself for any injuries or illnesses sustained from work.
Retail workers are exposed to a variety of perils while on the job, which is why workman’s compensation insurance is a necessary insurance policy for industry business owners to purchase. Some states may mandate that as a business owner you provide workers’ comp coverage for your employees. Be sure that you understand your state’s laws regarding workers’ compensation requirements.
If you have any questions, our retail insurance experts can help you find information about workers’ compensation insurance requirements within your state. Consult with one of our agents today!
Property Insurance/ Business Owner’s Policy (BOP) for Retail Stores
The Business Owner’s Policy, or BOP insurance, the most comprehensive insurance package that retail store owners can purchase. This package incorporates general liability coverage with property coverage into one, simple package covering a wide range of potential risk exposures.
Our retail specialists can provide property insurance to protect your business’s property such as inventory and even cash registers.
Let our retail experts help you and your business get an insurance package tailored to you and your business’s needs.
Hired and Non-Owned Auto for Retail Stores
Sometimes your employees may have to travel to pick up inventory or drop off products for a customer. If your employees use company-owned vehicles as part of your business operations, then hired and non-owned auto insurance is a necessary policy.
Our hired and non-owned insurance policy can also protect your business if you must rent or lease vehicles as part of your business operations. Let our retail insurance experts protect your company-owned or rented vehicles from accident damages.
- Purchase adequate security systems to prevent theft.
Burglary alarm systems and security cameras are two easy measures you can make to prevent theft or support your claim in the event that a theft has taken place.
- Be sure to use proper signage to alert customers when the floor is wet.
Maintaining a clean environment for your customers and employees is important however, wet floors can present a danger. Be sure to adequately alert all those in that area of the slippery conditions.
- Be sure to take inventory on a regular basis.
Your inventory is your livelihood. Be sure to check your inventory both in the beginning and the end of day to ensure that you are not losing revenue to employee or customer theft.
Insureon provides customized insurance coverage to a variety of retail businesses, including…
- Art, Hobby or Party Supply Stores
- Athletic Apparel or Equipment Sellers
- Bridal Shops
- Clothing Stores
- Computers, Electronics, & Small Appliance Vendors
- Drug/Convenience Stores
- E-Cigarette Retailers
- Equipment, Fixtures, & Supply Sellers for Bars and Hotels
- General Merchandise Stores
- Gifts or Collectibles (e.g., Greeting Card Stores)
- Hardware/Home Improvement Stores
- Health & Beauty Shops
- Home Décor & Window Treatment Stores
- Jewelry Stores
- Luggage or Leather Goods Vendors
- Music, Books, & Video Sellers
- Office Equipment and Supply Stores
- Optical Goods Stores (Opticians)
- Paint, Wallpaper, & Wall Covering Sellers
- Pet Supply Stores
- Pool Supply Stores
- Shoe Stores
- Trophies and Awards Shops
- Vision Centers (Optometrists)