Thrift stores and consignment shops are more popular than ever, but the boost in resale has led to more lawsuits related to customer injuries, property damage, and other risks. Thrift store insurance can protect the financial health of your store in the event of a costly lawsuit or accident.
These insurance policies cover the most common risks faced by thrift stores.
This policy bundles commercial property insurance and general liability coverage in one plan. A BOP is often the most cost-effective type of commercial insurance for consignees.
This policy covers basic third-party risks, such as a shelf collapsing and injuring a customer or consignor. Bundle it with commercial property insurance for savings in a business owner’s policy.
Most states require workers' comp for thrift and consignment stores that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
This policy helps thrift stores and secondhand shops survive data breaches and cyberattacks. It's recommended for any shop that handles credit card numbers or other sensitive information.
Once a thrift shop reaches its policy limit, umbrella insurance (or excess liability insurance) boosts coverage on general liability, employer’s liability, and commercial auto insurance.
State laws usually require this coverage for business-owned vehicles. It covers the cost of accidents involving a thrift store's truck or other vehicle.
It's easy to get consignment store insurance and used clothing store insurance if you have your business information on hand. Our application will ask for basic facts about your shop, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
Insureon's licensed insurance agents work with top-rated U.S. providers to find the right insurance coverage for your secondhand store or clothing store, whether you work independently or hire employees.