Business Insurance for Retail Stores
You can’t open without satisfying your landlord’s lease requirements for your retail store – Get a free quote now!
Success in retailing has risks that deserve to be insured. A customer slip & fall is a risk for any business, but retail stores are at higher risk to this “Public Liability” because of the large number of customer visits. Most retail stores have a substantial investment in goods for sale, sales fixtures and improvements to their leased location. Retail stores are at an increased risk for crime. If you suffer damage, reopening quickly is particularly important to retaining your clientele and attracting new customers. We can provide a package of business insurance coverage customized to meet your specific store requirements.
Retail Stores can have a large staff of salesclerks, managers and support employees. Working at a retail store can involve considerable physical activities such as lifting, carrying inventory and walking around the store that increases the risk of an employee getting hurt while at work. As a store owner, consider being protected with a Worker’s Compensation policy.
Small and mid-sized business, like local retailers, are particularly vulnerable to disputes over discrimination in hiring, promotion and other employment situations. Employment Practices Liability Insurance can be an important component of your company’s overall protection.
Some retailers offer delivery services and use company owned vehicles. Owning a business auto can be an added liability and a valuable asset which needs insurance protection.
One of our agency salesmen had a long career in retailing before transitioning to insurance sales. You can read David’s essay about his experience and insights: It’s Your Store – Small Store Retailing