10 Mar Antique Store Insurance
Antique Store Insurance
Every Antique Store is different, however, there are several Insurance coverages that every Antique Store should carry. We will explain the basic Insurance coverages that every Antique Store should acquire.
Antique Store Insurance – Business Personal Property
Every Antique Store has Business Personal Property, and often times this property is valuable. What would happen if your Antique Store had a total loss? Would you be able to replace your inventory? If you own or manage an Antique Store, you should be asking yourself this question. Business Personal Property Insurance can cover your inventory, computers, and other important Business Property that you rely on. This coverage is affordable and can truly make the difference if you were to experience a large claim.
Antique Store Insurance – General Liability
Like with most Retail Stores, Antique Shops often derive a lot of their business from walk-in customers. These customers may fall and injure themselves, which is something your business may be liable. General Liability is an important coverage for this reason. In addition to covering bodily injury, your General Liability policy can cover damage to rented premises, medical payments, and much more. In some cases, you can purchase a $2,000,000 General Liability policy for just $400 annually from an A Rated, preferred carrier.
Antique Store Insurance – Workers Comp
Again, like with most Retail Stores, Antique Stores often have employees. These employees should be covered under a Workers Comp policy. When shopping for Workers Comp, make sure you have your employee payroll split accordingly depending on their duties. Clerical Employees should be classified as such, just as salespersons should be classified as salespersons. Correctly classifying your employees can save you a lot of money on your Workers Comp. If you are not sure how to do this, we are here to help.
Give us a call to learn more. You can reach our Small Business Specialist at 925-297-4829.
All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.