Clothing Store Insurance

Clothing Store Insurance

Every Clothing Store is unique in that they offer different types of clothing, have different layouts, and cater to different clientele. Regardless of the type of Clothing Store you own or manage, there are some basic coverages you should purchase for your store.

Clothing Store Insurance – General Liability

General Liability Insurance is one of the most common, affordable policies you can purchase for your Clothing Store and there are countless programs available to those interested. This type of policy is particularly important because Clothing Stores tend to have a lot of foot traffic, which in turn can lead to falls and injuries. There are many additional coverages available on the General Liability policy for Clothing Stores. We will go into more detail on these coverages below.

Clothing Store Insurance – Business Personal Property

In addition to the General Liability policy, you can add Business Personal Property coverage. This is a great coverage for any Clothing Store because the business relies on its clothing inventory for conducting business. If there is a large claim that damages all of the inventory, the Business Personal Property coverage may save your business. You can elect to cover your clothing inventory, computers, furniture, and other items that are imperative to conducting business.

Clothing Store Insurance – Additional Coverages

There are a few additional coverages that are important for Clothing Stores. You can purchase an endorsement for your Business Property called Business Income. Business Income coverage will pay you for lost income that may occur as a result of a covered property loss. This type of coverage is optional, but can be a life saver if a large claim occurs.
Another important coverage is Workers Comp as this coverage is required for any Clothing Store that has employees. Workers Comp rates can vary dramatically between carriers so make sure you work with a Broker that knows the markets and will work to shop your policy.

If you would like to learn more about Insurance for your Clothing Store, give us a call 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.