Insurance for Your Retail Store

Insurance for Your Retail Store

Retail stores, like any business, have exposures that are important to properly insure. There are many different options to choose from when purchasing Insurance for your retail store. We will go over the most important coverages to assist you in your purchasing decision.

Insurance for Your Retail Store- General Liability

General Liability is a very important coverage for any retail store. It is affordable, easy to obtain, and provides a lot of coverage. General Liability will protect you against Bodily Injury and Property Damage claims that may occur from your business operations. For example, if one of your customer falls and injures themselves at your store, you may be held liable for the damages associated with this accident.

Insurance for Your Retail Store- BOP’s

Business Owners Policies, also known as BOP’s are a type of Business Insurance that includes General Liability and Business Personal Property in a single policy. There are many benefits to going with a BOP over a standalone General Liability policy. Purchasing a BOP will be easier to manage as it is a single policy with a single policy number. In addition, you get the added benefit of having your Business Personal Property covered, which is great for covering inventory, computers, and other miscellaneous items that your retail store depends on.

Insurance for Your Retail Store- Workers Comp

Most retail stores have employees. If your store has employees, you are required to purchase a Workers Comp policy. Workers Comp will cover medical costs associated with your employee if they are injured while working. While Workers Comp does tend to be one of the more expensive coverages, there are ways at reducing the costs.

If you would like to learn more about Insurance for retail stores, give us a call! You can reach or retail store Insurance 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.