22 Sep San Francisco Retail Store Insurance
San Francisco Retail Store Insurance
Retail Stores in San Francisco should consider different Insurance coverages and limits than similar stores in other areas. There are several reasons for this and we will explain in further detail below. If you own or manage a San Francisco Retail Store, this is the blog for you.
San Francisco Retail Store Insurance – General Liability
General Liability is an important coverage you likely already have for your San Francisco Retail Store, however, it is critical you have the right limits of liability. For example, many people do not realize that the price difference to double your General Aggregate from $2MM to $4MM is often times very little. In addition to increasing your General Aggregate, you can often times increase other important limits for a nominal cost.
San Francisco Retail Store Insurance – Damage to Rented Premises
Another important coverage that should be increased is the Damage to Rented Premises. This coverage is very important for San Francisco Retail Stores that rent the premises they occupy. This coverage should be increased for one very simple reason, real estate in San Francisco is expensive. If your Retail Store causes a large claim on the building, the minimum limits often will not suffice. Not every carrier offers increased limits for this coverage, so check with Broker to see what options are available.
San Francisco Retail Store Insurance – Property Insurance
If you do own the property your San Francisco Retail Store operates out of, it is important you are covered to the proper replacement cost. San Francisco replacement costs are much higher than similar buildings in other parts of the country. It is critical you are insuring the building to the full replacement cost. If you are unsure what the replacement cost should be, contact us and we will prepare a insurable value estimation.
If you would like to learn more about the right coverages for your San Francisco retail 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.