Retail Insurance

When it comes to insurance of your Retail Business it is important you carry liability insurance, this is to protect you if a third party such as your customers are injured or suffer property damage due to your business operations.  This liability would cover your defense cost and settlement made against you.  The second part of retail insurance would be your building, if you own it you will want to have it covered as well as any contents you have in the building as contents are not automatically covered with your commercial insurance policy as it is your home policy. Stock and equipment are other important items you must consider when insuring your operations.

For retail operations business interruption is a fantastic coverage to have in place, this is used when your business suffers from an insurable loss and will replace any income that may have been lost or reduced due to the loss. Business Interruption coverage has both unlimited and limited coverage options.

Retail insurance is generally available on a package, which means there is additional coverage’s added to create a policy best suited for your business needs.