Each piece represents a different aspect of your operation, from your physical store to your employees, inventory, and liabilities. It protects your small business from the high costs of lawsuits and helps you qualify for leases and contracts. A retail store needs a Business Owner's Policy that covers general liability and property, including the store, its contents, which includes stock on or away from premises, and loss of income. Your business is unique, and your insurance should reflect that. The Allen Thomas Group .
That's just what you get from a Retail Business Policy with The Allen Thomas Group. As a retailer, you could be affected by a disaster that strikes your store, your warehouse or a major supplier.
S. - physical retail stores as well as online businesses alike - no matter where they're based or how they operate we have you covered! Retail stores require a Business Owner's Policy that protects them against general liability and property, such as building itself and contents within it, stock either on or away from premises and loss of income. That's where we, at The Allen Thomas Group, step in to safeguard your retail enterprise.
Without adequate insurance, you're exposing your business to significant financial risks. Extends some property and liability coverage features for periodic overseas business travel.
Business Insurance for Retailers: Securing OperationsRetail business insurance provides retailers with an effective safety net that includes: Employee Protection: Your staff are an asset and providing them with a safe working environment is a top priority. But every good captain knows the value of having an insurance anchor that protects against stormy waters; that is where we at The Allen Thomas Group come in to provide your retail enterprise with protection. Retailers
Imagine that an electrical fire breaks out in the back office where you store your company's computer systems, your security camera equipment and your shop's extra inventory. EPL+ helps cover your legal expenses as well as potential settlement damages, up to the coverage limit.
Furthermore, litigation costs could quickly add up in court proceedings brought by them against your store. General liability insurance protects your shop when a competitor alleges you copied their logo or caused irreparable harm to their reputation.
For example, we can help you get an umbrella policy with up to $25 million in additional liability coverage to cover the costs of a covered loss.
Employee dishonesty coverage is included in the BOP offered by The Allen Thomas Group.
An e-commerce retailer without employees or storefront can typically expect their insurance costs to be considerably less than brick-and-mortar retailers with numerous employees, making this coverage essential for retailers.
Identity fraud expense reimbursement coverage is included for employees, with optional third-party liability protection in case patrons or suppliers file discrimination claims against your company. If possible, maintain a backed-up digitized file of scanned receipts for items after you purchase or upgrade them. If it can happen to them, then it could happen to yours too. Business Property Insurance: This component covers your equipment for business use, such as cash registers, computers and display units.
Your business is unique and your policy should reflect that. Protect you and your business if one of the products you sell at your retail store causes bodily injury or property damage. Your retail store is the heart and soul of your business, and it's crucial to protect it.
At The Allen Thomas Group, we specialize in creating solutions specifically tailored to meet the specific needs of retail businesses - be they brick-and-mortar stores, boutique shops or an online retail empire. If you advertise, your retail business could be susceptible to advertising injury lawsuits. Retailer insurance policies specifically tailored to protect them can offer vital protection from accidents or any unexpected mishaps that might arise in operation.
Retailers know there is no such thing as one size fits all coverage - tailor it specifically to fit your particular business. If these assets are stolen or damaged, your insurance can replace or repair them, minimizing your losses.
A BOP often costs less. Plan for a data breach.
If a customer slips and falls in your store, this coverage can help cover their medical expenses and legal fees, saving you from a costly legal battle. We explore how small to mid-sized companies are vulnerable, what's at stake and ways they can be protected against hacking attacks and data breaches. Your inventory is the lifeblood of your retail business. Several different types of insurance — with policies specifically tailored to the needs of retail businesses — can help protect them from a range of accidents and mishaps.
Workers’ compensation insurance: Workers' comp is required in almost every state for stores that have employees. Retailers need general liability insurance for key exposures such as product liability, premises liability, and personal and advertising injury liability. Liability insurance can be thought of as your “customer insurance.” It can cover your business against accidents that affect customers or other visitors to the store.
You'll have the property and liability protection that you feel is right for you because an agent can help you customize your coverage. It helps cover costs if your retail shop's delivery truck or other vehicle gets into an accident. How can I file a claim if something occurs with my retail business?
As a retail shop owner, you need insurance coverage tailored to your line of work. Protect you and your business if one of the products sold at your retail store causes bodily injury or property damage, with an umbrella liability policy providing additional layers of coverage when other policies cease providing cover. This is an essential coverage for retailers. Here's why choosing us as your insurance partner would be wise:
Personalized Approach At our retail insurance agents, we take the time to understand your individual requirements.
Each of these issues requires separate insurance coverage. When filing claims with your insurance company for damage to items purchased and paid for through purchases and payments, having records outlining what has been purchased helps your adjuster assign value to what needs replacing. Ensure your BOP includes this important coverage, which protects your business when it is shut down temporarily due to a fire or other covered loss.
You can't run the business, answer the phones and ring up the purchases by yourself. For example, a small e-commerce retailer without employees or a storefront can expect their insurance to cost much less than a brick-and-mortar retailer with multiple employees. Loss of Income Coverage: When disasters strike, and your store needs repairs, you may lose income during the downtime.
This information provides only an outline of coverages available for various forms of insurance and is not a contract or statement of agreement. Liability insurance does not typically provide coverage for employee injuries, employee disputes or damage to company vehicles; each of these issues require dedicated policies. While general liability covers many common risks, it does not offer complete protection.
Product liability insurance is an integral component of retail operations. Not only can it cover legal and financial risks associated with products sold, but it can also act as protection should anything go wrong with those products sold by retailers.
Negligent Maintenance of Property Is Defined: To define "negligent maintenance of property", any store operator who failed to use reasonable care and identified conditions on their premises that created undue risks of harm and was aware or should have known about them was guilty of negligent maintenance of the property.
Retail business insurance will protect your retail company against liabilities like customer accidents, property damage and theft, employee injuries and illnesses, as well as customer disputes.