Check with an agent or browse the Business Insurance Directory to gain more insight into what businesses we insure. A BOP can protect the things you need to stay in business and keep making sales. Loss of Income Coverage: Should an emergency strike and require repairs at your store, income can be lost during downtime. Helps pay for any claims resulting from an employee’s accident while driving a company vehicle, or their own while on company time at your retail store.
Cover losses that occur when work is interrupted or your office is closed temporarily due to a covered loss at your business. Retail Shop Insurance: Safeguarding Inventory and Assets Your inventory is essential to running a retail business, and retail shop insurance helps safeguard it by covering both its contents as well as any assets your retail establishment might possess. Accidents involving customer property can occur at any small retail business. The Allen Thomas Group .
It typically covers things such as: When operating a retail business, property can become invaluable. Liquor liability insurance: If your shop sells alcohol, you likely need this policy to comply with your state's dram shop laws and protect against lawsuits. Your products are the star attraction, while customer satisfaction keeps you engaged each day.
You can customize liability insurance to cover unique aspects of your business by adding umbrella policies. It ensures that you can rebuild or repair your physical space without a significant financial setback. Here's why you should choose us as your insurance partner:Personalized ApproachWe take the time to understand your specific needs.
Employing employees can save the day, yet also expose you to claims of unfair employment practices. If your business owns vehicles, a commercial auto insurance policy can provide valuable financial protection to you and your employees while driving a company-owned vehicle. Secure both your building and contents against loss due to fire, burst water pipes or any other incident at your business. Commercial umbrella insurance: Similar to excess liability policies, commercial umbrella policies extend coverage on a retailer's general liability, commercial auto, and employer's liability policies once their limits have been reached. Retailers know there's no such thing as one size fits all, so coverage should be tailored to fit your specific business.
A BOP typically covers:When you own a retail business, your property is priceless. Our team can help you find an umbrella policy with up to $25 million of liability protection coverage to cover losses caused by covered events. For example, combining property insurance and liability insurance can be cost-effective. You can trust us to guide you through the complexities of retail business insurance.
This type of coverage is also customizable. Business income insurance is your “ride-out-the-storm insurance.” It works with your property insurance to reimburse income lost during a covered event like fire, wind, hail, or vandalism. A variety of factors can have an effect on your premium estimate, including factors like location, type and amount of coverage needed, claims history, size of business etc. Protect Your Employees With Workers Comp.
With a nationwide reach, competitive rates, and a commitment to your success, The Allen Thomas Group is your ideal partner in securing the future of your retail business.
Should any be stolen or damaged beyond repair, insurance can help replace or repair them quickly to reduce losses and minimize downtime. Commercial Auto Insurance: For businesses that rely on vehicles for deliveries or transportation purposes, commercial auto insurance is essential. It covers medical costs for work-related injuries. If, for example, a customer slips and falls on a wet floor in your store and is injured, liability insurance could cover medical costs, legal fees and damages for which you are legally responsible. Cyber Liability insurance: Cyber liability policies can protect retailers who handle credit cards online or conduct their business online from losses associated with customer transactions or data breach.
Our expert retail insurance agents will work closely with you to create a policy that aligns perfectly with your business. Our in-house specialists will connect you with a trusted business insurance provider for a personalized retail insurance quote. Would you like to discuss the specific needs of your retail business? It can help cover lawsuits related to:If you launch an advertising campaign in a magazine, social media, or other medium, it’s important to protect your small business with this policy.
Umbrella insurance provides an additional layer of financial protection over and above the coverage limits of your other liability policies. It offers a comprehensive safety net for retailers, including:Employee Protection: Your staff is your valuable asset, and providing them with a safe working environment is a priority. General liability insurance for retailers usually includes product liability insurance, which protects against customer injuries or other damage caused by a product you sold.
We offer protection for a variety of vehicles and trailers common to retail businesses. Workers’ Compensation Liability insurance can protect your business against accidents that involve customers or visitors to your store, such as injuries from wet floors.
We're here to guide you through the maze of retail insurance, answering your questions and helping you understand why choosing The Allen Thomas Group as your insurance partner is a smart decision. You should ensure your BOP also covers goods in transit and merchandise being sent out directly to customers. Accidents involving customer property may arise at any small retail business. As a retailer, you should take measures to safeguard against theft by employees from insider trading as well.
Other policies for retailers to consider include: Business owner’s policy (BOP): This policy bundles general liability insurance with commercial property insurance, usually at a lower rate than if the policies were purchased separately. Even retail giants fall prey to cybercriminals looking to access customers' personal data. Employee dishonesty coverage is part of The Allen Thomas Group's BOP offering and should be tailored specifically to your business risks.
So it's smart to get cyber liability insurance to help protect you from the costs of a breach and to help you take the necessary steps to restore your customers' trust. If your suppliers can no longer produce goods critical to your business, such as supplies of materials for production, an agent might suggest adding dependent property coverage as an endorsement to your policy. Your final rate depends on the unique qualities of your business, including your building, location, personal property and employees.
At Small Business we help your organization protect itself against these costs by helping prevent unauthorized access or use of customer identities. Trust us as you navigate the complexities of retail business insurance. Protect your building and its contents in the case of a loss due to fire, a burst water pipe or other covered event at your business.
Prices vary based on how you buy. For example, a customer at your jewelry store might ask you to replace the battery in a watch.
We also have a team of licensed commercial auto agents who can insure your work vehicles.
Business personal property (BPP) coverage covers equipment, furniture, fixtures, and inventory used or stored within your workspace - such as equipment that belongs to you personally as well as any you rent out or use for rental purposes.
Commercial crime insurance protects businesses against financial losses caused by criminal activities like theft, forgery, embezzlement, and fraud.
Product liability insurance provides protection from legal fees, medical costs, and damages awarded against your product in third-party lawsuits brought forward against it by individuals and/or entities alleging injuries to it as a result of its use, as well as property damages caused by it.
Most establishments need both property and liability coverage. Workers' comp is also typically mandated in most states if you employ staff. Business umbrella insurance provides additional liability protection in case of legal actions brought against the store.