Protect yourself as an employer. Cyber insurance protects against losses caused by data breaches while guaranteeing the privacy and protection of customer sensitive information. Retail store policies cover various aspects, including:Property Coverage: Protecting against unexpected events such as fire, theft, or vandalism to ensure you can rebuild or repair your physical space without suffering significant financial loss is crucial.
Should a customer slip and fall in your store and sustain injuries that require medical treatment or legal fees due to being legally responsible. EPL+ defends your business in the event of any claims alleging unlawful employment practices such as discrimination or wrongful termination, by covering both legal expenses as well as potential settlement damages up to your coverage limit.
Whether you have employees driving occasionally to an off-site meeting or a fleet of drivers delivering products to customers every day, protect your business on the road. When selecting an insurance provider, consider their experience, customer reviews, the range of services they offer, and their willingness to provide a customized policy.
We also have a team of licensed commercial auto agents who can insure your work vehicles.
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.
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. Underwritten
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. As you shop for insurance policies, consider these three areas. Enhance the protection of your retail store with premium enhancements that provide additional coverage features and limits, such as sewer backup coverage, losses resulting from power supply or utility lines being damaged, increased limits for Electronic Data Process Data Media storage capacity and spoilage of perishable goods. Protect your business when your employees, products or services cause harm to other people or their property.
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.
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.
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.
Covered expenses include customer notification (often mandatory), penalties and chargebacks from credit card companies, court-awarded judgments and more. A commercial auto insurance policy is typically needed if you have a business vehicle, such as a delivery van. Commercial auto insurance: State laws typically mandate this coverage for businesses-owned vehicles, helping cover any unexpected costs should your delivery truck or other vehicle become involved in an accident. For example, we ca help get you coverage during periodic overseas travel.
For example, if a vape pen explodes and injures a customer, your general liability insurance can cover the customer’s medical bills – or legal fees if the customer sues. Are you prepared to safeguard your retail store with general liability insurance coverage? All coverages are subject to the terms, provisions, exclusions, limits and conditions in the policy itself and in any endorsements. At The Allen Thomas Group Insurance Agency we have a team of licensed commercial auto agents ready to insure your work vehicles.
Bonus: Third-party liability coverage is optional in case a patron or supplier files a discrimination claim.
An agent could suggest purchasing employment-related practices insurance to protect against potential lawsuits regarding wrongful termination lawsuits, as well as liquor liability coverage that protects against claims associated with alcohol being served at your business. An agent will help customize it for you! Cyber Insurance: In the digital age, your business is vulnerable to online threats. Experience for Retail Business InsuranceWith years of experience in the insurance industry, we know exactly how retailers experience challenges; and have the know-how to craft policies to anticipate and address them effectively. Cyber criminals are always looking for a weak spot (like maybe an outdated e-commerce feature on your website).
We believe in a hands-on, personalized approach to ensure you're covered for all contingencies. Is retail business insurance mandatory?
It may come as a shock that inventory losses caused by ORC or shoplifting theft may not be covered under their current policy unless a special rider was added specifically to cover this type of loss.
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.