It typically covers things such as: When operating a retail business, property can become invaluable. The Allen Thomas Group Retail Insurance . Can I bundle different types of retail insurance? Should any be stolen or damaged beyond repair, insurance can help replace or repair them quickly to reduce losses and minimize downtime. Our goal is to assist in your journey through this maze by answering questions about The Allen Thomas Group as your insurance partner and showing why choosing us as such an informed choice can only bring positive outcomes. Commercial auto insurance: State laws usually require this coverage for business-owned vehicles.
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. If your suppliers are unable to produce goods your business depends on, for example, an agent might suggest a dependent property coverage endorsement. Slips and falls have the potential to be a serious source of injuries among your employees and visitors. Workers' Compensation insurance: In most states, workers' comp is mandatory for businesses that employ staff.
General liability policies provide essential protection from these potential claims or lawsuits that arise as part of conducting their businesses. Add commercial auto coverage. If you run a small retail shop, you may be able to bundle general liability insurance with commercial property insurance in a business owner’s policy. 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.
Cyber criminals are always looking for a weak spot (like maybe an outdated e-commerce feature on your website). Slips trips and falls have the potential to be a major cause of injury for your employees and visitors. It helps cover the cost of a data breach or cyberattack. Are you prepared to safeguard your retail store with general liability insurance coverage? Is retail business insurance mandatory?
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. Just like a puzzle, your retail business has unique characteristics that require a customized approach to insurance. Check with an agent or browse the Business Insurance Directory to gain more insight into what businesses we insure.
All coverages are subject to the terms, provisions, exclusions, limits and conditions outlined within your policy and any endorsements. An umbrella policy is a good idea for retailers, who face multiple types of liability.
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. We offer protection for a variety of vehicles and trailers common to retail businesses.
As a retail shop owner, you may need coverage when you travel, whether for a buying trip or a visit to a manufacturing facility. At The Allen Thomas Group, we understand that one size does not fit all when it comes to retail business insurance.
With this coverage, lost wages may be replaced, medical treatment paid for and business assets can be safeguarded in case an employee sustains serious injuries at your retail store. 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. Retail Business
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.
Absolutely, bundling multiple types of retail insurance may often prove cost-efficient; for example combining property and liability policies could provide significant cost-savings opportunities - we can help you select a package tailored to meet your unique requirements.
General liability insurance shields you when customer property is damaged.
BIEE coverage can help replace your income and expenses like rent, payroll, and other financial responsibilities while your property is being repaired or replaced. 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.
Trust us as you navigate the complexities of retail business insurance.
At The Allen Thomas Group Group Insurance Services, we provide protection for a range of vehicles and trailers commonly found within retail businesses. Get coverage to help recover losses from employee theft at your store.
General liability insurance protects your shop when a competitor alleges you copied their logo or caused irreparable harm to their reputation. Here are just a few of the ways the day can suddenly go sideways for a retail business:Your retail business is as unique as your products, so how do you decide what coverage to get? General liability coverage provides your small business with protection from common risks such as customer injuries, property damages and advertising injuries, protecting them against high legal costs while helping qualify for leases and contracts. Business Insurance For instance, if your vape pen accidentally cause injury to customers, general liability coverage could cover their medical bills as well as legal costs should they sue.
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. It ensures that you can rebuild or repair your physical space without a significant financial setback. Protect you and your business if one of the products you sell at your retail store causes bodily injury or property damage.
The best way to get an accurate premium estimate is to consult with our experienced agents. Our reach extends to both physical retail stores and online retail businesses. Retailers need general liability insurance for key exposures such as product liability, premises liability, and personal and advertising injury liability.
Consult with an agent, who can help you customize coverage so you can get back to focusing on getting your products into the hands of your customers. Our expert in-house specialists will connect you with a reputable business insurance provider so they can give you a tailored retail insurance quote. This traffic increases the chance of someone being injured or their belongings damaged.
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.
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.