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.
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. The Allen Thomas Group Retail Insurance .
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. Workers' Compensation 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.
Experienced agents at The Allen Thomas Group know exactly which questions to ask and can offer guidance, including add-on policies or umbrella policies that ensure your retail business insurance meets all its protection needs.
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.
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. Liability Lawsuits
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?
Our retail insurance solutions are not only comprehensive but also competitively priced. To make sure your insurance meets all of your needs, the best way is to consult an agent. Furthermore, litigation costs could quickly add up in court proceedings brought by them against your store. We believe in a hands-on, personalized approach to ensure you're covered for all contingencies.
Our knowledgeable Claim professionals will respond to your needs with speed, compassion, integrity and professionalism. Types of Insurance Protect your employees with Workers Comp. While retail business insurance isn't mandatory in the same way auto insurance is, it's highly recommended. 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.
A BOP typically covers:When you own a retail business, your property is priceless. Liability insurance does not typically provide coverage for employee injuries, employee disputes or damage to company vehicles; each of these issues require dedicated policies. At Small Business we help your organization protect itself against these costs by helping prevent unauthorized access or use of customer identities.
Before you purchase a policy, make a list of everything inside your business that has monetary value, including the cost of the building, if you own it. Understanding the value of these items before signing an insurance contract can help your agent tailor coverage specifically to protect what's most valuable to your business. Accidents involving customer property may arise at any small retail business. Cover yourself around the world.
Imagine your retail business as an intricate jigsaw puzzle: each piece represents different facets of its operation - from your physical store, employees and inventory to liabilities and liabilities coverage. For example, a customer at your jewelry store might ask you to replace the battery in a watch. When you're ready to purchase retail insurance, speak to an agent from The Allen Thomas Group about available coverage options.
This form of cover typically includes:Inventory Protection: Retail shop insurance provides essential protection in the event of theft, fire or other covered perils; helping recover the value of lost or damaged inventory to restock your shelves as quickly as possible. Let a local agent from The Allen Thomas Group assist in tailoring a plan that best meets the needs of your business - such as Business Policy, Commercial Auto, Workers' Compensation, business life and retirement plans. To get an accurate premium estimation it is wise to speak to one of our experienced agents directly.
It typically covers things such as: When operating a retail business, property can become invaluable. 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.
Cover yourself around the world. An experienced agent from The Allen Thomas Group has the knowledge to ask the right questions, and to make suggestions, including add-ons or umbrella policies that can let you be confident that your retail business insurance provides the right protection for your situation. Insurance As part of The Allen Thomas Group's business insurance package, you will gain access to comprehensive loss control tools and resources, including our Loss Control Services team which will review operations, procedures, and programs within your operations. If the watch is accidentally scratched during the process, general liability insurance can help cover the cost of repairing or replacing the watch.
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. 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. Insurance
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.
Yes, retail store insurance typically covers a variety of customer-related risks such as slip and falls, product liability, and more.
Most retail store insurance policies include cyber liability coverage to help protect against data breaches, hacking, and other computer security threats.
Yes, most retail store insurance policies typically provide coverage for property damage.
Know which items are at risk. Educate staff members to watch out for theft. Publicize the consequences of shoplifting and pay attention to dressing rooms when publicizing these consequences; engage customers; schedule accordingly, install cameras and mirrors, and engage them as a preventive measure.
Yes, most retail store insurance policies have a deductible that must be paid before the insurer will cover any losses or damages incurred by the business.