EPL+ defends your business in the event of a claim alleging a wrongful employment practice, such as discrimination or wrongful termination. Small Business Retail Cyber Insurance is critical to defend against failure and to prevent unauthorized access to, or use of, customer identity information. Retail store insurance covers various aspects, including:Property Coverage: This guards against damage to your store due to unforeseen events like fire, theft, or vandalism. You can customize liability coverage to fit unique aspects of your business by purchasing additional umbrella policies. It protects against lawsuits and other financial liabilities that result from a variety of incidents like customer injury. The Allen Thomas Group Retail Insurance .
With so many electronic transactions happening both online and at point of sale, hackers or compromised systems pose serious threats. Retail Store Insurance: Protecting Your Physical SpaceA retail store is at the core of your business, so protecting it with insurance should be top of mind. If your wheels power your business, you'll need to add commercial auto coverage. Business income insurance provides your "ride-through-the-storm insurance."
We believe in giving you peace of mind without breaking the bank. Paired with property coverage, this coverage reimburses any income lost during a covered event like fire, windstorm, hailstorm or vandalism that temporarily shuts down operations - for instance due to hailstorm damage repair costs. Retail Store 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.
Our experienced insurance agents are here to listen to your unique needs and concerns, offering personalized insurance solutions that cater to your business's specific risks. 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.
You can trust us to guide you through the complexities of retail business insurance. Our knowledgeable Claim professionals will respond to your needs with speed, compassion, integrity and professionalism - keeping you running with confidence!
When you're ready to buy retail insurance, reach out to an agent at The Allen Thomas Group about your coverage options. Retail business insurance protects you against liabilities like customer mishaps, property damage, theft and employee injuries and illnesses.
We provide insurance by phone, online and independent agents alike. We know the challenges that retailers face, and we have the expertise to craft policies that anticipate and address these challenges effectively. Extensive ExperienceWith years of experience in the insurance industry, we've seen it all. Retail business insurance from The Allen Thomas Group offers you peace of mind, allowing you to focus on what you do best - serving your customers and growing your business.
If your business owns vehicles, a commercial auto policy can provide essential financial protection to both you and your employees while using company vehicles for company business. Would you like to discuss the specific needs of your retail business? Insurance That's where we, at The Allen Thomas Group, step in to safeguard your retail enterprise.
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. Retail business insurance provides protection from liabilities such as customer injuries, property damage, theft and employee injuries or illnesses. EPL+ helps cover your legal expenses as well as potential settlement damages, up to the coverage limit.
Each piece represents a different aspect of your operation, from your physical store to your employees, inventory, and liabilities. 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. Employee injuries or inventory damage may arise at any retail business.
What should I consider when choosing an insurance provider? You can customize liability insurance to cover unique aspects of your business by adding umbrella policies. 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.
While any small business needs to plan for the unexpected burst pipe, fire or lightning storm, retail businesses also face other risks, from data breaches to derailed shipments. Insurance doesn’t have to be complicated.
It protects your small business from the high costs of lawsuits and helps you qualify for leases and contracts. Having employees saves your day but also opens you up to claims of wrongful employment practices.
Furthermore, our coverage extends some property and liability features during periodic overseas business travel.
Employee dishonesty coverage is part of The Allen Thomas Group's BOP offering and should be tailored specifically to your business risks. An agent might suggest employment-related practices insurance to cover your company in the event of a wrongful termination lawsuit, or liquor liability insurance that can protect your company against claims resulting from alcohol being served at your business. Extends some property and liability coverage features for periodic overseas business travel. Cyber Insurance: In the digital age, your business is vulnerable to online threats.
Not all businesses can avail themselves of certain coverages/services offered herein and their availability may also depend upon certain state jurisdictions. As a retail business owner, you are constantly juggling multiple responsibilities. Plan for a data breach.
Competitive RatesCost can be an important consideration when purchasing insurance, which is why our retail solutions offer comprehensive protection at highly competitive prices. If your watch becomes accidentally scratched during production, general liability insurance can help cover the cost of repair or replacement as well as legal expenses associated with any potential customer lawsuits, such as hiring an attorney. It covers accidents, damage, or theft involving your business vehicles. Retail Business
We also include identity fraud expense reimbursement coverage for employees. 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. Retail business insurance is like the master key to your entire operation.
Worker's compensation insurance ensures that employees receive necessary medical care and wage replacement if they get injured on the job. Retailers usually acquire general liability and product liability policies to protect themselves against customer injuries caused by products sold. This type of insurance includes:Inventory Protection: In the unfortunate event of theft, fire, or other covered perils, retail shop insurance helps you recover the value of lost or damaged inventory, allowing you to restock your shelves. Umbrella insurance provides an additional layer of financial protection over and above the coverage limits of your other liability policies. If you employ full-time or temporary employees during the holiday season, or are required by law to provide them with workers comp coverage, providing it is worth considering as an added layer of protection both for yourself and for them.
One example of this coverage, Employment Practices Liability+ (EPL+), defends you from claims alleging wrongful employment practices, such as discrimination or wrongful termination. Protect those who work for you. If possible, maintain a backed-up digitized file of scanned receipts for items after you purchase or upgrade them. Workers’ compensation insurance: Workers' comp is required in almost every state for stores that have employees.
Even if it's not required, it's worth considering as a way to help protect you and your employees. 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. If the customer decides to sue, this policy can also cover your legal expenses, including the cost of hiring a lawyer. An umbrella liability insurance policy will offer an extra layer of protection when other liability coverages stop.
Our team of specialists can tailor coverage specifically to the risks faced by your business; therefore, costs will differ accordingly. Protect your business from liability risks if an employee should claim wrongful employment practices. Auto Insurance: If your retail business relies on vehicles for deliveries or transportation, commercial auto insurance is a must. Business Property Insurance: This component covers your business equipment, such as cash registers, computers, and display units.
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. It helps cover costs if your retail shop's delivery truck or other vehicle gets into an accident. Convenience stores, pharmacies, vape shops, and other retail stores open their doors to customers every day. Every business is exposed to different types of risk, so costs vary from business to business. While general liability insurance covers many common risks, it does not provide complete protection.
Working alongside you, they'll craft an insurance policy tailored specifically for your business - providing hands-on support with each policy we create so you're protected in any contingencies that arise. As you shop for insurance policies, consider these three areas. Bonus: Third-party liability coverage is optional in case a patron or supplier files a discrimination claim. If you operate a small retail shop, combining general liability and commercial property coverage into one Business Owner's Policy may save money compared to purchasing both policies separately.
The Allen Thomas Group specializes in tailoring insurance solutions to meet the specific needs of retail businesses, whether you run a brick-and-mortar store, a boutique shop, or an online retail empire. Business Property Insurance: This component covers your equipment for business use, such as cash registers, computers and display units. Several factors can influence your insurance premium, including the location of your store, the type and amount of coverage you need, your claims history, and the size of your business. General liability coverage offers protection when customer property is damaged, such as when someone in your jewelry store asks you to change out a battery in a watch they bought from them.
Storeowners who’ve experienced problems like these could tell you how important it is to have the right coverage with adequate limits. Retailer insurance policies specifically tailored to protect them can offer vital protection from accidents or any unexpected mishaps that might arise in operation. 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. Liability Insurance: Retail store insurance provides another form of protection from lawsuits. NAIC
Retail property insurance (or "shop insurance") offers protection from fire, storm damage, theft, vandalism, or vehicle-based (and even airplane!) damage.
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.
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.
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.
Shoplifting typically isn't covered under commercial insurance policies, while theft may be. As shoplifting usually happens during business hours without anyone realizing what is happening, filing claims for this type of loss can be difficult and time-consuming.