Retail stores have many moving parts. There is customer traffic. Employees are working in tight aisles stacking merchandise, cleaning spills, or helping customers. Partners and suppliers are coming and going. Parking lots are filling up and lines for the checkout counter can extend around corners. Does your retail space have the protection you need?
Retail stores should consider a few types of insurance. First, if you have employees, and to comply with state laws, you need workers’ comp insurance. You need protection for your space (whether leased or owned), your property and inventory. You need coverage in the event of an accident and – worst case – you need to be protected when claims of negligence are made by customers or employees. To save time and money, you can combine nearly all the retail business insurance you need into a single business owner’s policy (BOP).
Need more information? Speak with one of our insurance experts to find the right coverage for your business.