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Just like the range of products you sell, your insurance risks are vast and varied! Properly protecting your merchandise and building is essential when it comes to insuring a retail store. But it’s the unique aspects of your business that set your risks and business apart from the rest.
Let’s protect what makes you different.
Most business owners agree, their employees are the lifeblood of their business, which makes the attraction, retention, and most of all the well-being of your employees a top priority. Employee group benefits are an effective way of making sure the hardworking talent you attracted not only continues to work, but continues to work for you! Do you already have a plan in place? It may just be time for a review. Let our experienced team help make sure your plan is competitive and running smoothly. Book your free review today.
Products & Coverages
Property
The building that houses your business is a crucial aspect in the success of your operations. Theft, vandalism, and weather are just some of the many things that can cause significant damage to your building, and the bill to repair your building can be even more substantial. Protecting your largest assets with an insurance policy can keep your business from a significant financial setback.
Business Interruption
When most people think of insurance, they think about physical assets like their buildings and equipment. If a substantial loss occurs, like a fire burning down your building, it’s great that you have property insurance in place, but all that policy is going to cover is the cost to rebuild your building. What about all the income you’re losing because your business is now closed? Business interruption insurance is an absolute must when it comes to protecting your business from a significant financial loss.
Stock
When you’re in the retail industry, your products and inventory are your primary source of income. If a fire were to damage your inventory, not only would your income stream come to a halt, but the cost to replace these items could really set your business back financially.
General Commercial Liability
Accidents happen, and if one results in a lawsuit, the financial settlement could be hard for your business to absorb. Damage to a third party’s belongings, or causing injury to a third party isn’t something anyone plans for when they come to work in the morning. Unfortunately accidents happen, so having a general commercial liability policy is essential to financially protecting your business.
Crime Insurance
This insurance is designed to protect your business from theft and employee dishonesty. While it’s an unfortunate situation to think about, it can happen. Rather than just hoping it doesn’t, it’s a good idea to have a plan in place so that your business isn’t significantly impacted by a loss.
Cyber Insurance
If your business stores sensitive client information, bank records, or any other vital information on its computer systems, then this coverage is essential. As a business owner, it’s important to be realistic about the risk cybercrime poses. To protect yourself fully, you’ll want to talk to one of our advisors who can help assess your situation.