What to Look for When Purchasing Insurance for Retailers

All types of Retailers will need to have an Insurance policy that covers more than just the traditional liability & property exposures. Finding the right coverage, and carrier will be instrumental for any retailers.

Where Should I Purchase Coverage?

Find a commercial agent that is familiar with insuring retailers. Typically, they will help identify potential risks in your business, and provide a policy to protect your business.

Key Insurance Coverage for Retailers

Business Personal Property Coverage

Make sure you have an expanded form of this coverage to include breakage, seasonal stock element, and replacement. Your product is the lifeblood of your business, it needs to be protected.
Coverage Details

Business Income Coverage

This coverage part is vital to every Retailer. Have a fire at your store, or a supplier fails to deliver the product you sell, your business could face significant loss of income. To properly insure for this risk, have your CFO work with an insurance professional to determine the appropriate limit of coverage needed.
Coverage Details

Employee Practices Liability Coverage

This needs to be part of every retailer’s commercial insurance program. This coverage will provide protection from employee dishonesty, theft, discrimination claims, sexual harassment claims, and wrongful termination claims.
Coverage Details

Cyber Liability Coverage

Retailers should have Cyber Liability Coverage. This will protect you from claims arising from credit card transactions, unauthorized access to client information, and costs associated with restoring, and protecting your data. Not having this coverage will be a substantial financial loss, and public relations nightmare.
Coverage Details

Retailer Customer Spotlight


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