Does Toy Store insurance cover theft of merchandise?

Discover how toy store insurance can protect your business from theft of merchandise.

Aditya Raghunath - Writer for NEXT Insurance
By Aditya Raghunath
Kelly Hendrickse - editor for NEXT Insurance
Edited by Kelly Hendrickse
Matt Crawford for NEXT Insurance
Fact-check by Matt Crawford

Updated May 29, 2023.

Great news — yes, toy store insurance can cover stolen merchandise. Statista reports that over 10% of retail businesses in the United States faced an average inventory shrinkage rate of 3% or more in 2021. So, as a toy store owner, the right coverage can help prevent revenue loss that inventory changes can cause, including shrinkages from theft.

» Looking for help? Check out this retail loss prevention guide

How can Toy Store insurance protect against theft?

Toy store insurance can include commercial property insurance or business personal property insurance. This can provide cover for:

  • Internal theft (by employees)
  • External theft (by customers or others)

Retail insurance, which toy store insurance can fall under, also offers protection against theft because it can include commercial property insurance. We recommend reviewing your policy details to understand the extent of your coverage.

Understanding your Toy Store insurance coverage

Toy store insurance coverage can help with potential income losses because of theft.

With NEXT, you can find the right, tailored coverage for your store. To view your options, simply apply online and get an instant quote in less than 10 minutes. Plus, you'll have instant access to your certificate of insurance once you purchase coverage, and you can share it 24/7 with the NEXT app.

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