What types of damages are covered under Electronics Store insurance?

Discover how electronics store insurance can help protect your small business.

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.

Electronics store insurance can provide protection against several types of damages.

1. Property damage coverage

Electronics store insurance with commercial property insurance coverage can typically offer protection against various damages caused by:

  • Theft
  • Vandalism
  • Fire
  • Other hazards

In these cases, the coverage can help pay for building repairs if you own the building or equipment replacements.

2. Business interruption coverage

Should an electronics store experience a temporary closure for a covered event, electronics store insurance can help cover:

  • Fixed costs, like rent and utilities
  • Lost income

This coverage also can include financial assistance for any relocation to keep the business going while repairs for the primary business property take place.

3. Liability coverage

Liability insurance can help protect against claims that may come up because of accidents or injuries that happen on the store's premises. This coverage is designed to help cover:

  • Third-party injuries
  • Damage to property you don't own
  • The cost of legal fees
  • Settlements
  • Judgments related to a covered claim

For example, let's say a customer slips and falls on a wet floor in an electronics store and suffers injuries or damages their own property in the process. The liability coverage may help cover the resulting medical expenses, legal fees and property repairs.

» Want to know more? Check out the common retail business insurance claims

How NEXT can help electronics store owners

Electronics store insurance can help protect business assets and ensure your business operations continue without a hitch in the event of an unexpected incident. But be sure to review policies so you understand your specific coverage, limits and exclusions that apply.

NEXT offers fast, affordable and tailored electronics store insurance. To view your options, simply apply online and get an instant quote in less than 10 minutes. You instantly get your certificate of insurance after you purchase the coverage you need, and you can share it 24/7 with the NEXT app.

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