Toy store insurance can cost as little as $20.83 per month¹ but the exact price will vary depending on your specific circumstances and needs.**
The kind of work you do, where you work, how many employees you have and other factors will impact your customized quote.
It’s important to provide the most accurate information about your business to make sure you get the coverage that is right for you, so that your claims are covered by your policy and so that any claim you might make is processed as quickly as possible.***
We offer customized packages to each customer so you can find the coverage that you want. You pay only for what you need.
Toy store business owners like you typically purchase a combination of coverage in their insurance package, including:
After you answer a few basic questions with our online instant quote, you can review your options and choose the amount of coverage you want from our Basic, Pro and Pro+ packages.
Continue reading to learn more about how much different types of insurance costs and their coverage limits.
Workers’ compensation insurance costs 50% of our customers $54 on average on average per month.
Workers’ compensation insurance helps to pay for medical bills and lost wages if an employee suffers an injury on the job.
Workers’ compensation coverage makes it possible for injured employees to take the time they need to recover by helping to pay for medical expenses and lost wages.
Employer liability insurance (ELI) provides additional protection for instances in which the employee decides to sue you for a workplace injury. This is in addition to the medical payments already provided by workers’ compensation. For example, an employee falls off scaffolding because the employer didn’t maintain the safety harness and the employee decides to sue for pain and suffering based on the employer’s negligence.
While in most states workers’ compensation policies include employer liability, in North Dakota, Ohio, Washington and Wyoming it can be purchased as a stop-gap coverage.
Note that the amount you can expect to pay for workers’ comp depends on how many employees you have, your payroll, how your employees are classified as well as your industry.
Most of our customers can expect to pay:
Median cost of $75 per month.
Workers’ comp no limit:
Coverage and benefits paid out according to state laws. Workers’ compensation helps to cover work-related employee injury, regardless of liability.
Employer Liability insurance (ELI):
Protection for instances in which the employer is liable for the injury to an employee.
Bodily injury per accident:
$100,000 to $1 million, depending on your policy.
Bodily injury by disease(per employee):
$100,000 to $1 million, depending on your policy.
Bodily injury by disease (aggregate):
$500,000 to $1 million, depending on your policy.
Commercial property insurance costs 74% of our customers $35 on average per month.
Commercial property insurance can help with replacement costs or repairs to your equipment, inventory and real estate (if you own it) if damage is caused by faulty sprinklers, frozen pipes, a power surge or other covered event.
Since property insurance sets limits based on what you need in a specific situation, coverage is unique to every customer.
Start an instant quote. We’ll ask you some basic questions about your business and operations, which we’ll use to create a customized insurance quote.
If you like what you see, you can adjust the package limits to fit your preferences and make your purchase.
Your insurance will begin immediately after payment, and you’ll have access to your certificate of insurance. The self-service tools also allow you to pay premiums, add an additional insured and file claims.
The streamlined process, which can be completed without needing to talk to an agent, makes it possible to purchase insurance in a matter of minutes.
And if you do have questions, our licensed, U.S.-based insurance professionals are ready with the answers.
Start a free instant quote today.
¹ Based on workers’ compensation minimum premium for toy store businesses in Texas. To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary. Policy documents govern.
* Coverage and discount availability and eligibility varies, not available in all states.
** The cost data presented here are based on NEXT active customers data obtained over the previous 12 months. The price range is based on cost data of equal to or over 51% of NEXT active customers in the U.S. who purchased each respective type of insurance policy. These data should not be considered a substitute for obtaining a quote specific to your business. These data were updated in June 2023.
*** To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary. Policy documents govern. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.