Liability insurance is a good start to making sure you’re covered but you can also customize your business insurance to protect your employees, your vehicles and your business property.
We typically recommend:
Workers’ Compensation for retail businesses
Workplace injuries happen more frequently than you might think, especially in your line of work. Workers’ comp makes those situations easier by helping to pay for medical bills for injuries and illnesses that happen to you or your employees while on the job. Workers’ comp can also help to cover lost wages while recuperating from accidentally dropping a heavy box on your foot while restocking shelves.
This coverage is required for businesses with employees in every state except Texas.
Learn more about workers’ comp.
Commercial Auto insurance for retail businesses
You’ll need commercial auto insurance in most states if you own work vehicles that are titled to your business.
You can use a commercial auto policy to insure your personal vehicle if you use that vehicle for your business, but you can’t apply your personal car insurance to your company car. So if you drive your own car to pick up shipments for your store, it probably won’t be covered under your personal car insurance.
Learn more about commercial auto.
Commercial Property insurance for retail businesses
Retail business owners who own or rent physical spaces will need property insurance to help protect business equipment, inventory and furniture. If your business property is damaged due to a covered event, such as a burst water pipe or fire, property insurance can help with replacement costs or repairs.
Learn more about commercial property.
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