Workers’ Comp insurance for Retail

Save up to 50% in discounts on Workers’ Compensation coverage for your small business*.

Even if workers’ comp is not required for your retail shop, the protection of a workers’ compensation policy could be a huge asset.

If an injury occurs on the job at your store, the business can be held responsible. Workers’ compensation insurance can help cover injury-related costs to help protect the financial stability of your business.

Jump ahead to learn:

 

Why do retail businesses need Workers’ Compensation insurance?

Workers’ comp coverage can help cover the costs of:

Workers’ compensation insurance is a type of business insurance. It can help protect business owners of any size from financial losses after a work-related injury or illness.

Workers’ Comp may be required by state law

In most states, workers’ compensation insurance is required by law if you have employees. But even if you’re a sole proprietor (meaning a business of one) a workers’ comp policy could be required.

Workers’ Comp can help cover the cost of work-related injuries

Some retail jobs can be very physical, meaning workplace injuries such as slip-and-fall incidents, repetitive stress trauma, injuries from fallen objects and more can be common.

If you or your employee gets hurt, medical bills could add up quickly.

Your income or your employee’s income could be protected under Workers’ Comp

If someone covered by the insurance needs time away from work to heal after a covered injury or illness, a percentage of their income could continue until they’re able to get back to work.

A Workers’ Comp policy could help you gain more business

Some retail partners could require you to carry a certificate of insurance (proof of insurance) for workers’ compensation.

But even if it’s not required, carrying this essential insurance protection could make your business look more polished and professional than your competitors.

What are the most common business risks for retail storefronts?

These are some of the common risks and workers’ compensation insurance claims that retail workers could be exposed to:

Accidental injuries like slips and falls

Your employee slips on a wet floor and hits their head, requiring a visit to the emergency room.** Workers’ compensation insurance for retail businesses could help cover their medical bills.

Lost wages after an injury or accident

A worker injures their back while moving around merchandise or displays. Workers’ comp insurance can help policyholders cover lost wages while they recover.

Work-related permanent injury or death

Severe work injuries are rare in this industry, but in the event that a serious or life-threatening accident occurs, your workers’ comp insurance could help cover some of the associated costs.

Depending on the extent of the injury, this may include long-term disability benefits, burial expenses or survivor benefits for an employee’s family.

An employer liability lawsuit

An injured employee could file a lawsuit against your business claiming that your negligence put them at risk. If this happens, workers’ comp insurance could help with the legal costs to defend yourself.

If you run your own retail store, you can add business owner’s coverage to ensure that you’re covered if you get injured at work.

How much does Workers’ Comp insurance cost for a retail business?

The cost of workers’ compensation insurance (also called the premium) for retail businesses can depend on a number of factors, including:

  • Your number of part-time and full-time employees
  • Your payroll expenses
  • Your claims history
  • How long you’ve been in business
  • The state where you work

NEXT is a small business insurance company that specializes in tailored, affordable workers’ comp insurance policies that provide the right coverage for your business.

How NEXT can help protect your retail business

NEXT has workers’ compensation insurance that’s convenient and affordable – and you can do everything 100% online.

We’ll ask a few questions about your business and give you a quote. You select your coverage options and buy your policy — all in about 10 minutes. Your certificate of insurance will be available immediately, and you can access your policy 24/7 via web or mobile app.

If you have questions, our licensed, U.S.-based insurance professionals are available to help.

Start a free insurance quote with NEXT.

NEXT has affordable, tailored business insurance for retail shops

Choose your storefront to learn more and get a quote

Amazon Seller, Arts and Crafts Store, Bike Shop, Bookstore, Candle Store, Candy Store, Clothing Store, Convenience Store, E-commerce, Electronics Store, Fabric Store, Florist, Furniture Store, Hardware Store, Jewelry Store, Laundromat, Luggage Store, Medical Supplies Store, Pawn Shop, Retail Store, Toy Store

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I am totally excited about my new insurance for my small business. I am happy that the price was in a range that I can afford, the terms were easy to understand and it was so simple to purchase my first policy. I look forward to doing business with you in the future.
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I was looking around trying to compare insurance and I am so lucky I found NEXT. I was able to compare levels of coverage, and all the options, without pressure from a salesperson or time limits. I was able to check out prices and it was more coverage for less than the “traditional” company I looked at.
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I needed liability insurance for my new small business brick & mortar location. I got the run around from another company, but NEXT provided a competitive insurance quote in a timely manner. I now have the insurance that I need and it was stress-free!
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Let’s find the coverage you need for your business
Business insurance is divided into different policies. We offer seven types so it's easy to design the coverage that fits your business.
General Liability insurance
General Liability
Protect yourself from accidents that cause physical injury or damaged property.
Professional Liability or Error and Omissions Insurance
Professional Liability/E&O
Shield yourself from lawsuits that claim your work errors caused financial losses.
Workers' Compensation Insurance
Workers’ Compensation
Cover medical bills and lost wages if your employees have an accident at work.
Commercial Auto Insurance
Commercial Auto
Stay on the road with coverage for dents, tows and damage to someone else’s vehicle.
Tools & Equipment Insurance
Tools & Equipment
Upgrade your general liability coverage to protect any gear that’s stolen, damaged or lost.
Commercial Property Insurance
Commercial Property
Keep your building, inventory and equipment protected from fire or water damage.
Business Owner’s Policy Insurance
Business Owner’s Policy
Combine general liability and commercial property into one policy to protect your business.
* To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary and are subject to change. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.
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© 2024 Next Insurance, Inc. 975 California Ave, Palo Alto, CA 94304, United States
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Issuance of coverage is subject to underwriting. Not available in all states. Please see the policy for full terms, conditions and exclusions. Coverage examples are for illustrative purposes only. Your policy documents govern, terms and exclusions apply. Coverage is dependent on actual facts and circumstances giving rise to a claim. Next Insurance, Inc. and/or its affiliates is an insurance agency licensed to sell certain insurance products and may receive compensation from insurance companies for such sales. Policy obligations are the sole responsibility of the issuing insurance company. Refer to Legal Notices section for additional information.

** Coverage examples are for illustrative purposes only. Your policy documents govern, terms and exclusions apply. Coverage is dependent on actual facts and circumstances giving rise to a claim.

Any starting prices or premiums represented before an actual customer quote are not guaranteed and are representations of existing premiums of active policies as of December 6, 2023. To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary and are subject to change. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.