When operating a bookstore business, getting business insurance coverage to protect your bookstore should be top priority.
General liability insurance protects your business from financial strife of customer's legal or medical costs for injuries or damages while on your business’s property. This will cover your legal defense and the costs associated with the loss if you are found liable, up to your policy limits.
Property damage, whether it is from fire, extreme weather conditions, or natural disasters, flood from severe rainstorm, property insurance would cover the cost of repairing or replacing your business-related property including structural damage to your building and the business materials you store there.
Workers compensation insurance is required by law in most states of the US. If an employee is injured in a work related accident, workers compensation will pay for their medical care and recovery expenses. Your business will also not be responsible for the damages or sued by your employee.
Even though you are not the publisher of the books and magazines you sell, your store may be involved in a lawsuit if your customer received direct damage from the products you sold, professional liability insurance would cover your legal fees and any required settlement.
Even if you choose your employees carefully with background checks and verifying references, you still run the risk of dishonest employees. Losses by crimes including vandalism, theft, shoplifting and embezzlement by your employees and customers are covered by obtaining crime insurance.
Picking up supplies for your store are business operations — and the vehicle used should be covered by business auto insurance. Business auto insurance provides coverage against accidents, theft, or vandalism while using your vehicle for business purposes.
As a owner of a bookstore, you will want to be sure to protect your investment properly against all potential exposures. This is why, ideally, your business insurance coverage should be tailored to meet the specific coverage needs of book sellers. With the right kind of business insurance for bookstore as a safety net, you can focus on your business with confidence.
Due to the nature of operating a business of bookstore, you’re exposed to a variety of risks as accusation of mistakes, claims of products provided, potential injuries, unexpected disasters, property damage and other potentially expensive problems.
Running a bookstore business without insurance is taking a mighty huge risk. Our broad, tailored coverage options and enhancements are based on our deep knowledge and experience in the bookstore insurances, and specifically designed to meet the needs of our customers.
At Business Insurance Agency, we will take the time to get to know your business and assess the risks involved in your business, and can assist you with the right coverage options you need at an affordable price.
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