When operating an appliance store, getting business insurance coverage to protect your store should be top priority.
General liability insurance protects your business from financial strife of customer's legal or medical costs for injuries while on your business’s property. The policy 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 coverage 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.
Should your store’s computer network get hacked or a customer’s personal information stolen, you could be held responsible. This coverage protects your store from cyber crimes like fraudulent activity, stolen credit cards used as payment, stealing customer financial information or hacking into your system.
A store patron could say, whether it’s true or not, that one of the appliances you sold caused them an injury. If defects or problems with products bring physical harm to your customers, or if they cause property damage for your customers, your products liability coverage can pay for repairs and injury-related bills.
Business auto insurance is very important coverage for an appliance store, especially when you provide appliance delivery services. It provides coverage against accidents, theft, or vandalism while using your vehicle for business purposes.
Every retailer can have a negative situation come about, including your appliance store. It’s kind of unusual for an electronic or appliance shop to have an employee or customer injured so badly that a lawsuit is involved. However, even if one unfortunate situation happens, your small business could take a big financial hit. Buying high-quality, low-priced commercial insurance will protect your appliance store against claims of negligence, false or not.
Small businesses, like your appliance store, can end up being named in a liability lawsuit. Anyone can make an allegation, even if it’s false, and you will have to spend time and money defending your appliance shop. Even one claim has the potential to cause big legal bills, court fees, and a possible financial payout. Having the right insurance coverage can help your business grow and thrive.
Running an appliance store 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 appliance store 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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