When operating a gift shop, getting business insurance coverage to protect your shop should be top priority.
General liability insurance protects your gift shop from financial strife of customer's legal or medical costs for injuries while in your gift shop. It protects you if mistakes are made in your advertising campaign and also protects you from product liability claims.
Any store is vulnerable to property damage, whether it is from fire, extreme weather conditions, or natural disasters, flood from severe rainstorm which can heavily affect business finances. Property insurance covers the cost of replacing damaged merchandise and repairing your store’s foundation.
Workers compensation insurance is required by law in most states of the US and this coverage takes care of your employees. If an employee is injured in a work related accident, workers compensation will pay for their medical care and recovery expenses.
Picking up supplies to stock your gift shop or delivery are business operations, and the vehicle used should be covered by business auto insurance. Business auto insurance provides coverage against auto accidents, theft, or vandalism while using your vehicle for business purposes.
Any number of crimes could be committed in your gift shop including vandalism, shoplifting, theft, and embezzlement by employees and passersby and can cause severe financial restraints. Help your business cover these types of losses by obtaining crime insurance.
The business files that you keep on your computers are at risk of damages. For example, a power surge could cause your electronic payment processing software to malfunction.
Gift shop insurance protects you against the unexpected so you can continue providing great service to your clients. You never know what is around the corner and protecting your livelihood is essential. The right coverage options help in making your buyers happy and keep them safe while also protecting your business and keeping it profitable at the same time.
Gift shop businesses are vulnerable to shoplifting, theft, claims made by customers in the event that any damage or loss suffered can be attributed to the actions or negligence of the buyer/hirer. Obtaining gift shop insurance is essential for the protection of your finances, assets and the longevity of your business.
Running a gift shop 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 gift shop 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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