Simply put, it’s insurance protection for any type of retail store owner. It’s a customized form of business insurance designed to provide business owners with the coverage needed to keep their business operational after a catastrophe or a lawsuit. 

Retail business insurance isn’t just a one-size-fits-all bundle of coverages filled with the protection you don’t need. Instead, it’s a package of insurance options that you customize to protect yourself against your unique retail store’s risks.

These insurance plans can be fine-tuned to meet your needs and budget, no matter the size or type of operation you run.

Nearly half of all retail businesses that temporarily close their doors after a natural disaster fails within 5 years. A solid business plan coupled with a retail insurance policy can prevent large financial losses and allow your store to remain profitable regardless of unexpected events.

Retail businesses can range from small corner shops to a large chain of stores. When you run a retail business, there are a few commercial insurance policies you’ll need to secure, either to meet state requirements or to protect your business venture, like:

A) Businessowners policy (BOP)

B) Commercial property

C) General liability

D) Business income

E) Equipment breakdown

Other business insurance products

A) Business auto insurance

B) Employee dishonesty coverage

C) Workers’ compensation

D) Utility services coverage

E) Crime insurance

F) Product liability insurance

G) Cyber liability

H) Umbrella liability

I) Inland marine