Though we never start a business to damage someone’s property or injure someone, accidents do happen, and it is important that we are protected against them. Failing to have the right insurance coverage can turn out to be a really costly mistake and even force you to shut down operations. In this blog, we are going to discuss 3 must-have insurance coverage for your retail business:
- General Liability Insurance – Imagine a customer or visitor falls on your slippery floor and breaks his leg. In absence of general liability insurance, you would need to pay for the medical treatment of the person out-of-pocket. Similarly, if you or one of your employees accidentally damage someone’s property, you are liable to pay for the damages. General liability insurance can cover the cost of this damage as well.
- Commercial Property Insurance – Your business consists of a lot of inventory, systems, furniture, equipment, and tools that you can’t do without. Things like these need to be protected against theft, fire, and vandalism. Commercial property insurance does exactly that. It provides protection for all your “covered” physical assets.
- Commercial Auto Insurance – If you are running a business that uses a lot of vehicles for day-to-day operations, you would want to take commercial auto insurance. It provides coverage for damages caused by accidents where your employees are at fault. This includes bodily damage to the person being hit as well as physical damage to the vehicle.
Finding the right business insurance can be daunting! Let Linx Insurance Brokerage provide you deep insights into various policies, compare between different carriers, and get retail Store insurance in Queens at the best possible price.