Insurance for Book Stores

Insurance protects your bookstore against potential risks and exposures. Without an insurance, you risk paying for the costs of personal injury when a customer slips and falls on your property, repair or replacement of damaged property from fire, flood, or natural disaster, cost of replacement for stolen goods and many other incidents. Any of these could cost you a lot, but when you have insurance there is a safety net to cover the expenses up to the provided limits.

Unlike most businesses, book stores do not carry major risk, but they have unique risks that can cause huge financial loss. People usually congregate in book stores to socialize or just hang out. This increases injury liability risks in your book store. In the event of a fire, for example, you may face major inventory loss. Even if the fire is contained, the smoke and water exposure will make almost every book you have unusable. If your book store hosts an author and the author is sued for copyright infringement, your store may be named in the liability suit.

The cost of your insurance will be based on the size of your business, the type of services you offer, and many other criteria. But we can provide you the usual cost of insurances for bookstores.

• General Liability costs in the median of $500 in annual premiums.
• Business Owners Policy (BOP) is around $900 annually.
• Commercial Property insurance is about $400-$600 in annual premiums.