When you also have equipment or operate from a store
All Basic plan benefits and:
Get protected against employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
Small to mid-sized business will benefit from Business Owners Policy (BOP) because it combines General Liability and Commercial Property insurance into one package. It simplifies the coverage by combining all the necessary business insurance needs into one package, saving you money in the long run.
Workers' Compensation provides medical benefits and wage replacement for employees who are sick or injured on the job. This is offered in exchange for relinquishment of their rights to sue your business for negligence. This insurance creates the difference between a normal insurance payout to a crushing lawsuit.
Crime Insurance will provide coverage against third-party crimes like forgery, theft, embezzlement and other related occurrences. The policy will cover the cost of the money or property that has been lost due to a business-related crime.
Business Interruption insurance is a type of insurance that covers the loss of income that your department store may suffer after a fire, flood or any natural disaster. The insurance will help the business stay afloat by covering the loss of income, bills, employee income, and any other related expenses after a disaster.
Establishments in this industry sell different product lines from specialized manufacturers. Stores may either sell this product first hand or focus on selling discount items. Individual departments will have their own sales associates and cash registers. These stores do not sell perishable goods or fresh foods.
Your department store is stocked with merchandise from other businesses and other business property. It is your responsibility as a department store owner to protect your store and the merchandise from the many risks your business will encounter.
Insurance will protect your business from risks like property damage, personal injury, lawsuits and more. Insurance will ensure that if any of these happen, all covered expenses will be paid for first.
There are many risks a department store can face. Here are some of those:
The cost of insurance is unique for every business. Insurance companies check for the size of your business, its location, the number of employees you have, yearly income and the coverage you need before they can provide the cost of your insurance policies.
To find out the cost of your insurance, simply fill out our online application to get an instant quote or contact our customer service representatives.
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