When you also have equipment or operate from a shop
All Basic plan benefits and:
Get protected against employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
Business Owners Policy (BOP) is just what your business needs to safeguard unexpected financial losses as it combines the protection of Commercial Property and General Liability insurance in one package. Made for small to mid-sized business, it saves you the cost of having to buy each insurance policies.
Workers' Compensation can cover the medical bills relating to the diagnosis of a work-related illness or injury for your employees and the treatment needed. It can also cover lost wages until the employee is able to work again. In some cases, the insurance can cover the cost of retraining and rehabilitation until the employee is able to work again.
As a business owner, you want to make sure that your business is protected against business-related crimes like employee dishonesty, theft or fraud, that cause damage to property. Crime insurance will cover for these damages. The insurance can also cover for computer fraud, forgery or alteration, money theft or securities theft, and many business-crime related risks.
Business Interruption insurance will replace the business income lost as a result of an event that puts your business operation to a halt, such as natural disaster or fire. It covers what a Commercial Property cannot, including, the operating expenses, employee salaries, training costs, the expense of moving to a temporary location and extra expenses needed to get you on your feet again.
Establishments in this industry consist of shops that sell, greeting cards, Christmas items, stationery, office supplies, souvenirs, balloons, and gifts.
Gift, novelty, and souvenir stores need insurance because it protects your business from the many known and unknown risks that it could face. A slip and fall claim, for example, could instantly drain your business and personal assets, but with insurance, these are protected.
Below are the risks your business stores can face:
These are just some of the many risks that your business can face.
The cost of insurance for novelty and souvenir stores will depend on the size of your store, the coverage you need and the number of employees you have. Without taking these into account, below is the average cost of insurance for most gift novelty and souvenir stores:
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
You wanted better protection and cheaper pricing. So did we. We baked that dream into everything we've set out to accomplish in building our award winning platform.
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