Insurance for Newsstands

You need insurance to keep you in business when the unexpected occurs. Selling periodicals, magazines and the daily newspaper is public service which garners a lot of foot traffice. You should have a safety net that will be able to cover the associated expenses of a customer injury without taking it from your business pocket.

Workers Compensation is a requirement in nearly every state once you start hiring employees. Even if it isn't, this insurance policy will not only help injured employees from going destitute, it will also protect you and your business from those employees suing you for their injury and associated costs.

General Liability risks remain the largest source of exposure for a newsstand. Since newspapers and magazines are flammable, you could lose all your inventory in a fire. Newsstands are smaller than most establishments, so strong winds could immediately destroy your kiosk. Anyone can file a slip and fall claim as he or she walks by your business. In addition, your employees can file employment practices suits against you for a toxic workplace, harassment, or discrimination.

Insurance for your newsstand can vary depending on the size of the business. For a small newsstand, General Liability can cost $300 - $1,000 per year. Adding property insurance and additional coverages can grow the cost to a few thousand dollars each year.