Insurance for Tobacco Stores

Business Owners Policy (BOP) combines various insurance coverages under one coverage. It is a combination of Commercial Property, General Liability insurance and other coverage like Equipment Breakdown that a business might need. It's great for small and mid-sized business as purchasing individual insurances can be expensive; thus better savings in the long run.

Your employees can get sick or injured while working at your tobacco store and when they do, you'll be glad to have Workers' Compensation. This insurance will provide wage replacement, medical benefits to employees who are injured on the job. The employee has then relinquished the rights to sue your business for negligence.

This type of insurance helps cover the losses resulting to criminal acts done to your business like burglary, robbery and other forms of theft. The insurance will cover your merchandise, profits, and property loss from the crime committed.

Product Liability insurance protects your tobacco store from claims of damage or injury that arise from selling your merchandise. It is designed to protect your business by ensuring that when a lawsuit happens, you don't have to pay for any legal or court costs.

When your property suffers property damage from fire, theft, storm or natural disaster, your Commercial Property will just cover property damage, but what about your income? Business Interruption covers the loss of income that your tobacco store suffers when closing after a disaster. It covers the profits that would have been earned when your business is operating as usual.

Employment Practices Liability Insurance (EPLI) covers the wrongful acts that arise during the employment process. It covers the most frequent claims like discrimination, wrongful termination, and sexual harassment. It also covers inappropriate workplace conduct like an invasion of privacy, failure to promote, employer negligence, etc.