Get protected against employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
A Business Owners Policy combines Commercial Property insurance and General liability insurance into one convenient policy. Perfect for small to mid-sized businesses as this saves a lot compared to buying separate policies for each coverage.
Workers Compensation provides medical and rehabilitation benefits to workers who become sick or injured due to work-related causes. The insurance is state-mandated, and your warehouse club and supercenter is required to carry if you meet the minimum requirements of the state.
Crime insurance manages the loss of financial assets due to criminal acts such as theft, robbery, employee dishonesty, forgery, computer fraud, and other business-related crimes. This insurance will replace the money that has been lost or stolen as a result of a business-related crime.
Product Liability insurance protects your business when the products you've sold or supplied have caused property damage or personal injury to your customers and your business is sued for damages. This insurance covers the cost to defend your business including court expenses and out-of-court settlements.
These businesses retail a general line of new commodities, including apparel, appliances, and furniture.
Your warehouse club and supercenter need insurance as this covers the costs of the covered risks that could otherwise destroy your business. Without insurance you risk paying for defense and court costs, for example, which without insurance can lead your business into bankruptcy.
Below are the common risks warehouse clubs and supercenters can face:
Your employee has been stealing money from your business over the past few months. You may have caught your employee, but the money that has been lost over the past few months can never be recovered.
A batch of the products you delivered to one of your clients is defective. The products have already been distributed and have been sold to the customers.
There is no fixed cost of insurance for warehouse clubs and supercenters as the cost of insurance for your business is defined by the size of your business, the coverage needed, and the number of employees you have. Without taking these into account, below are the average cost of insurance policies for your business:
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.
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