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Insurance for Warehouse Clubs and Supercenters

Prefer to speak with a CoverWallet consultant? Call
(646) 844-9933

Frequently Asked Questions

Why do Warehouse Clubs and Supercenters need insurance?

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.

What risks do Warehouse Clubs and Supercenters face?

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.

How much does insurance for Warehouse Clubs and Supercenters cost?

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:

  • Business Owners Policy costs $900 in annual premiums.
  • Workers Compensation costs $1300 in annual premiums.
  • Crime insurance costs $1000 in annual premiums.

Are You Ready to Get Covered?

Prefer to speak with a CoverWallet consultant? Call

(646) 844-9933