You've spent many long hours working to make your retail store a success. Unless you've spent some of those hours making sure that you have the right retail business insurance, however, you could be putting your store and your livelihood in jeopardy. It could take just one incident—a serious fire, a large theft or even a lawsuit filed by a disgruntled customer—to shut your business down for good. You need retail business insurance, including retailing liability insurance, to protect your investment.
Fortunately, you don't have to spend months of profits to purchase the necessary retailing liability insurance and other types of retail business insurance. You can save hundreds of dollars by comparing the policies offered by various insurers and by choosing the retail business coverages and rates that best fit your business plan.
Understanding Your Retailing Liability Insurance Needs
There are several different types of retail business insurance you'll want in place to protect your business financially. Business property insurance will cover your store and its inventory from losses from fire. Commercial vehicle insurance—you can get both liability and collision policies—will cover your losses (payment for medical expenses and/or damage to property) if your vehicle is involved in an accident.
One of the most important coverages for a retail operation is retailing liability insurance. Liability insurance (also called commercial liability insurance) covers losses you suffer because someone claims that you've injured them in some way.
You may think about liability insurance primarily in terms of a customer or a member of the public suffering a physical injury on your property. But you'll also want your retailing liability insurance policy to protect your financially if a competitor sues and claims that you have misleading advertising that has harmed its business (errors and omission coverage).
Another important liability coverage is for the products you sell; even though you may not manufacture the medicine that caused a death or the canned meat that caused food poisoning, people who bought the product at your store can sue you for damages. Fortunately, liability insurance helps pay for legal fees and judgments against you as well as for legal fees.
An Easy Way to Find Competitive Retail Business Insurance Rates
As a busy business owner, you like to employ the most effective method to get a job done. When it comes to buying business insurance, that means netquote.com. Just fill out a single form, and netquote.com will provide quotes from several of the leading insurance companies in your area—companies that want your business and are competing for it. With netquote.com, you don't have to spend hours looking around for affordable business insurance premiums; we'll deliver them right to you. So don't wait around—visit netquote.com day or night to find the insurance coverages you need to financially protect your store and your investment.
See how much you could save today on your insurance. Get your free business insurance quotes today!