Whether online, brick and mortar or a combination of the two, evaluating risk and liability exposure in your small retail business should be at the top of your to-do list.
Commercial Property Insurance
How do you protect your business against the financial damage resulting from vandalism, fire, severe weather, or natural disasters? Commercial property insurance is the answer. This policy can help you pay for the repair or replacement of covered items, such as:
- Office, manufacturing, or processing equipment
- Inventory
- Outdoor signs
- Company documents
- Satellite dishes
Income After a Disaster
If your business suffers physical property damage after a disaster and you must close your facility or rebuild. How do you pay your employees or yourself? Business interruption insurance (also known as business income insurance) can replace lost net income or pay for ongoing expenses, including payroll or the mortgage, as well as relocation expenses, if necessary.
General Liability
What if a shelf collapses, a ladder falls or a loose wire causes injury to one of your customers? Can you afford a liability claim against your business? With business general liability insurance in place, you’re well protected against the potential high cost of customer claims.
Cyber Liability
If your computer system is hacked and customer data is compromised, cyber liability can help with the cost of claims, forensic assistance in recovering the stolen data and notifying clients. Cybercrime will cost companies worldwide an estimated $10.5 trillion annually by 2025. It is becoming more and more important all businesses are protected from this increasing threat.
Employee Theft or Crime
Could your employees ever become a liability to your business? Employee theft happens more frequently than you may think. How can you safeguard your business? Business crime insurance is the answer. It covers losses stemming from employee robbery, fraud, forgery, or theft.
Understand Business-Specific Coverage
Your insurance professional is a valuable resource in understanding how to secure your retail business and in tailoring your coverage to suit your specific needs.
Clyde Paul Agency is Here for You
At Clyde Paul Agency, we value the relationships we have with each client. We work with you to provide competitive pricing and customized protection for your unique needs. Contact us today for an insurance proposal.
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