RETAIL INSURANCE

The cost of your Retail Insurance policy will depend on certain variables, including:

• A complete list of operations
• Annual and projected gross revenues
• Applicant Details
• Claims history
• Deductibles
• Inventory
• Number of employees
• Specified coverages
• Store size and specialty
• The limit of liability requested 
• Years in the business
• and more

Apply for a free quote and get same-day coverage within minutes! Please note that completing our online application does not cost anything or require you to proceed with the coverage once a quote is provided. Customer service is our priority.

Yes! Retail Insurance provides business liability against tribulations such as supply chain issues, cyber risks, and legal liabilities relating to damaged property or bodily injury. The insurance coverage will also reimburse your lost business income due to covered perils. Rest assured, knowing that we can tailor the Retail Insurance package to your small business needs within your budget.

Also, ensure that your manufacturers, suppliers, and distributors have adequate insurance. Determine whether it is necessary to include you in their policy – you never know when you may be held liable for their errors and defects.

In addition, did you know that Amazon requires you to carry liability insurance for specific products? If you sell your products through Amazon, you should determine whether you need product liability insurance.

Absolutely. Even if you do not offer products, you should have cyber liability insurance (or Cyber Insurance for short). Consider adding Cyber Insurance to your Retail Insurance if your business uses the following:

• Cloud systems for data storage
• Credit monitoring
• Electronic devices (laptops, hard drives, etc.)
• Run a website
• Send confidential emails to employees, suppliers, and other third parties
• Store sensitive third-party data 
• Use point-of-sale (POS) system
• and more.

Most businesses nowadays have electronic equipment and an online component that increases the risk of disruptive cybercrimes, such as privacy breaches, phishing, malware, data breaches, and denial of service (DOS) attacks. Whether you run a small business or a large corporation, it is always in your best interest to protect your business against cyber risk.

Crime Insurance (traditional crime)

• Direct loss: You experience a loss due to the covered peril, such as a loss in revenue due to property theft.
• Tangible: A tangible thing has material properties that you can touch and feel. Examples of tangible loss include theft of clothing, money, or jewelry.
• First party: The Crime Insurance covers you or your company, whoever is the policyholder.

Cyber Insurance (online crime)

• Indirect: The loss occurs as a consequence of the peril. An example includes the inability to operate your retail business due to arson.
• Intangible: This includes losing client data, confidential files, or sales transactions.
• Third-party: While Cyber Insurance also has a first-party component, it also involves third parties, including your client, customers, or others.