Retail
Industry
INC agents specialize in developing tailored coverage solutions for individuals in the retail industry, taking into account their unique needs and potential risks. They offer personalized advice on liability, property, and other essential policies, ensuring comprehensive protection customized to the specific challenges faced by those in the retail sector. Drawing on their expertise in understanding the intricacies of the retail business, INC insurance agents empower individuals in the industry to make informed decisions for their financial security.
Customized retail insurance designed for your business
INC Insurance is a one-stop shop for retail business insurance. Whether you need a certificate of insurance to lease a commercial space or workers’ compensation for a new employee, we customize coverage for brick-and-mortar, online businesses and Amazon third-party sellers.
We specialize in businesses insurance for physical and online retail businesses
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Why do retail businesses need insurance?
Business insurance offers you protection from a wide range of unexpected events and accidents, from an employee injury to a crash involving your work vehicle.
As a retail business owner, you’re sometimes required to have insurance to get business licenses and to sell goods and services. It’s required by retail platforms like Amazon once you sell $10,000 a month for three consecutive months. With the right coverage, you can do your work and focus on the job at hand without worrying about those pesky “what if” scenarios.
How retail liability insurance protects your business
Retail liability insurance can help cover costs if you find yourself in the unfortunate situation of being accused of causing an injury or damaging a customer’s property, or if someone says that your work mistake caused financial losses.
We combine two types of liability insurance in our business insurance packages:
General liability is the basis of business insurance coverage for retail business owners. Given how many customers will go in and out of your store each day, it’s probably not hard to imagine that at some point you could cause or be blamed for a customer slipping and falling on a wet floor, or for a product malfunction that leads to an injury.
Learn more about General liability for retail businesses.
Product liability insurance — which is included in general liability — can protect your retail business from having to pay for legal fees if a customer says that an issue with your product caused them injury or property damage.
Other important business insurance coverage for restaurant owners
Customized food and beverage business insurance to prLiability insurance is a good start to making sure you’re covered but you can also customize your business insurance to protect your business property, your employees and your vehicles.otect your customers, kitchen and employees.
We typically recommend:
Health insurance
Retail is a dynamic industry where health insurance plays a crucial role for professionals. It serves as a safety net in the absence of employer-sponsored benefits, which may not be as common in this sector. With many individuals in retail lacking access to traditional employee benefit packages, reliable health insurance becomes vital. It ensures that those in the retail industry can afford essential medical care, preventive services, and unforeseen health expenses. This not only contributes to the well-being of the workforce but also strengthens the overall stability and sustainability of their independent businesses.
Workers’ Compensation
Workplace injuries happen more frequently than you might think, especially in your line of work. Workers’ comp insurance for retail makes those situations easier by helping to pay for medical bills for injuries and illnesses that happen to you or your employees while on the job. Workers’ comp can also help to cover lost wages while recuperating from accidentally dropping a heavy box on your foot while restocking shelves.
This coverage is required for businesses with employees in every state except Texas.