Retail Store Insurance
Protect Your Business With Retail Store Insurance
From employee injuries, to property or inventory damage, to customer slip-and-fall accidents, retail store owners have to be prepared for the potential financial impact from a wide range of risks.
At biBERK, we provide tailored retail store insurance coverage—at savings of up to 20%. Whether you need workers' compensation, general liability, a business owners policy or BOP (sometimes called property & liability insurance), commercial auto, umbrella, or cyber insurance, just complete a simple form online or speak with our licensed insurance experts to get a fast, free retail insurance quote. Plus, with biBERK, you can purchase a policy, manage it, and report claims online for ultimate convenience.
Who Needs Retail Business Insurance?
If you run a store or shop, retail insurance will be vital for your business. Slips and falls can happen anywhere, so we recommend a general liability policy. A business owners policy or BOP (also called property & liability insurance) addresses both liability issues and things like inventory losses from theft or damage. You also need coverage for the loss or damage of customer data with a data compromise add-on to a BOP. Having the right amount of business insurance can provide financial protection.
What Does Insurance for a Retail Store Cost?
Your insurance cost is calculated based on a number of factors. These include your location, business size, and claims history. You’ll need different insurance for online retail businesses versus brick-and-mortar stores. You can get retail business insurance quotes for all the policies you need online.
Every Shop Needs Retail Store Insurance, Including:
- Art galleries
- Book stores
- Clothing stores
- Computer stores
- Department stores
- Furniture stores
- Garden centers
- Farm supply stores
- General merchandise stores
- Grocery stores
- Hardware stores
- Jewelry stores
- Music stores
- Online retail stores
- Picture or frame shops
- Party supply stores
- Tux rental stores
- Costume rental stores
- Shoe stores
- Sporting goods stores
- Tobacco stores
What are the Different Types of Insurance for Retail Stores?
At biBERK, we offer six different types of retail store insurance for small business owners like you. Depending on the location of your business and other factors, certain types might be better for you than others.
Workers' Compensation Insurance
This insurance helps protect your business if an employee is injured, contracts an illness, or dies as a result of an incident on the job. It can cover medical costs, legal fees, and lost wages due to the injury.Workers' Compensationchevron_right
General Liability Insurance
Also known as commercial liability insurance, a general liability policy is important. It covers damages and legal costs associated with injury claims to customers and other people you don't employ, damage to other people's property that was caused by your business, and medical costs associated with these incidents. It also covers libel, slander, and copyright infringement. Plus, there are endorsements you can add to customize your policy, including cyber, hired and non-owned auto liability, employment-related practices liability, and employee benefits liability.General Liabilitychevron_right
Business Owners Policy
Also called property & liability insurance, a business owners policy (BOP) combines general liability insurance with coverage for your company’s property. You'll get protection for the building you own, space you lease, and any property needed to run your business, while also receiving coverage for things like business interruption. This can replace lost income, as well as cover other costs associated with getting your business back up and running after suffering property damage, such as the use of a temporary location. You can also tailor your BOP with add-ons including cyber, hired and non-owned auto liability, employment-related practices liability, and employee benefits liability.Business Owners Policychevron_right
Commercial Auto Insurance
If your company owns or leases vehicles, this policy protects your business. This type of insurance can provide coverage for your legal fees and the medical costs of others if your employee is at fault in an accident. It can cover the cost of damages even if the vehicle is used for personal activities outside of its primary business use.Commercial Autochevron_right
This coverage can be purchased as an add-on to a general liability, professional liability, or BOP policy. It helps cover costs related to system hacks or data security breaches in which sensitive information has been stolen and fraud has occurred or there is a reasonable expectation that it might occur.Cyber Insurancechevron_right
Every insurance policy you purchase has a maximum value that it will cover in the event of an incident. Umbrella insurance adds another layer of protection: It can cover costs that exceed the limit of another liability policy, subject to its own limit. Without it, you may be responsible for anything over your policy limit. Business liability suits can easily exceed the actual value of many small businesses, so we highly recommend an umbrella policy to protect your company.Umbrella Insurancechevron_right
Why biBERK for Retail Store Insurance?
We’re the experts when it comes to small business insurance.
Get a quote entirely online or speak with one of our insurance experts right away for help getting a quote, buying a policy, or answering any questions you may have.
We insure your small business directly, without a middleman or insurance broker, so we pass that savings on to you—up to 20% less than policies with other insurance companies.
We're part of Warren Buffett's Berkshire Hathaway Insurance Group with millions of satisfied customers, more than 75 years of insurance experience, and $38 billion in paid claims in 2020.