Retail business insurance protects you against liabilities like customer mishaps, property damage, theft and employee injuries and illnesses. Storeowners who’ve experienced problems like these could tell you how important it is to have the right coverage with adequate limits.
You can get retail insurance through the Progressive Advantage® Business Program. Our team of experts can help you get customized coverage for your business.
Here’s a few businesses that should have retail insurance:
- Jewelry stores
- Pet stores
- Clothing & apparel stores
- Grocery & liquor stores
- Electronics stores
- Hardware stores
Retail store insurance cost
Every business is exposed to different types of risk, so costs vary from business to business. Your final rate depends on the unique qualities of your business, including your building, location, personal property and employees.
For example, a small e-commerce retailer without employees or a storefront can expect their insurance to cost much less than a brick-and-mortar retailer with multiple employees.
The only way to know your rate is to get a quote based on the details of your business.