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Retail

Theft is the most prevalent property risk that retailers face

A retailer was recently ordered to pay $1 million after a woman slipped on a wet floor inside the store, causing irreversible nerve damage. Slip-and-fall cases are the most common liability claims against retail operations, representing potentially disastrous losses for merchants. Business owners can also be held liable for slip-and-falls that occur in their parking lot.

In terms of property exposures, the most prevalent risk facing retailers is theft, which can lead to inventory losses and potential business interruption costs. Retail Coverage can help with property claims, including theft, fire and water damage, as well as GL claims such as slip-and-falls. Coverage is available for your clients who sell electronics, jewelry, antiques, clothing, art, recreation vehicles, liquor or other goods.

Coverage Details and Features

  • Flexible limits
  • Excess/Umbrella Coverage available
  • Property Coverage available including:
    • Building, contents
    • Business income
    • Computer equipment
    • Equipment breakdown including food spoilage
    • Loss of rents
    • Outside signs and glass
  • GL Coverage available
  • Crime Coverage including money and securities

Target Classes

(including but not limited to)

  • Shopping Center
  • Grocery Store
  • Antique stores
  • Art galleries and artist supply stores
  • Automotive stores
  • Bakeries and beverage stores
  • Bicycle stores and sporting goods stores
  • Shoe repair stores and shoe stores
  • Florist and fruit and vegetable markets
  • Fabric stores, craft supply stores, and ceramic stores
  • Furniture stores and department stores
  • Candy stores and ice cream shops
  • Appliance retailers
  • Electronic stores, camera stores, and computer stores
  • Discount stores and variety stores
  • Copy, duplicating and printing stores
  • Gift shops, and cards and stationery stores
  • Video stores and music stores
  • Clothing stores and tailor shops
  • Beauty shops and nail salons
  • Hardware stores, lighting stores, and key shops
  • Meat markets and delicatessens
  • Bridal shops
  • Carpet stores
  • Picture frame stores
  • Optical stores
  • Jewelry stores
  • Pawn Shop

Applications for this product may vary. Please click below to find the office nearest to you for assistance.

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