Small business owners who ran shops a few decades ago were well aware of the most common risks involved: slip-and-fall accidents, inventory theft, and perhaps the occasional break-in. However, the situation today is very different, with online sales channels now in the mix. You might be expanding your reach, but you are also opening the […]
Read MoreWhy Your Standard Shop Policy Doesn’t Cover Your Online Storefront
When retailers seek business insurance, they are often presented with a standard shop policy. These policies may have sufficed in the past, but they were written for a world that no longer exists. While most small retailers now sell both in-store and online, their retail insurance was written on the assumption that customers shop only […]
Read MoreHow to Update Your Retail Insurance When Expanding to a Second Location
For small business owners, opening a second retail location is a giant leap forward. Having another storefront will mean more customers, greater revenue potential, and a stronger presence in your market. However, don’t become so distracted by planning inventory, hiring staff, and designing the new space that you forget to update your retail insurance policy. […]
Read MoreFrom Main Street to Digital: Does Your Insurance Cover E-Commerce Sales?
The age of the internet is now well and truly here to stay, and even the most traditional Main Street businesses that initially resisted e-commerce are turning digital. Whether you have been selling furniture from your storefront for the last two decades or you just opened a boutique last month, there’s a good chance you […]
Read MoreHow to Lower Your Retail Insurance Premiums Without Losing Coverage
Insurance is one of those expenses retail business owners may pay reluctantly; it might feel like you are not getting anything tangible for your money, but if you ever need it, it could pay for itself many times over. However, that doesn’t mean you have to accept paying fixed premiums year after year. If you […]
Read MorePet Store Owners’ Checklist for Choosing the Right Insurance Provider
If you run a pet store, you are all too familiar with the many ways things can go wrong. When you are working with live animals, there is an element of unpredictability that keeps you on your toes, while customer interactions and daily operations introduce plenty of other potential risks. When the worst happens, having […]
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