Retail stores need insurance to meet legal requirements and protect the business against different risks such as accidents on the property, injury to employees or customers, theft, or loss of income. Retail shop owners who face these risks can find protection through Tabak Insurance. With our policies, you can protect your retail business fully and with peace of mind. Reach out to an agent to learn about what packages we offer for retail insurance.
General Liability Insurance
General liability insurance is one that no retail business should skip. In fact, many businesses are required to have general liability to meet state legal standards. This type of insurance provides basic coverage for a variety of the risks retail stores face. A customer slipping on a wet floor, a box of merchandise falling on an employee, or a thief breaking into the store are just a few of the possible troubles retail business owners need to be aware of and protected against.
If you have general insurance, your business is protected against claims of bodily injury, property damage, rental property damage, advertising liability, and more. You won’t pay for medical payments, legal fees, and other costs out of pocket. Tabak Insurance makes sure your retail shop is protected from considerable monetary loss.
General Liability Details
Commercial Property Insurance
Your property could be damaged by natural disasters, criminal activities, or random accidents. Equipment can break down and products can be damaged beyond repair. Commercial property insurance offers protection against these risks. With customizable insurance options, choose between named perils coverage or open perils coverage. Whichever policy you choose, you can protect your shop, product inventory, and business property like shelves, tables, and racks. The agents at Tabak Insurance can help you evaluate your needs and choose the right retail insurance package to fully protect your retail business.
Property Insurance Details
Worker’s Compensation
Your employees face possible injury from disgruntled customers, falling merchandise, and accidents. Your retail workers deserve protection from these workplace risks, and you need to protect your employees and the business. With worker’s compensation, injured employees can get the compensation they deserve to recover fully, and you can avoid paying medical costs and legal fees out of pocket.
Worker’s compensation coverage is required for all companies that have employees. Without this policy, retail businesses are liable for all medical care costs, lost wages, and possible negligence lawsuits. Protect your workers and your business with one policy. Work with Tabak Insurance to make sure you and your employees are fully protected.
Worker’s Compensation Details
Business Owner’s Policy
Retail business owners can purchase an insurance bundle that offers general liability, property damage, and business interruption coverage. A business owner’s policy provides overarching coverage for expenses like legal fees during a lawsuit, costs to replace damaged property, and costs associated with interrupted business operations. BOPs do not include automotive insurance, worker’s compensation, or professional liability insurance; these policies must be purchased separately. By purchasing a BOP, you get reduced rates and peace of mind. Talk with an agent at Tabak Insurance today to learn if a business owner’s policy is right for you.
Business Owner’s Policy Details
Directors and Officers (D&O)
Board members, officers, and owners can be sued for accidentally breaching legal responsibilities at work. With directors and officers insurance, executives are protected against being sued as individuals for wrongdoing at work. D&O insurance covers the financial losses these individuals can experience because of the lawsuit. The coverage also protects the business, as your retail store can suffer monetary loss and reputation damage due to an executive’s lawsuit. Not all retail businesses will need D&O insurance, so chat with us at Tabak Insurance to find out if this policy meets your needs.
D&O Details
Errors and Omissions (E&O)
Retail business owners can face lawsuits for damages caused by errors and omissions from the policyholder. If a business owner creates a product or supplies a service but does not inform the buyer of the possible risks and the buyer is injured because of it, the owner is liable to cover the damages. For example, a retail store creates a custom item that doesn’t work and so causes the buyer to lose investment money. This is grounds for a lawsuit, but E&O insurance covers legal fees and other associated costs. With Tabak Insurance, you are covered for every situation.
Errors and Omissions Details
Protect Your Retail Business with Tabak Insurance
Retail businesses face risks from employees, customers, and even shareholders. You can protect your business, employees, and customers by purchasing the right retail insurance coverage. At Tabak Insurance, we understand the risks that retail businesses deal with every day. We know how to make sure your business is fully protected with the most comprehensive retail insurance coverage. Get in touch today to get started.
Why Choose Tabak Catering Insurance?
- Over 25 years experience in the hospitality space
- Insider insurance secrets that could save you thousands
- Individualized Business Evaluation for accurate risk identification
- Fast online or phone quotes
- Be insured in 24 hours or less
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