Retail Store Insurance — Coverage, Cost & Requirements

Retail stores face daily exposure from customer foot traffic, product liability, employee injuries, and property theft or damage. A customer slip-and-fall in your store, a product you sell that causes injury, or a break-in that clears your inventory can cost far more than your monthly revenue. Retail store insurance starts with commercial general liability for bodily injury and property damage on premises, commercial property for your building, inventory, and fixtures, business income coverage for revenue lost when you must close, product liability for items you sell, and crime coverage for employee theft and shoplifting losses. Stores with significant inventory should pay close attention to their property limits — underinsurance is one of the most common and costly mistakes.