Insurance for the Retail Industry
The retail industry is constantly changing and evolving, making it highly competitive. We insure many retail businesses such as clothes, furniture, grocery stores, and convenience stores. At Mason-McBride, we understand the daily challenges and risk factors retailers face. Insuring your retail business properly means that you, your business, and your employees will be safe and protected.
Mason-McBride works directly with experienced insurance carriers to address the risk of the retail industry and can put together a program that specifically meets your needs. Notable exposures currently getting attention in the marketplace are:
Business property insurance covers equipment, signage, inventory, and furniture in the event of a fire, storm, or theft. However, it doesn’t cover mass-destruction events like floods and earthquakes.
General liability insurance can help protect your business against claims for bodily injury, property damage, advertising injury, errors, or omissions. In addition, without this coverage, you may be responsible for paying out of pocket for legal costs, such as attorney fees and settlement amounts.
Worker compensation insurance gives your employees benefits to help recover from a work-related injury or illness. It can also benefit your employee’s families if they lose their lives in a workplace accident. Different factors can affect your workers’ compensation cost, such as job risk, claims history, payroll size.
Commercial umbrella insurance extends the coverage limits for some of your liability policies. So, if a claim exceeds the limits on your policy, your umbrella insurance can help cover the difference.
Cyber liability insurance helps your business respond to a data breach if personally identifiable information gets lost or stolen. In addition, many policies will include extortion coverage, business income protection, systems failure, all caused by a breach.
Our professional team can help you navigate the insurance marketplace and conduct a risk review. We advise not waiting for an event to audit your program and make necessary adjustments.
We can also provide business-specific coverages, including crime insurance, employee benefits liability insurance, food spoilage, among many others. Mason-McBride will put together a program that fits your needs.
Get a Quote Started
Call us today at (248) 822-7170 to discuss all coverage options to protect your business best. Or complete the form below to connect with one of our professionals, and we will get back to you today!