Insurance for the Retail Industry

The retail industry is constantly changing and evolving, making it highly competitive. As a result, 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:

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:

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.

Workers Compensation Insurance:

Worker compensation insurance gives employees benefits to help recover from work-related injuries or illnesses. It can also benefit your employee's families if they lose their lives in a workplace accident. Different factors, such as job risk, claims history, and payroll size, can affect workers' compensation costs.

Commercial Umbrella Insurance:

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:

Cyber liability insurance helps your business respond to a data breach if identifiable information gets lost or stolen personally. In addition, many policies will include extortion coverage, business income protection, and 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, and food spoilage, among many others. Again, Mason-McBride will put together a program that fits your needs.

 

Retail Industry Coverage Tailored to Your Needs

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.

Additionally, we can provide coverages specific to your business, such as crime insurance, commercial umbrella insurance, and employee benefits. Mason-McBride will design a program to fit your needs.

 

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