A Barth and Body Shop is in charge to sell luxurious products for skin care, scented lotions, soap, bubble baths, aromatherapy candles, bath and shower gel among other decorative items for a bathroom; like rugs, towels, shower curtains, trash cans, storage containers and more. Owning a business dedicated to the sale or distribution of bath and body products can be a lucrative and worthwhile profession, but you are also vulnerable to a variety of risks. Maybe a shelf filled with bubble baths falls to the ground spilling the soapy content, causing a customer to slip and fall. This type of incidents could result in a claim for damages. These risks should always be under the coverage of Bath Shop Insurance.
There are many different types of Bath and Body Shop Policies; each will cover a different risk exposure your company face. Take some time to investigate each policy before choosing which will benefit your business in the long run. Depending on your Bath and Body Shop business, you may need additional types of insurance to be covered entirely.
General Liability Insurance
This insurance is often the first choice for numerous businesses, including Bath and Body Shops. General Liability Insurance covered different risks, including product liability, premises liability and completed operations policies. For example, if your clients purchase a scented body lotion that gives them hives; they can sue you for damages. General Liability covers the expenses of the lawsuit and the cost under Products Liability Policy.
Commercial Auto Insurance
If you are running a Bath and Body Shop, your employees most likely use a vehicle to make deliveries, pick up supplies, or drop off bank deposits. Commercial Auto Policy should cover your business car. Business Auto Insurance will cover a variety of risks you could face behind the wheel, such as theft, bodily or property injury caused by a collision.
No matter if you have one or fifty employees, you surely need a Worker’s Compensation Insurance. This policy is required by law and offers benefits to your employees and your Bath and Body Shop. If one employee suffers an injury at work, such as a slip and fall while lifting boxes. Worker’s Compensation will cover missed work and the medical bills. Your company will also not be sued by the work-related injury.
The Liability Policies for your Bath and Body Shop business (General Liability, Employers Liability, and Business Auto) have coverage limits. The Umbrella Liability Insurance is used to increase your business liability limits. Offering coverage for claims that exceed your primary Bath and Body Shops insurance limits.
Another common type of insurance for Bath and Body Shops is Property Insurance. This type of policy will cover damages occurred on your store property, such as deterioration caused by fire, extreme weather conditions or natural disaster. For example: if there is a vandalic act in your store you can expect merchandise and property damage. Property Insurance will cover the costs of replacing any Bath and Body products stolen as well as repairing property damage.
As mentioned before, one of the significant risks of running a Bath and Body Shop is theft; Crime Insurance offers coverage in the event of employees theft, shoplifting or vandalism. Crimes can still occur no matter how many precautions you have taken choosing your staff or setting surveillance equipment. Protect your shop from this risk exposure by acquiring Crime Insurance.
Bath and Body Shops are enjoyable to run and operate when you have in mind that your clients are purchasing your goods to treat themselves after a long day. That said; don’t forget the potential risks your business could face. Take into consideration what risks your Bath and Body Shop is exposed to and cover each with the right type of business insurance. Make the right call and contact one of our agents to get a free quote.