Running a clothing store is tiring work. With kids mixed into the equation, the whole process can put strain on business owners. Startup costs, product liability, possible breakdown of equipment, and workplace safety are all considerations which must be taken into account prior to creating a kid’s clothing store from the ground up. Luckily, most of these fears can be remedied, provided they are equipped with the right business insurance policy.
Small Business Liability is one of the premier general liability insurance providers in the United States. The work we have done in cooperation with thousands of small businesses around the country has sharpened our expertise when it comes to providing the best types of insurance for retailers. We’re ready to help you with acquiring or revising the insurance coverage policy that protects your children’s clothing boutique from the risks it faces every day.
About Retail Store Insurance
General liability for clothing stores is a type of specialized insurance that covers any damage or accident that affects clients or third parties, if they deemed to be the fault of the retailer. For children’s clothing outlets, the protections general liability can offer keeps the long-term success of your business at a nominal level. If you’re in this trade, chances are it is because you care about children. But anyone who has spent time with children knows they like to get into things, unwittingly cause trouble, and makes shopping for their parents (and for retail businesses) that much more of a viable concern.
Small business owners can avoid liability issues by including liability insurance in their budget. Covered under this type of insurance is:
- property damage done to items owned by a client or third party
- reputational damage that is done either in-store, out of store, or online via social media or any other outlet
- bodily injury and its resulting medical costs
- non-physical damage, such as verbal abuse
Unfortunately, this type of insurance only applies to those not directly involved with your business. This coverage does not include:
- workers’ compensation insurance
- life insurance for any employees
- Coverage in the event of natural disasters
- property damage done to your own property
- equipment breakdown
Speaking with a commercial insurance agent about the intricacies of your children’s clothing store will help you get the full coverage you need. Additionally, having this kind of insurance will also ensure you are complying with local laws and regulations regarding insurance coverage.
Working with an agent also grants you the opportunity to bundle insurance coverages together for a lower cost than you would pay if you got multiple separate insurance policies. You may be saving thousands of dollars yearly if you choose to lump your liability policy, workers compensation insurance, commercial auto, and other necessary insurance policies together. For more information about how to do that, contact Small Business Liability, and we’ll give you all the information you need to make the most informed decision regarding your unique needs.
When you speak with a licensed, knowledgeable insurance agent, you’re practicing good risk management for your business. We here at Small Business Liability are proud in the fact that we help new businesses in the apparel industry get the coverage they need to remain successful throughout the life of their business. So the question from here on out is, are you ready to get started?