Computer Store Insurance
Running a business is one of the most time-consuming tasks of being a business owner. Counting with the right insurance coverage gives you the peace of mind you need to focus on what matters the most – managing your business. The coverage you need depends directly on the type of business you own. A Computer store owner needs to be covered against clients possibly getting an electric shock while a chef needs to be covered against burns and spoilage.
Computer stores, often sell everything you need for your computer. Some stores could offer services of reparation for the pieces of equipment and software they sell. Probably you’ll find yourself surrounded by desktops, laptops or tablets, flash drives, blank CDs and DVDs, printers, printer paper, software, keyboards, and many other accessories. Due to the risk of theft of your products, a Computer Store Insurance is essential for this and other risks your business may be exposed to.
As the owner of a Computer Store, you need to choose from more than one type of insurance coverage as there are many different policies available. Consider the following insurance policies for your different risk exposures:
General Liability Insurance
The first business insurance you need to check, and most likely obtain, is General Liability Insurance; this is the most basic and acquired insurance policy of all.
The General Liability offers coverage for injuries or property damage claims your customers present as the result of a business operation in your computer store. For example, if your store provides computer repair services and something goes wrong after the repairs, the claim should be covered by the completed operations policy included in the General Liability. Alike, any injuries that occurred in your store are covered by the Premises Liability section of the plan.
Products Liability Insurance
The Product Liability Policy offers coverage to claims made from clients that present some form of personal injury caused by one of the products sold at your business. If you sell computer accessories at your store, the risks of malfunction are common. When this equipment malfunction causes any damage to the customer, they can sue you for damages. The Products Liability Policy protects you from experiencing financial troubles as a result of the legal costs.
Business Property Insurance
If you own the building where the Computer Store is located, you’ll need this insurance coverage to protect your property and assets. The Business Property Insurance helps to cover the loss of revenue from damaged merchandise following an unexpected incident and helps to repair your building’s store.
Commercial Auto Insurance
If you use a vehicle for business purposes, you need a Commercial Auto Insurance policy. Maybe you make deliveries for your clients, or you pick up new goods for your Computer Store every other day. Take into consideration that if you were involved in a collision behind the wheel any bodily injury or property damage that occurred would be covered by the Commercial Auto Policy. Avoiding this way losses of revenue.
Cyber Liability Insurance
Your assets are more than just your employees or hardware; you need to protect the software of your business as well. Cyber Liability insurance got your back from cybercrimes, such as viruses on your website or fraud. These types of crimes are a risk if you run your business store online, or have a website for your company. With cyber liability insurance, you have financial and legal protection.
Worker’s compensation insurance is a policy required by law in most states and protects your Computer Store employees in the event of any work-related injury for:
- Medical and recovery costs
- Lost income if they need to take some time off to recover
If you run a Computer Store one of the most significant risks for your assets is theft or shoplifting. With such an expensive inventory, you should have the Crime Insurance Policy protecting your assets from vandalism and fraud.
Now that you understand the insurance options available for your Computer Store, you can make the right call to protect your business from crime. Keep your business necessities and risks in mind and give us a call! Our agents will answer any doubt that you may have and will help you with the business insurance suitable for your business.