men's clothing

So you’ve just started up a shop dedicated to one of the most popular industries in the United States and are unsure where to go next. Your boutique is running well, the location is great, and besides training employees, your startup costs and activities have gone smoothly.

The next step for business owners entering into the clothing retail industry is to obtain business insurance. Potentially the most crucial type of insurance for clothing companies to get is something called general liability insurance. For clothing stores with this kind of insurance, the risk of losing a business due to an accident that you have caused is significantly lowered.

Each year, countless retail businesses go under because they were caught not having the right liability coverage, or they needed to dip into business finances to pay off accident claims. Having a competent insurance agency and an all-encompassing general liability insurance policy will save your company from losing assets and income in the case of an accident. Small Business Liability has helped thousands of business owners, some of which are in the clothing business, get the coverage they need to continue their dream job safely.

About Insurance for Retail Businesses

There are many types of insurance businesses must think about. Some of the most typical plans include a business owners policy, workers compensation insurance, property insurance, and commercial auto insurance. Although more specialized policies can be added on, the most important thing to remember about all these policies is that none of them cover the same thing.

If your business is looking for one particular insurance policy that protects one particular kind of store, the best place to start is with a solid general liability policy.

This type of insurance coverage keeps your clients and third parties safe, should your clothing company ever be considered at fault for causing an accident. Claims that are typically covered by liability insurance include:

  • Bodily injury and the medical bills that are charged as a result
  • Product liability in the event that your company sells a faulty product
  • Property damage, including commercial property you rent to sell your clothing
  • Non-physical liability claims, such as damage that affect the emotions or reputation of a client or third party
  • Customer property or information thay may be lost or mishandled during a data breach

What it does not include is:

  • Workers compensation insurance
  • Inurance protection against natural disaster
  • Equipment breakdown
  • Business interruption insurance
  • Commercial auto insurance

With these details in mind, it will be that much easier to save money on these separate insurance policies by working with our company to create a policy bundle for your retail store. It might seem complicated, but you’ll ultimately be protecting your business income and equipment, as well as practicing good risk management by working with a dedicated insurance agent for your coverage.

Small Business Liability is a team of competent, focused, and compassionate insurance agents who help retail stores set liability limits that work for them. For more information about the services we provide, or to get started with our line of business insurance products, please contact us today! We’ll provide all the information you need to make the most informed decisions regarding your boutique’s livelihood.

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