Specialty sporting goods stores provide incomparable service for those who hunt, fish, exercise, and play in organized sports. While national chains claim to have everything you might need for those activities, specialty lures, hunting goods, and other workout equipment is usually impossible to find in these establishments. If all you have as your local option is a chain store, most specialty goods will need to be ordered — which costs the typical hunter, fisherman, or outdoorsman much more.
As a business owner, you understand these needs and know that specialty is often better than the general option. At Small Business Liability, we feel the same way about our business insurance products. We strive to provide customizable insurance policies to our customers at rates they can afford, because we know that a custom-fit solution is better than a mass-produced one.
More About Custom Liability Insurance for Sporting Goods Stores
Most states in the United States have some sort of legal requirement for insurance coverage. Business insurance policies, which often include general liability insurance, can be tailored to fit the needs of specific industries. Therefore, sporting goods insurance is a type of insurance for independent shops, which protects clients and third parties against accidents your company is found to be at fault for.
Some of the more typical incidents that this type of business owners policy covers include:
- property damage done to rented properties
- cyber liability for credit card transactions, plus other digital transactions your store is responsible for storing and protecting from security breaches
- bodily injury in the event that a good sold or a worksite setup causes it to happen
- the resulting medical expenses from bodily injury
- employee dishonesty that causes injury to a client, whether it is physical or non-physical in nature
- product recall in the event your company sold the faulty items in question
However, this type of insurance does not cover:
- workers compensation insurance
- commercial auto insurance
- natural disasters
- extra expenses
Although it does not explicitly not cover it, this type of insurance also prevents loss of income due to liability claims. When businesses are found liable for an accident and do not have professional liability insurance to cover those claims, they can lose thousands to millions of dollars all at once. Paying into an insurance plan through a reputable insurance company allows you to remain covered, all while providing for your clients in the spirit of professionalism specialty businesses such as yours count on to remain afloat.
Don’t let your business get caught without general liability insurance. Not only could it cost you significantly more in the long term, but it also saves your business reputation from unnecessary ruin. Get a quote today and see how your business is impacted for the better!
For a free quote, contact one of our insurance agents and simply make the request! Your business assets are our biggest priority. Specialty insurance programs, like the ones offered by Small Business Liability, are made to keep your company covered when liability claims are made against your business.