Thousands of business owners put all of their time, money and effort into the opening and operation of retail clothing stores. You may think that owning a clothing retail store, business owners may not be subject to the same hazards and risks as other industries. However, that would be an incorrect assumption. Many clothing retail stores experience large amounts of foot traffic and allow anyone to enter the store. With this, there are unpredictable risks that must be accounted for. How do you account for the unpredictable? Insurance!
General Liability Insurance for clothing stores
General liability insurance is critical for any business with a physical storefront. Before a customer even enters your store, you are responsible for creating a safe space for every person who enters. No matter how much effort you put into that, there are still cases where a customer can get hurt or their belongings damaged. With insurance, you can cover the financial cost in association with these accidents. General liability policies typically cover costs associated with protecting your brand from copycats. Acquiring funds to defend or pursue a branding infringement claim is simple with a general liability policy.
Product Liability for clothing stores
Imagine you sell a customer an article of clothing and it rains and the dye bleeds onto their skin. You might be looking at a lawsuit because you sold them a defective product. No matter how unlikely the scenario, it is always better to be over-prepared than under-prepared, and especially when it has to do with potentially large amounts of money. Product liability insurance covers costs that arise following a customer’s interaction with a defective or mislabeled product.
Product Liability
Imagine you sell a customer an article of clothing, it rains and the dye bleeds onto their skin. You might be looking at a lawsuit because you sold them a defective product. No matter how unlikely the scenario, it is always better to be over-prepared than under-prepared, especially when it has to do with potentially large amounts of money. Product liability insurance covers costs that arise following a customer’s interaction with a defective or mislabeled product.
Cyber Insurance for clothing stores
If you own a retail clothing store, then chances are you have an online store as well. Protect you and your customers from online attacks and data breaches with cyber insurance. Cyber insurance funds can be accessed in order to pursue investigations, replace corrupt software or hardware and to recover missing data.
Crime Policy
The retail sector loses thousands of dollars each year to crime. With a crime insurance policy, events like fraud and employee dishonesty can be covered. If you lose thousands of dollars to fraud or internal theft, your criminal insurance policy will provide funds to make up for the damages, and sometimes, for new measures to be put in place so events can be avoided in the future.
Interested in insuring your clothing retail business? isure insurance can help! Call our team of insurance experts today and get the best quote with the lowest cost !
Crime Policy
The retail sector loses thousands of dollars each year to crime. With a crime insurance policy, events like fraud and employee dishonesty can be covered. If you lose thousands of dollars to fraud or internal theft, your criminal insurance policy will provide funds to make up for the damages, and sometimes, for new measures to be put in place so events can be avoided in the future.
Interested in insuring your clothing retail business? isure insurance can help! Call our team of insurance experts today and get the best quote with the lowest cost !