Protect your retail business with the right insurance coverage.

As a retailer, you face a variety of risks.  This is why it’s so important to secure the right commercial insurance in Lubbock, Texas.  Not sure which types of coverage you need?  Then read on to learn about the most essential types of business insurance for retailers.

  • Commercial Property Insurance

If your retail store operates out of a physical location, then you need to protect it with the right commercial property insurance.  This type of insurance offers protection for the physical structure of your building, along with the equipment, inventory, furniture, supplies, and other property that your business owns.

  • General Liability Insurance

All businesses can benefit from having general liability insurance.  This type of insurance offers financial protection in the event that your business is held responsible for third-party injuries or property damages.  General liability will cover the cost of the affected party’s losses as well as your legal fees in the event of a lawsuit.

  • Workers’ Compensation Insurance

If you have hired employees to work in your store, then you need to protect them with the right worker’s compensation insurance.  This type of insurance will cover the costs associated with an employee getting hurt or becoming ill while on the job.  This includes the costs of their medical treatment, rehabilitation, and lost wages.  Additionally, if the injured employee decides to sue, then your worker’s compensation insurance can be used to cover your legal fees.

  • Cyber Liability Insurance

If your retail business sells online, then you need the protection offered by cyber liability insurance.  This type of insurance will offer coverage to help you bounce back after a cyberattack or IT emergency.  For instance, cyber liability insurance will cover the costs of informing your customers of a data breach, recovering lost information, restoring compromised identities, repairing damaged computer systems, and so on.

These are some of the insurance protections that retailers need.  Do you need help with your commercial insurance in Lubbock, Texas?  If so, then contact the experts at Promised Land Insurance Group.  We are ready to assist you with all your business insurance needs today.


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