Appliance stores play an important role in the lives of Canadians. Individual and commercial consumers need different appliances in their homes or offices to live a comfortable and fulfilling life. Many parts of an individual’s daily routine, such as cooking, laundry, or cleaning require appliances to make the process more efficient. Appliance stores not only provide comfort to the lives of Canadians, but also convenience.
Whether you only sell appliances or also deliver and install them, accidents can happen, leading to costly repercussions. Appliance stores must ensure they have the right insurance to protect themselves against liability and litigation or theft or damage to their inventory and others assets.
With ALIGNED, we equip our clients with custom appliance store insurance that fits their budget and needs, so they can operate confidently.
Why is Appliance Store Insurance Important?
Appliance stores can have a large inventory, with appliances that cost hundreds of dollars or more. Appliances are large, heavy, and can cause injuries or damages during the purchase, delivery, and installation process.
- A client visits your appliance store and is injured while on your premises.
- Your employees cause an injury or property damage while installing the appliance into your client’s home.
- Your employees install an appliance into the customer’s home that later causes an injury or damages their property – i.e., water leaks, mold growth, etc.
- One of your employees is involved in a collision while transporting the client’s appliance to their house.
Having appliance store insurance custom to your circumstances and coverage needs can protect you when these risks occur.
What Does Appliance Store Insurance Cover?
Commercial General Liability Insurance – also called CGL insurance, provides coverage for injuries, bodily harm, and property damages occurring to a third party during your business operations or while on your premises. For example, if a client slips and falls, you are covered for lawsuits, losses, and medical expenses. This also includes any potential liability associated with any products sold for injury and/or property damage.
Commercial Auto Insurance – covers third party liability, medical expenses, property damage, loss of income, disability benefits, and more if you are involved in a collision while making a delivery to a client or attending a scheduled installation.
Commercial Property Insurance – your appliance store relies on your building and inventory to operate successfully. It’s important to ensure your assets are protected in the event of a fire, vandalism, flood, or other natural accident beyond your control.
Business Interruption Insurance – an extension of property insurance, business interruption insurance provides compensation for when your appliance store closes temporarily due to an unexpected event that’s out of your control, such as a flood. Lost income, repairs, and other related expenses will be covered.
Find the Right Appliance Store Insurance from ALIGNED
ALIGNED works with Canada’s top insurance companies to provide custom insurance packages at affordable prices. Click Here To Get A Quote or contact one of our business insurance experts for information or with any questions you may have