For many retailers, operating a women’s clothing store is a lifelong dream come true. Keeping on top of fashion trends and finding specialty products for your loyal clients probably doesn’t feel much like work most days. You might focus on a single small niche of women’s clothing like wedding attire, hosiery, or lingerie, or you might operate a used clothing store, or incorporate carry a wide variety of accessories with your clothing inventory. No matter what you love about women’s clothing, your store reflects your personal tastes.
And the business you’ve built from the ground up shouldn’t be threatened by avoidable risks. That’s where Women’s Clothing Store insurance comes in, in the form of a package that’s tailored to fit your business.
Why does your Women’s Clothing Store need insurance?
There are many instances that could come up while running your clothing store that could pose a risk to your investment. A wide variety of factors, including those who don’t anticipate, could influence your operations.
-A customer could be injured by a falling display in your store and initiate legal action against you.
-Your online store could be compromised by a malicious hacker, and all the time, hard work, and money you put into it is lost. Not only that but you lose the business you would have done while the website is down.
-You find out one of your staff is stealing a small amount of clothing each month and selling it on an online platform.
Insurance Coverage to protect your Women’s Clothing Store
There are several types of insurance that should form part of your Women’s Clothing Store insurance package. Some of these to consider including the following:
Commercial General Liability to protect against the possibility of customers being hurt on your property or sustaining damage to their own property while visiting your location. This coverage also addresses any harms from advertising. Your legal costs and damages would be covered in the event of a lawsuit.
Commercial Property Insurance in the case that your store location is damaged by extreme weather, fire, vandalism, or theft. This coverage includes all the items contained in your clothing store.
Small Business Employee Theft Insurance will cover you for losses incurred through employee theft of goods, money, or other assets, as well as fraudulent activities.
Business Interruption Insurance will protect your business in the event that you have to close for a period of time due to unforeseen circumstances.
Commercial Auto Insurance should be a consideration if you operate a company vehicle for deliveries or other business.
Find the Right Women’s Clothing 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.