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What types of insurance do computer and electronics stores need?
These policies provide coverage for common risks electronics stores face.
Business owner’s policy
A BOP bundles commercial property and general liability insurance in one plan. It's often the most cost-effective type of insurance for computer and electronics retailers.
BEST FOR
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Customer injuries
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Damaged business property
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Business interruption incidents
General liability insurance
General liability insurance covers common risks, such as customer property damage and injuries. Bundle with property insurance for savings in a business owner’s policy.
BEST FOR
Slip-and-fall accidents
Damaged customer property
Libel or slander lawsuits
Workers’ compensation insurance
Workers’ compensation insurance is required in almost every state for computer and electronic stores that have employees. It can cover medical costs for work-related injuries.
BEST FOR
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Employee medical expenses
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Partial missed wages
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Lawsuits over employee injuries
Umbrella / excess liability insurance
Once a policy’s coverage limit is reached, umbrella insurance (also called excess liability insurance) boosts coverage on general liability or employer’s liability policies.
BEST FOR
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Customer injury lawsuits
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Customer property damage lawsuits
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Employee injury lawsuits
How much does insurance cost for retail businesses?
Several factors will have an impact on insurance
Several factors will have an impact on insurance costs, including:
Retail services offered
Business equipment and property
Revenue
Location
Number of employees
