Retail insurance protects you and your business against customer accidents with General Liability coverage. Your options for coverage of your retail business must also include consideration for your Property, with protection against fire, vandalism, and other property damage. Crime Insurance covers losses of money or securities from theft, forgery, fraud, etc.
Since you don’t always know what kind of coverage you’ll need, Umbrella Coverage adds or extends extra liability to protect your retail store business and/or assets from unexpected events that might not be covered by other policies or coverage. It’s smart business sense to be prepared for every eventuality, no matter how remote the possibility may be.
As you cover the entire basis, there could be variables outside of your control that will affect your income. It could be that your competitors have somehow been able to snag a higher-than-expected chunk of your business, or a natural disaster may have caused unexpected business losses and interruption due the closed facility or rebuilding.