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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
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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
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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
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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
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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