Congratulations on your new store! Running a new business is exciting. You've also probably put a lot of money in starting your clothing store, so make sure you protect it with the proper coverage.
Here's a list of the essential covers you'll need for your clothing store:
- commercial property insurance: Protects your shop against fire, water damage, burglary, and more.
- Public liability insurance: Protects you against liability for injuries or property damage to third-parties. For instance, you can be held liable if a customer slips and falls in your store. While performing renovations, you can also be held liable for property damage you cause to neighbouring stores.
- WICA insurance (work injury compensation insurance): Protects your employees from work-related injuries and sickness, including Covid-19 infections.
4. Fidelity guarantee insurance: Protects your business against employee theft. For instance, if your employees steal money from the cash register, or steal inventory, you'll be covered.
Here's a comprehensive guide on retail shop insurance.
Congratulations on your new store! Running a new business is exciting. You've also probably put a lot of money in starting your clothing store, so make sure you protect it with the proper coverage.
Here's a list of the essential covers you'll need for your clothing store:
4. Fidelity guarantee insurance: Protects your business against employee theft. For instance, if your employees steal money from the cash register, or steal inventory, you'll be covered.
Here's a comprehensive guide on retail shop insurance.