If you are starting a small antique store, you may want to consider purchasing insurance to protect your business. Some of the insurance policies you may be interested in include Commercial property insurance, Inland marine insurance, and workers’ compensation insurance.
If you own an antique store or have a business that transports goods, you may need inland marine insurance. This coverage is designed to protect your goods during transit and storage.
Depending on the type of property you have, you can purchase a variety of different inland marine insurance policies. You can insure fine art, music, collectibles, equipment, and vehicles.
When buying inland marine insurance, you should consult with an agent. They should be able to walk you through the available products and help you determine what is best for your business. In addition to discussing the benefits, you should also take into account the cost of the policy.
Insurance can be an important part of your financial plan. It can cover you for damages and legal liability. Choosing a policy will help ensure that your business is covered no matter what happens.
Antique stores often have expensive items that must be protected while in storage, on the road, and while being displayed offsite. Fortunately, inland marine insurance can provide the protection you need.
An inland marine policy can be purchased as a stand-alone product or as part of a larger commercial package. You can choose the limits of coverage and the deductible that best suits your needs.
The value of the property you are insuring is a major factor when you are purchasing inland marine insurance. You can opt for an all-risk policy or a named-peril policy. Generally, an all-risk policy will offer more comprehensive coverage.
If your antique store has employees, you should also consider workers’ compensation. Having employees working on your inventory presents a risk of injury. Whether you have an employee driving the truck or they are lifting your furniture, the potential for personal injury is always there.
If you own an antique store, you should consider getting workers’ compensation insurance. This policy is a legally required type of insurance in most states. It will cover medical costs for your employees.
Workers’ compensation insurance is especially important if you have staff members who are involved in the lifting of heavy items. Lifting objects can be dangerous, and it can lead to back pain and muscle strain.
You may also want to consider a commercial auto insurance policy. These policies will protect you if your antique store’s vehicles are damaged in a collision.
There are a number of other policies you should consider if you own an antique store. These include general liability, property damage, and inland marine coverage.
A business owner’s policy is a comprehensive insurance package for small to midsize businesses. The policy combines property and extra expense coverage and usually comes at a discount over purchasing each coverage separately.
Antique stores often rely on valuable inventory. A loss of stock is expensive. However, even if you purchase a commercial property insurance policy, you may not be able to replace all of your items.
Business interruption insurance is another type of insurance that covers lost income and operating expenses during a period of shutdown. This can help you get back on your feet after a disaster.
Another type of insurance you can purchase if you own an antique store is commercial crime insurance. This covers your building, your employees, and your customers. Commercial crime insurance will help you protect your business against theft, burglary, forgery, and more.
For the most part, the best insurance companies will focus on attracting established businesses. To find the right provider, you should look online. Insurance brokers will help you determine your risk and point you toward carriers that specialize in your industry.