NO way to answer this you will need to contact an agent(s) for a quote.
Commercial Space Rental and InsuranceWhat you would need to buy for a commercial space is called Commercial General Liability Insurance. AnswerThere is a big difference between Retail and Renter's insurance. Retail insurance is for any type of basically a retail business that has an inventory used for retail purpose. Renter's insurance is used for a private individual or family that is renting a home or apartment and wants to protect their belongings from fire/flood/etc. You cannot use renter's insurance to protect a retail space which is considered business. Retail insurance does cost more. But to get the best answer to this question consult your insurance agent.
You should contact an agent, there are too many variable, (ie limits, exposures etc).
Many business insurance companies will provide liquor liability insurance. However, to make sure that you are getting both the right cover and the best deal it may be worth discussing with a broker.
The insurance cost for a retail store will vary depending on a number of factors. An average retail store will pay premiums of $500 to $2,500 per year based on the business worth.
It is difficult to say which company provides the best insurance for any business because it depends upon the business and what level and type of insurance they want. A good company for a small retail business might be Aviva or Cornell.
Assuming you mean insurance coverage for a sporting goods store, most major insurance companies insure operation of this type. Find an independent insurance agent that represents several companies, and he or she can guide you. If your business is in the U.S., you can also contact the National Rifle Association for information on shooting-related business insurance. You will need property insurance for the building and contents, and liability insurance. If you have not done so, you should consult an attorney regarding incorporating as a business.
The cost of liability insurance is going to depend on a few factors. # What type of business it is? A CPA will pay a cheaper price than a plumbing contactor. # Where is the business located? The litigious climate is different everywhere so a CPA in Dallas is not going to pay the same as one in New York City. # The last factor will be what is the rate for the insurance based on? That will depend on two things the class of business and the carrier providing the quote. For example most carriers base their rates for contractors on payroll, where retail operations may be based on their sales. Your state insurance department is your best resource for insurance-related questions and concerns. Find information on insurance companies and agents, rate quotes and comparisons, insurance buying tips, claims filing information and much more! State Insurance Department websites: http://www.naic.org/state_web_map.htm
Depends on the type of co. wether or not you need liability insurance. If you provide any kind of service in person, yes, but if it is something like retail, then insurance on the property would cover.
There are many ways to package insurance but most retail stores are eligible for a BOP, short for business owners package. Busienss owners packages combine many of the coverages you may need including property coverage for your inventory or building, and liability coverage in case someone was hurt on your premesis or injured by product you sold. If you have employees you will also need work comp insurance. If you deliver product you will need commercial auto and cargo insurance. Retail shops who vend high risk products are ineligble for BOPS, so all of these coverages need to be purchased separately.
Since we assume you already have liability insurance, that will cover all occurrences while that policy is in force. You will need a claims made 'tail' policy to cover you for products liability for the longest period of the statute of limitations of any state your product is sold in. You may want to talk to your attorney about what type of business legal entity yours was, and if any personal exposure succeeds the business. If not, you may have no personal exposure and no need for insurance. if your current policy is a claims made form then you need to buy tail covergae owever, if it is an occurance form...you have portection under that policy for ever for any events that transpired with-in the policy term.
Sentry offers both home and business insurance options. For individuals, they offer auto, home, boat, RV, motorcycle, equipment, and life insurance. They also offer business insurance for car dealerships, retail stores, food processing, and many others.
The frozen food industry was a $250 million retail business in 1947