Operating a retail store in Columbus, OH comes with its unique set of challenges and risks. In this blog post, Ferrell Agency will explain how commercial insurance serves as a lifeline for Columbus retail stores.
Property Insurance for Retail Stores
Property insurance is crucial for retail stores. It covers the physical structure of your store and its contents, including inventory, equipment, and fixtures, against damage or loss due to events like fire, theft, or natural disasters.
Liability Insurance for Retail Stores
Liability insurance protects your retail store if someone is injured on your premises or if your business operations cause damage to someone else’s property. It covers legal fees and any settlements or judgments if your store is sued.
Business Interruption Insurance for Retail Stores
Business interruption insurance compensates for lost income if your store has to close temporarily due to a covered event, like a fire or a natural disaster. It can also cover operating expenses like rent and payroll during the closure.
Workers’ Compensation Insurance for Retail Stores
Workers’ compensation insurance covers medical expenses and lost wages if an employee is injured on the job. It’s a legal requirement in most states, including Ohio.
Commercial insurance is a lifeline for Ohio retail stores in Columbus, OH, providing crucial protection against a range of risks. For more information, contact Ferrell Agency today.
