Business insurance for retail stores
Your retail business is unique. Help protect what you’ve built with the coverage you choose.
Why should I consider insurance for my retail business?
As the owner of a retail business, you should consider a variety of different coverages to help protect your customers, employees and property. Your State Farm® agent can help you determine which ones will help meet your needs.
Who might benefit?
Examples of who may benefit from insurance for retail businesses aren’t limited to the ones listed. Reach out to your State Farm agent to learn more.
Retail business
- Arts & craft stores
- Automobile, parts accessories & specialty stores (no repair/installation)
- Bicycle store sales & service
- Books & magazine stores
- Bridal shops
- Camera shops
- Ceramic & pottery dealers
- China & glassware stores
- Clock shops
- Clothing shops & boutiques
- Department or discount stores
- Fabric stores
- Formal wear rentals
- Gift, card & stationery stores
- Hobby, trophy & framing stores
- Leather goods
- Musical instruments
- News shops & stands
- Novelties & costume jewelry
- Shoe store
- Sporting goods
- Toy stores
Home product sales
- Appliances sales & service
- Audio-video equipment – sales & service
- Computers, office equipment & furniture
- Floor covering stores
- Furniture stores
- Home improvement stores – retail
- Housewares, including lighting fixtures & fans
- Paint, wallpaper or wall covering store
- Swimming pool equipment & supplies
- Vacuum cleaner/sewing machine sales & service
- Window treatments stores
What does insurance for retail businesses cover?
This insurance provides a broad range of coverages for retail business owners.
Property
Helps protect your business building(s), contents and equipment from a covered accidental direct physical loss
Liability
Helps cover you financially against costly claims and lawsuits covered under the policy
Loss of income
Covers the actual loss of business income due to a suspension of operations from a covered direct physical loss to the insured premises
Employee dishonestly
Helps protect against direct physical loss to business property, including money and securities, resulting from dishonest acts committed by employees
Computer property
Coverage for computer equipment used in the business operations, which could be damaged in a loss or stolen
Equipment breakdown
Helps protect against damage to covered property caused by mechanical breakdown, power surges, explosion of steam boilers or loss of steam/hot water boiler
Coverage in action
One of your employees has been allowing several friends and acquaintances to use his employee discount to purchase high-end merchandise. Employee dishonesty coverage may help offset your losses.
How to protect your small business
Insurance for retail businesses includes a variety of coverages to help protect your store and its assets.
Brands and labels
Provides coverage for the cost to remove brands and labels and/or stamp salvage on merchandise that has been damaged by a covered cause of loss
Utility interruption loss of income
Offers coverage for loss of income caused by the necessary suspension of your business due to failure of communications, water, natural gas or electrical service to the premises
Signs
Helps cover loss to outdoor signs attached and unattached to buildings at the business location
Frequently asked questions about insurance for retail businesses
The price varies based on a variety of items including your line of work, location of the business, inventory and property values, claims history, and annual business revenue.
The first step is to assess your risks. What types of accidents, natural disasters or lawsuits could damage your business? Armed with this information, reach out to a State Farm agent, who’s a business owner, too. They can help you with a quote for small business insurance, as well as identify any additional coverages you might need.
Liability coverage helps protect your business in the event it is liable for injury to a customer or if you damage property belonging to a customer.
Certificates of insurance provide proof that your business is insured, which is often required by a landlord to prove that you have insurance coverage.
Get a local agent who gets you
There’s a State Farm agent nearby ready to offer personalized service to fit your specific needs.
Simple Insights®
Looking for ways to help keep your small business running smoothly? You’ve come to the right place. Articles from Simple Insights draw on over 100 years of State Farm knowledge.
Prices are based on rating plans that may vary by state. Coverage options are selected by the customer, and availability and eligibility may vary.
This is only a general description of coverages of the available types of business insurance and is not a statement of contract. Details of coverage, limits, or services may not be available for all business and vary in some states. All coverages are subject to the terms, provisions, exclusions, and conditions in the policy itself and in any endorsements. Contact a State Farm agent for more information and a customized quote.
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State Farm Mutual Automobile Insurance Company
State Farm Indemnity Company
State Farm Fire and Casualty Company
State Farm General Insurance Company
State Farm Life Insurance Company (Not licensed in MA, NY or WI)
State Farm Life and Accident Assurance Company (Licensed in NY and WI)
Bloomington, IL
State Farm County Mutual Insurance Company of Texas
State Farm Lloyds
Richardson, TX
State Farm Fire and Casualty Company
Tallahassee, FL