Insurance for Furniture Stores

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What kind of insurance does a furniture store need?

There is a certain baseline of insurance retailer needs and this list itemizes most, but not all of those:

• Building Coverage
• Business Personal Property
• General Liability
• Business Interruption Insurance
• Employee Dishonesty
• Money and Securities
• Accounts Receivable
• Insurance for Goods in Transit
• Valuable Papers and Records
• Workers' Compensation

Some important questions:

There are other insurance coverages that are advisable whether you own a small second-hand furniture shop or a multi-location operation with everything from accent pieces to furniture for complete rooms. That's just one example of the kind of variation that can influence the type and amount of insurance protection you should be considering. Here are some questions that any insurance professional should ask before proposing a retail furniture store program:

• Do you own or lease your furniture store location or locations?
• If you lease, have you made improvements and modifications to the store building?
• Do you offer assembly service or delivery service? Are these services provided by employees or a third party contractor?
• Is your inventory insured while it is in transit between stores, or between a warehouse and one of your retail locations?
• Do you store, even for a short time, customer credit card information?
• Do you own or rent company vehicles?
• Are you complying with state worker's compensation requirements?
• Do you extend credit to customers?

There are other questions but you don't need to worry about those, that's why we are here. We have experience providing insurance and superior service for furniture stores of all types...and we have the markets to make sure we fit you with the right coverage at the right price.