Owning a sporting goods store can be a fun, rewarding and profitable business. You promote a healthy and active lifestyle by selling sporting and fitness equipment and clothing. With all the time and effort you put into your business it would be a shame to lose it all over not having the right insurance. You can easily protect your valuable investment from unexpected risks such as theft, injured employees or customers and property damage by utilizing excellent insurance programs designed specially for sporting goods stores. There are several types of insurance that provide that needed protection.
When walking through your store you will notice that there are certain products that could conceivably be a risk to customers. Bats, balls, clubs, weights and other items can cause injuries. So can a simple slip and fall in a store aisle. General liability insurance protects you from mishaps that occur on store premises. It also covers a few other situations where you may be found at-fault for injury to others or damage to property .
The BOP may be suitable if your operation is smaller. Select a BOP program for your sporting goods store when you want general liability insurance and additional protection of your business assets. Tailor your BOP insurance to meet the unique needs of your sporting goods store. Gain coverage for things like electronic data files, business income and employee theft.
Sometimes natural disasters come along and wreak terrible damage on businesses. Weather events such as hail storms, hurricanes, tornadoes, earthquakes and floods can shut down operations, halting sales for weeks or even months. An unexpected fire may break out. Or, burglars can make off with thousands of dollars worth of goods. Property insurance protects your store in these instances.
Employees working for your sporting goods store face potential work injuries while performing their duties. Consider that employees may slip and fall, injure their back, suffer broken bones, etc. Employees working anywhere can be injured and your employees are no exception. Therefore, always have good worker's comp coverage to protect your store from potential medical and legal expenses. Moreover, many states require this type of insurance be carried.
More than likely your sporting goods store owns at least one commercial vehicle. This vehicle may driven by staff to make local equipment deliveries or to run errands. This type of business auto insurance can reimburse for damage to or theft of your vehicles or for liability when a driver causes an accident resulting in property damage or injury to others.
Consider getting commercial umbrella insurance when you feel you may need additional coverage that goes beyond what you already have with your Commercial Liability insurance.
Schedule a free consultation with one of our insurance professionals to get a proposal for the right insurance program for your sporting goods store.