Q:Question I'm thinking about turning my online clothing boutique into a brick-and-mortar business. I sometimes worry about the things that might go wrong – from theft to an accidental electrical fire. Is there insurance coverage to relieve my worries?

We posed this question to Shelly Maby, a Farmers Insurance^® agent based in Phoenix, Arizona. Here's what Shelly had to say about insurance coverage for retail shops.

A:Answer No matter what type of retail business you own – a flower shop, an appliance repair shop, a dry-cleaning operation, a kite store, a clothing boutique (you get the picture) – shop insurance may be helpful to help you protect your business against financial losses.

The type of shop insurance coverage you may want, depends on your type of business. However, it may be helpful to think about:

1. Property insurance
2. Fire coverage
3. Business liability coverage
4. Business income coverage
5. Workers' compensation insurance
6. Umbrella insurance

Whether a claim will be covered will always depend on the facts and circumstances of the claim and the provisions of the policy at issue. However, generally, the following are a few example scenarios that may be covered by different types of shop insurance:

• If you are forced to close your business after a fire, fire insurance coverage may pay for repairs to the building (whether you rent or own it) and business income coverage may provide an income for you while the business is closed for repair or relocation.
• If your store is robbed and computers or merchandise are stolen, a business crime policy may pay for replacements; this type of insurance may also offer additional consulting services that could help you strengthen your security and reduce the risk of employee theft and robbery.
• If a customer slips and falls in your store and suffers a serious injury, a business liability policy may pay for legal and medical expenses associated with a lawsuit. Umbrella insurance can add liability protection if the injuries and/or damages are extensive.
• If you have a delivery van or use your personal vehicle for business errands and have an accident, auto coverage may pay to repair damage or other losses.
• If hackers steal customer credit card information from your business, cyber liability coverage may pay for theft monitoring services, which can alert your customers to theft associated with the security breach.
• If an employee is hurt while they're on the clock–such as a back injury from carrying heavy boxes or a fall down stairs – workers' compensation coverage may provide your employee income replacement and medical benefits, and it may provide you coverage for defense costs if a lawsuit occurs.

Because no two retail operations are exactly alike, it's important to think about your particular business needs. Shop insurance policies aren't one-size-fits-all, so let us know if we can help you create a plan with coverage that fits your unique business needs.

The information contained in this page is provided for general informational purposes only. The information is provided by Farmers^® and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to this article or the information, products, services or related graphics, if any, contained in this article for any purpose. The information is not meant as professional or expert advice, and any reliance you place on such information is therefore strictly at your own risk.

Produced on behalf of the following specific insurers and seeking to obtain business for insurance underwritten by Farmers Insurance Exchange, Fire Insurance Exchange, Truck Insurance Exchange, Mid-Century Insurance Company, Civic Property and Casualty Company, Exact Property and Casualty Company, Neighborhood Property and Casualty Company, and their affiliates. In Texas, insurance is underwritten by Farmers Insurance Exchange, Fire Insurance Exchange, Truck Insurance Exchange, Mid-Century Insurance Company, Texas County Mutual Insurance Company, Mid-Century Insurance Company of Texas, and Texas Farmers Insurance Company. In New York, insurance is underwritten by Farmers Insurance Exchange, Truck Insurance Exchange, Mid-Century Insurance Company, and Farmers New Century Insurance Company, home office Los Angeles, California.

Life insurance is issued by Farmers New World Life Insurance Company, 3003 77th Ave. SE, Mercer Island, WA 98040.

Each insurer has sole financial responsibility for its own insurance products. Visit farmers.com for a complete list of companies. Not all insurers are authorized to provide insurance in all states. Not all products, coverages and discounts are available in every state. Restrictions, exclusions, limits and conditions apply. See agents for details.

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