This insurance is for service businesses such as optometrists, and retail establishments such as pet stores, shoe stores and hardware stores, as well as retail businesses that also install their products, such as carpet/flooring stores.
Service / Retail / Wholesale Businesses
Some of the included coverages for service/retail/wholesale businesses:
Building and Business Personal Property
- Helps replace or repair your building and its contents if it is damaged by a covered loss.
Business Income and Extra Expense
- Covers you in the event your business has to close due to a covered loss. You will be reimbursed for your actual loss of income and the extra expenses you incur for up to one year.
- Provides protection for damages relating to bodily injury and property damage that arise out of your business; and personal and advertising injury for example, if a competitor of your business complains that an act, advertisement, practice, or comment you or your staff has made has damaged their business.
- Covers damage to your computer equipment and the restoration of electronic data that is destroyed or corrupted by a covered loss.
- Covers dishonest or fraudulent acts committed by your employees.
Employment Practices Liability
- Protects you from claims made alleging injury to your employees due to work-related discrimination, negligent hiring or termination, or harassment.
- Extends your Building and Business Personal Property coverage to protect your highly sensitive equipment from loss due to mechanical breakdown.
- Includes expense reimbursement and identity recovery services to assist in resolving and correcting credit history and identity records.
Money and Securities
- Protects money and securities used in your business if they are stolen, lost or destroyed.
Money Orders and Counterfeit Money
- Covers loss due to the acceptance of fraudulent money orders or counterfeit money.
- Covers your sign in the event of damage.
Valuable Papers and Records
- Helps you restore or recreate your valuable documents and records if they are damaged by a covered loss.
Optional coverages are also available to customize your policy to meet your unique needs.
- Provides comprehensive data security and privacy coverage that address both first-party losses and third-party liability claims, expert claims handling and breach response services in the event of a suspected breach, and a risk management website which provides information, guidelines and tools to help mitigate risk before a breach occurs.
Money saving discounts for:
- Multiple policies with Merchants Insurance Group
- Protective devices for fire or burglar alarms
- Automatic sprinkler systems
- Association Membership