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As a clothing store owner, do you have the right coverage?

Owning a clothing store takes a lot of work. Even before the store opens for business you must spend time and effort planning your business, picking out the ideal location, selecting products and hiring employees. Don't let all of that hard work, time and money you've invested be jeopardized. As a clothing store owner, do you have the right coverage?

Property: A fire began at the insured’s premises. The fire was a result of a careless employee smoking a cigarette in the inventory room. The fire caused both $45,000 in building damage and $14,000 in business personal property damage. In order to repair the damage, the store had to shut down for a month, causing an $18,000 loss in income and $12,000 extra expenses, which was included in the business income with extra expense coverage.

General Liability: A customer of the clothing store went to use the restroom, which had recently been cleaned by an employee. The tile floor area just outside of the restroom was still wet. The customer slipped and fell, breaking their arm. A $5,000 medical expense was immediately paid to compensate the customer for their hospital visit and the ambulance ride.

Value Plus: An employee of the store was going through tough financial times. They ‘forgot’ to turn on the alarm system when closing up for the night. No signs of break-in were evident. The storeowner noticed inventory levels were repeatedly lower when this employee closed the store. Cash in the register also was mysteriously low on these same nights. The insured notified the police, and also made an employee dishonesty claim, and a money and securities claim.

Equipment Breakdown: The piping within the hot water heater ruptured from over usage, causing the clothing store to have to shut down for 4 hours. An equipment breakdown claim was made

Come to Prime Insurance Agency to put together an insurance plan that is designed for clothing, shoe, handbag and hat stores with related accessories.

Contact Us!

At Prime Insurance Agency, we can work with you to make sure you've got the coverage you need, while at the same time using all possible credits and discounts to make that coverage affordable.

Call us at 732-886-5751 or send us a note at PRIME [at] primeins [dot] com. We want to help you meet your goals, and make sure what's important to you is protected!

 

 

Owning a clothing store takes a lot of work. Even before the store opens for business you must spend time and effort planning your business, picking out the ideal location, selecting products and hiring employees. Don't let all of that hard work, time and money you've invested be jeopardized. As a clothing store owner, do you have the right coverage?

Property: A fire began at the insured’s premises. The fire was a result of a careless employee smoking a cigarette in the inventory room. The fire caused both $45,000 in building damage and $14,000 in business personal property damage. In order to repair the damage, the store had to shut down for a month, causing an $18,000 loss in income and $12,000 extra expenses, which was included in the business income with extra expense coverage.

General Liability: A customer of the clothing store went to use the restroom, which had recently been cleaned by an employee. The tile floor area just outside of the restroom was still wet. The customer slipped and fell, breaking their arm. A $5,000 medical expense was immediately paid to compensate the customer for their hospital visit and the ambulance ride.

Value Plus: An employee of the store was going through tough financial times. They ‘forgot’ to turn on the alarm system when closing up for the night. No signs of break-in were evident. The storeowner noticed inventory levels were repeatedly lower when this employee closed the store. Cash in the register also was mysteriously low on these same nights. The insured notified the police, and also made an employee dishonesty claim, and a money and securities claim.

Equipment Breakdown: The piping within the hot water heater ruptured from over usage, causing the clothing store to have to shut down for 4 hours. An equipment breakdown claim was made

Come to Prime Insurance Agency to put together an insurance plan that is designed for clothing, shoe, handbag and hat stores with related accessories.

Contact Us!

At Prime Insurance Agency, we can work with you to make sure you've got the coverage you need, while at the same time using all possible credits and discounts to make that coverage affordable.

Call us at 732-886-5751 or send us a note at PRIME [at] primeins [dot] com. We want to help you meet your goals, and make sure what's important to you is protected!

 


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