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Retail Stores

DRickard Insurance is happy to create insurance policies for a wide variety of retail stores.

The longer you have been in business, have had retail management experience, and the more specialized your business is the better the insurance premiums can be. With specialization comes targeted insurance coverage.

Grocery, beverage and convenience stores have special needs that should be addressed including refrigerated products coverage and liquor liability coverage. A power failure could be catastrophic. Consideration for appropriate protection is needed.

Jewelry retail has a need for unique jewelry coverage forms crime coverage and lots of glass coverage.

Appliance retail usually comes with delivery and installation exposures, repair and used product sales. All of these things and more should be addressed in your policy.

Auto parts stores have delivery, complex inventory, and often association liability concerns.

Specialty stores are too many to list here. Bring your stores needs to us and we will do our best to surprise you with the options we can come up with. We can probably save you money in the wide variety of coverage that we sell.

Options

The list of insurance coverage that we find for retail stores include all of the following. Perhaps there is something in particular that you are looking for and do not see it listed below. There are many new products created each year. So many that this list is not always complete. Even if you do not find what you are looking for please call us to help you with you solution problems.

• Building Insurance

• Business Property Insurance

• Loss of Income Insurance

• Extra Expense Insurance

• Bodily Injury Insurance

• Personal Injury Insurance

• Medical Expense Coverage

• Advertising Injury Insurance

• Commercial Auto Insurance

• Workers Compensation Insurance

• NYS DBL

• Employee Benefits

• And more

Frequently Asked Questions

How much will a retail store policy cost me?

What information do I need to have to get an insurance proposal?

How much will a retail store policy cost me?

A: We have seen annual premiums for a standard policy for retail stores start at around $250 per year. Granted, this is usually not enough coverage for most businesses since you can insure only approximately $13,000 of contents for this amount of premium. Plus there is usually a need for more liability insurance than a standard policy comes with. It is best to call us for a quick proposal at 607-843-8860 or email at insurance@drickardinsurance.com.

What information do I need to have to get an insurance proposal?

A: We understand if you are just starting out you may not have all of this information. However you should do your best to estimate the answers. Here's the list:

1. How much coverage will you need for the building(s)?

2. What are the building's safety features?

3. How much contents coverage will you need?

   1. Inventory

   2. Supplies

   3. Equipment

   4. Refrigerated Product

4. What will your estimated annual sales be?

5. What will you be selling?

6. How many employees and active owners will you have?

7. How much liability coverage will you like?

Ideas To Save You Money On Insurance

What savings do you qualify for? For more information contact us at 607-843-8860 or insurance@drickardinsurance.com. Here is a partial list of some discounts, credits and favorable pricing situations¹:

• Loss Free Credit - The more years you go without a loss the longer and sometimes higher your credit will be.

• Multiple Policy Discount - The more policies you have with one insurer the better chance for better pricing you will have.

• Multiple Location Discount - The more locations you have the more you could save with policy planning and design.

• Association Credit - Some associations work with insurers to offer discounts to their members.

• Protective device discount - Smoke detectors, fire extinguishers, security systems ...

• Sprinkler discount - You could save 40%!

• And more! Contact us for details at 607-843-8860 or insurance@drickardinsurance.com.

¹ Not all discounts are available from all insurers. Contact us for details at 607-843-8860 or insurance@drickardinsurance.com