Property All-Risk (PAR) insurance protects your retail and wholesale locations from risks like Fire, Lightning, Explosion, Aircraft Impact and Smoke (FLEXAS), Typhoon, Storm, Flood, Water Damage (TSFWD), Riot, Strike, Malicious Damage, Civil Commotion (RSMDCC), Earthquake, Volcanic Eruption, and Tsunami (EQVET).
Example: If a fire damages your storefront, PAR insurance covers the cost of repairs, allowing you to quickly restore operations.
Business Interruption insurance covers financial loss if your business is disrupted due to property damage.
Example: If a flood damages inventory, forcing a temporary closure, BI insurance would cover lost income and ongoing expenses until reopening
Public Liability insurance protects your business from claims if a customer or third party is injured or their property is damaged on your premises.
Example: If a customer slips and falls in your store, Public Liability insurance covers medical expenses and legal fees if a claim is filed.
Product Liability insurance covers claims if a product you sell causes injury or damage, essential for businesses handling consumer goods.
Example: If a customer is injured due to a product, this insurance covers legal costs and compensation.
Cyber Liability insurance protects against the financial impact of cyberattacks or data breaches, essential for businesses handling customer data or online sales.
Example: If your system is hacked and customer data is stolen, Cyber Liability insurance covers recovery costs and liability claims.
Employee Benefits insurance helps provide health, life, and disability coverage including medical expenses (Inpatient & Outpatient) for your employees enhancing retention and job satisfaction.
Example: Providing health insurance and life benefits boosts employee morale and retention, especially valuable in retail where turnover can be high.
Cash in Safe insurance protects your business from the risk of cash theft or damage while stored on your premises, ideal if your business uses cash as a primary transaction method.
Example: If a break-in occurs overnight and cash is stolen from a safe, CIS insurance covers the loss, reducing your financial impact.
Cash in Transit insurance covers the risk of cash theft or damaged while being transported from your business location to a bank or other site. This is critical for cash-based retail operations.
Example: If cash is stolen during transit to the bank, CIT insurance compensates for the loss, securing your daily revenues.
Fidelity Guarantee insurance protects your business against financial losses due to fraudulent activities or theft committed by employees. This coverage is beneficial whether transactions are online or in-person.
Example: If an employee embezzles funds from the company, Fidelity Guarantee insurance compensates for the loss, helping maintain financial stability.
