insurance for retailers

There’s no such thing as an off-the-rack insurance solution.

The pulse of the economy is measured by many factors, including consumer retail spending. Retailers – from upscale boutiques in picturesque neighborhoods to national chain stores in shopping centers to one-off family owned shops in strip malls – depend both on their customers and their inventories to keep their doors open.

For more than 30 years, Martin Insurance Group has helped retailers in New Jersey, Pennsylvania, and Connecticut protect their businesses with sound insurance solutions, including during tough times. We work with our clients to understand their needs and concerns and ensure that their insurance program reflects the issues important to them while at the same time providing guidance on how to mitigate risk, stem losses, and keep premiums in line.

Protect Your Storefront, Inventory, Employees & Customers.

Our custom-tailored insurance programs are designed to protect against potential hazards, including accidents and injuries to customers on the premises, inventory loss due to a fire, a burst pipe that destroys all of your stock, as well as theft from consumers and employees. We’ll design a program that includes liability insurance and property coverage for your building and business property and inventory. We will also address your business income needs in the event you are forced to shut down due to a covered loss while repairs are being made. Business interruption insurance will cover the loss of revenues during this time, expenses that need to be covered (such as utilities, payroll, etc.), and extra expenses that may involve a temporary relocation. You can also opt to include a provision in the policy allowing you to increase the maximum benefit during specific periods of the year, such as the weeks leading up to the holiday season.

The professional staff at Martin will also evaluate your need for dependent business interruption insurance, particularly if your retail operation relies on another business (an anchor store or a supplier, for example) and that business suffers a loss causing your store to also experience a loss. You may also want to consider utility/services interruption coverage, designed to protect your business if it’s affected by a loss of services, such as electrical, telephone, air conditioning systems, sewage and other services that are vital to your business operation.

Flood insurance is also a critical coverage, as too many businesses found out in the wake of Super Storm Sandy. In addition, our staff can discuss the need for cyber liability to protect you against data breaches and unauthorized use of personal information; crime and employee dishonesty insurance; workers compensation to cover your employees in the event they’re injured on the job; and employment practices liability to cover the costs of defending employee-related lawsuits alleging discrimination, sexual harassment, wage-and-hour disputes and other workplace issues. There are also other coverages, including commercial auto, and enhancements we can discuss with you once we have an opportunity to review your specific retail operation.

Call now to speak with a representative about insurance for retailers. With clients in Mercer, Middlesex, Monmouth, and Ocean Counties, as well as Bucks County, PA, Martin has the experience and expertise to protect you and your business. We invite you to find out more about the difference we can make in insuring what’s important to you. Please click here for a quote or give us a call at 800.353.5000.

Q. Why do I need retailers insurance?

A. Without specialized business coverage such as retailers insurance, everything you put into a company could easily be wiped out with one accident, lawsuit, or other unplanned hardship. Martin Insurance Group can help you assess your needs and get the right business insurance for your organization. Whether it’s as simple as a BOP (Business Owners Policy), specialized industry coverage like retailers insurance, or even a cyber liability policy, we can help.

Q. Why should I buy retailers insurance from you?

A. Martin Insurance Group works with hundreds of New Jersey, Pennsylvania, and Connecticut businesses of all sizes, in a diverse range of industries. Chances are we have helped insure businesses similar to yours before ...READ MORE, so we know the ins and outs of your industry. What’s more, we have been selling insurance since 1983 and are a stable company you can trust.

Here are some additional reasons customers trust us for their commercial insurance needs:

We could save you money.
As an independent insurance agent, Martin isn’t tied down to one solution. We can compare policies and pricing on coverage such as general liability, workers compensation, and business umbrella insurance from a variety of providers and help you choose the one that’s right for your business’ unique needs.

We might even recommend one business insurance provider for part of your coverage and another for other coverage – whatever makes the most sense.

We stay on top of the paperwork.
With all that you have going on, it’s easy to forget to file or renew coverage. So Martin has developed quality control systems that ensure your commercial insurance records are current. We’ll even help you through the auditing process. No more scrambling to meet dates or find certificates – your Martin team will make sure you are on the ball and in compliance.

Q. I already have retailers insurance. How do I know if it’s the right type or amount?

A. If you already have some form of retailers insurance, but are not sure if it is the right type or amount of coverage, schedule a no-obligation review of your existing policies.

Our experienced team is generally able to identify gaps in coverage or opportunities to save money. Contact Martin today to schedule a complimentary review.

Email: • Toll-Free: 800.353.5000 • Telephone: 609.356.1500
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