Grocery Store Insurance | Supermarket Insurance
Grocery Store Insurance can be the difference between success and bankruptcy. Grocery Stores can shape a community and can be a great source of income. 
Having The Proper Grocery Store Insurance Policy Coverage will be your greatest tool if you have a loss.
As a Grocery Store Owner it is imperative that you insure your business so it is properly protected with the right Grocery Store Insurance Policy. Our agency offers the best Grocery Store Insurance coverage for the best rates.
Grocery Store Insurance | Supermarket Insurance Coverages
The Property Insurance on your Grocery Insurance Insurance Policy can ensure that the buildings that you own and/or business property and inventory against physical loss or damage.
If you don’t own your building, you’ll still need to insure the contents. In most Grocery Store Insurance Policies, property insurance for business contents covers furniture, fixtures, inventory, office equipment and other supplies stored at your facility or off-premises. You may insure those items for replacement cost or for actual cash value (ACV), which pays only for the depreciated value of the property.
Replacement cost policies have higher premiums, however, they can help your business recover from a loss faster, since you can replace all of the lost or damaged property with new items. If you lease some of the equipment at your business, the leasing company may require that you insure the property at replacement value.
Grocery Store Insurance Loss of Use or Business Income
The Loss of Use or Business Income coverage on your Grocery Store Insurance Policy will protect your revenue stream in the event of a loss or damage to your establishment. If your Grocery suffers from a fire, water damage, collapse or any other insurable loss and you are forced to close your doors, you may be left without a revenue stream or income source. Business Income coverage can provide coverage for your lost revenue while your establishment is being repaired or even rebuilt. If you own the building and have tenants, it will cover the loss of rent you are not collecting during rehabilitation.
Grocery Store Liability Insurance Coverage
The Liability Insurance aspect of your Grocery Store Insurance Policy is designed to insure the business against losses even if they are negligent or liable for damage, injury or loss to another’s property, reputation, or health. Typically, damages, legal defense fees and settlement charges are paid by the insuring company when a claim is filed against the business.
Bodily Injury Liability
Liability coverage may pay the affected person or firm for the cost of care, the loss of services and restitution for death that results from an injury.
Property Damage Liability
In the event your business causes damage to, or causes the loss of use of someone else’s property, property damage coverage may pay for the value of the physical damage to the property; or the loss of use of that property.
Products and Completed Operations
A policy may provide coverage for your company’s completed products or services. If an injury occurs due to the use of your products or services provided, the policy would pay for the resulting damages and any legal expenses up to the policy limits.
Contractual Liability
General Liability coverage extends to any liability you may assume by entering into a variety of different types of contracts such as a building lease.
Grocery Store Insurance Hired Auto & Non-Owned Auto
Hired Auto & Non-Owned Auto coverage if requested is typically added not added an endorsement on a Grocery Store policy. It is intended to cover the auto liability exposure of vehicles used in the course of your business that the business may not own i.e. a rented vehicle or an employee’s vehicle. If there are no vehicles owned by the company this coverage will meet the contract requirement for Commercial Auto coverage.
Hired Auto coverage replaces or augments the liability coverage offered by auto rental agencies for example
Non-Owned Auto coverage protects your company in the event that your company issued as a result of an auto accident that you or one of your employees has in a personal vehicle while on company business.
Products Liability Insurance
If someone is injured from the use of one of the products your Grocery Store sells, they may come after you for injuries or damages that arise out of that injury. Products Liability Insurance Coverage for your Grocery Store will protect you from claims that may result from use, by your customers, for the products you sell. For example, if a were to bite into a food item that contained a foreign matter that found it’s way into the food as a result of in-store processing.
Medical Payments
If someone is injured by you or at your business site, the policy may pay for medical and funeral expenses incurred, up to policy limits, within one year of the accident . For example, if a customer tripped and fell on your premises and had to be hospitalized.
Personal Injury
Most Grocery Store Liability Policies provide coverage if you are accused of:
- Publishing inaccurate information that slanders or libels a person or organization
- Publishing material that violates a person’s right of privacy
- Falsely arresting, detaining or imprisoning someone;
- Maliciously prosecuting someone;
- Wrongfully evicting someone.
Advertising Injury
In the course of advertising your company’s own goods, products or services, this policy will provide valuable liability protection against advertising injuries resulting from:
- Publishing inaccurate information that slanders or libels a person or organization
- Publishing material that violates a person’s right of privacy
- Copying some other company’s advertising ideas or style of doing business
- Infringing on another company’s copyright, title or slogan
What is the Average Cost of Grocery Store Insurance?
Grocery Store Insurance costs will vary depending on the size of the store, the revenue of the store and the location. Click Here for a free Grocery Store Insurance Quote on your operation.
As many people have already found out, Castle Rock Insurance Agency is the best stop for a quote on Grocery Store Insurance. We are the low-cost solution for your Grocery Store Insurance Policy. Castle Rock Agency currently offers Grocery Store Insurance Policy Coverage in New York, NY, New Jersey, NJ, Florida, FL, Illinois, IL, West Virginia, WV, Virginia, VA, Massachusetts, MA, Pennsylvania, PA, Connecticut, CT and California, CA.
Grocery Store Insurance Coverage