What is Retail Insurance?
Operating a retail business requires a substantial investment in equipment, inventory, marketing and other costs, and the resources that are poured into this type of business ought to be protected. Retail insurance helps Massachusetts retail businesses shield themselves from many of the risks they face.
Retail insurance is a specialized kind of commercial insurance that’s intended to meet the unique risk mitigation needs of retailers. Because most retailers face multiple risks, policies are typically underwritten as package policies that come with several coverages.
What Businesses in Massachusetts Need Retail Business Insurance?
Most retail businesses in Massachusetts can benefit from the protections that retail business insurance provides, and few businesses have the financial resources necessary to withstand a major lawsuit or loss. Therefore, the vast majority of retail businesses ought to purchase a policy. This includes both brick-and-mortar stores and online retailers.