Window glass and mirror stores not only sell glass supplies, but many of them also provide custom-cut glass and installation services. Glass commonly offered at these types of stores include plate, safety and window glass. Services offered may include cutting, buffing, beveling and polishing glass, along with expert installation of glass windows and hardware for residences and businesses. Liability losses may occur when your service causes damage to the customer’s home or business. Other risks include crimes like fraud, and general liabilities. Protect these and other risks with window glass and mirror store insurance.
Types of Window Glass and Mirror Store Insurance
Due to the many risks your business is exposed to, you should also be purchasing different business insurance policies. These are some of the most important policies for your window glass and mirror store.
Your window glass and mirror store can be dangerous for customers who aren’t careful. Be sure to have all merchandise in a safe place. Even then, accidents and injuries might still occur. Something could fall and shatter and cause an injury to your customer. General liability includes premises liability, which is coverage for medical and legal costs if something like this occurs. This window glass and mirror store insurance policy also includes product liability and completed operations.
Product liability, which is often included in general liability, provides coverage for the products you sell. If you sell faulty hardware that causes a window to shatter or glass that damages the individual’s home or causes bodily injury, you are responsible for the legal costs. Product liability will offer you financial protection from such claims.
Business errands, like going to the post office, bank, picking up merchandise for the store or making deliveries, should all be covered with business auto insurance. Whether you or an employee is driving on these errands, be sure they have adequate auto coverage. Business auto includes coverage for property and vehicle damage, bodily injury, and in many cases, theft and vandalism. Drive extra carefully on these errands and have business auto insurance for additional protection.
Business property insurance is in place to protect you from damage to your property or contents. Natural disasters and extreme weather conditions could damage the merchandise in your window glass and mirror store quite easily, not to mention the risk of flood or fire. To fully protect your business, get a business property insurance policy. If there is an earthquake and much of your inventory of mirrors falls to the floor and shatters, you can get them replaced with the help of business property insurance.
If you run a website for your business or sell products online, cyber liability insurance is an essential insurance policy to have. It protects you from cyber crimes like fraudulent activity, website viruses and other forms of illegal activity. These could negatively affect your business income, reputation, and harm customers as well. Cyber liability will cover legal claims and income loss as a result of cyber crimes.
Your employees are at a high risk of getting injured while working in your window glass store. They could get cut from installing new windows for a customer, injure their back while lifting heavy window glass or get shards of glass in their eye if there is an accident in the warehouse. Teach employees proper ways to protect against injuries, and get workers’ compensation coverage. This insurance policy pays for medical costs, surgical procedures and lost income due to a work-related injury or illness.
Window Glass and Mirror Store Crime Insurance
Crimes like embezzling of money, paying with stolen credit cards, stealing money or merchandise, and vandalizing your property are an unfortunate risk for window glass and mirror stores. Security measures should be considered, but it can’t always prevent crimes from occurring. Pursuant to your window glass and mirror store insurance, the best thing you can do or your store is getting a crime insurance policy that will provide income protection if you’re a victim of a crime.
If you fail to get the right amount of business insurance, you could be facing financial struggle and possibly losing your business. To fully protect your window and glass store, cover your different risks with multiple insurance policies. It doesn’t prevent events from happening, but helps you avoid financial struggle or loss.