A paper products store sells an assortment of paper products and accessories. This typically includes greeting cards, stationary, pens, invitations, envelopes, printer paper, notebooks and accessories. Your paper product might also provide services like custom stationary or business card printing. Due to the type of materials you sell, one of your biggest business risks is that of fire or flood, which could destroy your products. Protect your business from these and other risks with paper products store business insurance.
Types of Paper Products Store Insurance
Multiple types of paper products store insurance policies are available to protect you from various risks associated with your business. Choose from these essential paper products store insurance policies:
General liability is a type of insurance coverage that includes three areas of coverage: premises liability, products liability and completed operations. Premises liability helps to cover risks associated with your customers being injured on your premises. For instance, if an envelope opener’s sharp side is sticking out on a shelf, the customer may not notice it and get injured from the sharp edge. This type of injury is covered by general liability insurance. Completed operations is for any type of loss or damage caused by services you provide, such as them experiencing turmoil if you make wedding invitation with the wrong information. Products liability is included in the general liability policy. Products liability is protection against any loss, damage or injury that your products cause the customer. If a customer buys a pen from you that leaks and damages their expensive outfit, you could be held responsible for these damages.
Business auto insurance is a commercial policy that protects you from collision, property damage, bodily injury and similar events. You can also choose to include vandalism or theft. So if you leave paper products in your car while visiting the post office, and someone comes by and steals them, the theft coverage helps recover from the financial loss.
Your paper products store is at great risk from things like flood or fire, as well as natural disasters. The majority of your items are paper items, which are instantly destroyed by a fire or flood. You can’t prevent these things from occurring, but with business property insurance as part of your paper products store insurance bundle, you can recover from the loss and replace what was destroyed.
If you have an online paper products store, protect your business and employees with a cyber liability insurance policy. This type of policy is essential because cyber crimes occur everyday. If a customer is accessing your site and it is hacked while he or she is submitting their credit card number, the customer could get their financial information stolen by the hacker. They may choose to sue you for damages, but if you have cyber liability insurance, the financial and legal costs are covered.
Workers’ compensation is a type of insurance policy for the protection of your employees. If an employee suffers a work-related injury, the policy helps pay for medical costs. It also protects you from being sued from employees who get injured on the job. For example, if an employee is opening a box with a box cutter and cuts their hand, worker’s comp pays for the doctor visit, tests and treatment, as well as any lost income until they can return to work.
Paper Products Store Crime Insurance
Crime insurance safeguards your business from various crimes, including dishonest employees, theft, shoplifting and vandalism. If your store is broken into in the middle of the night and someone gets into the safe, you lose potentially thousands of dollars. With crime insurance, you have some protection from this type of loss.
If you protect your business from these types of paper products store insurance policies, you help to prevent possible financial struggle following a fire, flood, theft or other risk.