If you’re like most small business owners, you probably look forward to the holidays to boost sales and increase revenue. At the same time, the holidays pose greater risks to retail businesses in the form of liability claims, property damage and theft due to increased foot traffic and holiday help. The following tips from HighPointe Insurance Services LLC can help safeguard your retail business in Overland Park, KS against these risks during the holidays.
Don’t Skimp on General Liability Coverage
Holiday sales can draw in crowds of shoppers, increasing your risk of accidental injuries on your business property. If a slip and fall sends a customer to the hospital, commercial liability coverage will cover medical costs. If the victim sues for damages, your liability coverage will help pay for legal fees and a settlement, up to the limits of your policy. Your HighPointe agent can help you determine how much commercial liability coverage to obtain for your budding enterprise during the holiday season.
Update Your Professional Liability Coverage
As the year comes to an end, many businesses push to meet quotas or complete major projects. If your business offers services, working under pressure could cause an employee to make mistakes in judgment that could cost a customer financial loss. Professional liability protects your business against errors or claims of negligence in the services you provide.
Protect Your Business Property
If you run a business from home, your computer, printer and other specialized business equipment are essential to your operations. Your home or renters’ insurance doesn’t cover business equipment, putting you at risk of shutting down if your equipment fails during the holidays. Commercial property coverage protects your business equipment against theft or damage due to an unforeseen disaster.
For more information about commercial insurance coverage, contact HighPointe Insurance Services LLC in Overland Park, KS.