Business Insurance for
Camera Store Insurance
Camera stores are like toy stores for photography buffs. Your camera store may cater to high end, professional photographer clients or it may carry cameras and accessories that appeal to hobbyists, beginners and professionals alike. You may have chosen to open a camera store because of your own love for photography. Whether you operate your store directly or you choose to let a manager take care of the day to day operations, as the owner there are many aspects of the business that you must take care of yourself. One important area you must take care of is making sure you have the right business insurance coverage.
General Liability Insurance Includes:
- Premises Liability – Premises liability insurance protects you from suffering severe financial hardships when accidents happen at your store. If a customer has an accident inside your camera store and suffers bodily injuries that must receive medical attention, they may sue your store for the costs. Your premises liability insurance pays those medical bills and any other personal property damages that might occur on your property.
- Products Liability – The best companies in the world cannot avoid mistakes and problems with their products. Even though you simply sell products that other company’s make, there is a chance that your company can be sued when problems arise. If you sell products that cause physical injuries to happen, your customers may sue your camera store. Products liability insurance helps pay for your legal defense costs while also providing for the customer’s medical bills, property damage bills, settlement or awards.
- Completed Operations – When you provide services to your customers, one of them may decide that you caused them harm with the services you provided. They may claim you caused property damages or physical injuries, and sue your company for restitution. Completed operations insurance protects you from these potential issues. It pays for your legal defense costs and any settlements or awards due to the customer.