Business Insurance for
Electrical Fixture Supply Store Insurance
Electrical fixtures are part of a $22 billion industry, and that’s about to grow. In particular, it’s set to rise by more than 7% every year by 2018. Whether you already own an electrical fixture supply store or plan to open one to meet the growing demand, you need to prepare yourself with the right business insurance. Take a look at the coverage you should include when you get electrical fixture supply store insurance.
Owning a store of any kind means you can expect to see customers every day, especially when business is doing well. The only downside to this is that customers might become injured at some point, such as by tripping over a display of products or having heavy boxes of supplies fall onto them. This can lead to medical bills that you will have to pay, which is why electrical fixture supply store insurance includes general liability coverage.
This same coverage not only pays for medical bills for customers, but it can also pay for your legal bills if you are ever sued after another business claims you copied their ideas or committed slander or libel. In addition, it can pay for repairs if a customer’s property is damaged as a result of your store.