Medical Equipment Supply Stores

General Liability Insurance Includes:

• Premises Liability – If you run a retail establishment for your medical equipment supply store, there is a risk that a customer can come to harm while they’re there. If a customer falls in the bathroom for example, because the handicapped bar could not support their weight, they may require medical attention. Your premises liability insurance can pay for the medical bills that arise. It also pays for repairs to your customer’s personal property if it receives damages while on your business premises.
• Products Liability – If you sell medical supply products that are later found to be faulty, those defective products can bring harm to your customers. Products liability insurance pays your customer’s medical bills if they are injured, along with pain and suffering and other damages or losses that result.
• Completed Operations – If you provide services or sign business contracts as part of your medical equipment supply store company, problems may arise after you have completed rendering those services. If the completed operations cause physical harm to a customer in the future, your completed operations coverage can pay for the damages or injuries. This coverage can also pay for your legal defense fees if needed.

Business Owners Policy

General liability insurance is included in an expanded type of coverage known as a BOP, or business owners policy. The BOP coverage focuses on protecting your company from losses related to tangible business property – such as your retail supply store building or your inventory – and your intangible assets – such as identity theft or employee dishonesty. A BOP can be tailored to provide only the business insurance coverage you need, such as:

• Buildings and Contents
• Business Income and Extra Expense
• Electronic Data
• Newly Acquired or Constructed Buildings
• Employee Dishonesty Coverage