Retail Business Insurance Cost | Small Retail Business Insurance
Retail Business Insurance Cost | Small Retail Business Insurance
How much does small retail business insurance cost? Retail business insurance costs fluctuates depending on the type of retail business you own. Below is an informative outline of retail business insurance costs for the retail industry across the nation.
Average cost of retail business insurance
The average cost can be as low as $250 to $450 per year for only business liability insurance. If that same business wants to add business property insurance, then they can often package the insurance into a business owners policy or BOP which can cost as low as $500 per year and up to a few thousand dollars per year depending on the value of property insured and other characteristics of the business.
Types of retail business insurance
Once a business adds employees its costs can start to go up. Most states require a business to carry workers compensation insurance if they have any employees at all. Workers compensation can cost as low as a couple hundred dollar per year to tens or even hundreds of thousands of dollar per year for larger operations. If the business owns vehicles then it will need to pay for commercial auto insurance which may cost around $800 per vehicle on average. And if a small business provides professional advice and services then it may need professional liability insurance which can cost as low as $400 per year but on average around $1500 per year.
Below is a list of common retail businesses across America that will link to more specific information about retail business insurance costs for each type of retail business:
- Appliance Store business insurance
- Art Dealer or Art Gallery business insurance
- Athletic Goods Store business insurance
- Audio-Video Equipment Store business insurance
- Automobile Accessories Store business insurance
- Bakery business insurance
- Baskin Robbins Store business insurance
- Beer, Liquor & Wine Store business insurance
- Bicycle Shop business insurance
- Books and Magazines Stores business insurance
- Bridal Store business insurance
- Camera Dealer business insurance
- Candle Store business insurance
- Candy Store business insurance
- Carpets, Rugs & Floor Covering Store business insurance
- Cell Phone Store business insurance
- Cigar Stores business insurance
- Clothing Store business insurance
- Computer Store business insurance
- Coffee Shop business insurance
- Collectibles and Memorabilia Store business insurance
- Cosmetic Store business insurance
- Costume Shop business insurance
- Craft Shop business insurance
- Department Store business insurance
- Drugstore business insurance
- Electrical Lighting Store business insurance
- Electronics Store business insurance
- Fabric Store business insurance
- Florist business insurance
- Gift Shop business insurance
- Glassware Store business insurance
- Greeting Card Store business insurance
- Hardware Store business insurance
- Hearing Aid Store business insurance
- Ice Cream Store business insurance
- Janitorial Supplies Store business insurance
- Juice Bar business insurance
- Lingerie Store business insurance
- Liquor Store business insurance
- Luggage Dealer business insurance
- Music Store business insurance
- Napa Auto Parts Store business insurance
- Novelty Store business insurance
- Office Furniture Store business insurance
- Office Supply Store business insurance
- Optical Goods Store business insurance
- Paint Dealer business insurance
- Pet Store business insurance
- Piano & Organ Store business insurance
- Pottery Store business insurance
- Ship Chandler Store business insurance
- Shoe Store business insurance
- Soccer Apparel & Equipment Store business insurance
- Sporting Goods or Athletic Equipment Store business insurance
- Swimming Pool Supplies Store business insurance
- Tanning Salon business insurance
- T-Shirt Store business insurance
- TCBY Yogurt Shop business insurance
- Toy Store business insurance
- Trophy Store business insurance
- Tuxedo/Formal Wear Store business insurance
If you don't find your particular type of retail store above, don't fret. InsuranceTrak can help just about any type of retail business lower their business insurance costs. Give us a call or use our quote box above today so that we can help you find the best retail business insurance cost in the market!