Supermarket and grocery store insurance throughout the states of New York and North Carolina, including the Manhattan and Bronx areas, Westchester County, Orange County, Dutchess County, Putnam County, Charlotte, Winston-Salem, Greensboro and surrounding areas.
Supermarkets and grocery stores provide goods and services that go beyond food products including such things as pharmacies and catering services. Opening a grocery store require a large initial investment, so you will want to be sure to protect your business assets with a sound commercial insurance coverage.
You have invested a lot of time and money in opening your grocery store. Be sure to protect your business assets with the right kinds of property insurance.
Building Insurance
This provides coverage for repairs to the structure of your building if it is damaged by a covered event such as wind, lightning, fire or vandalism.
Property Insurance
This provides coverage for the products and inventory kept inside your store if they are lost or damaged by a covered event. Covered items include such things as your inventory of food and products, shopping carts, shelving, computer systems, cash registers, conveyer belts and display units.
Boiler and Machinery Insurance
These are specialized coverage for the machinery kept and used in your grocery store. This includes everything from the heating and cooling units to the meat slicer at the deli counter to the freezers and refrigerators that keep your food fresh. In the event of a machinery breakdown, this insurance provides coverage for repairs or replacements and covers the cost to rent machinery while your owned machine is being repaired.
Spoilage Coverage
When your store’s power fails or refrigerated equipment breaks down, your perishable inventory can go bad due to a sudden, prolonged change in temperature. Spoilage coverage is not included in your business’s personal property/contents limit; however, it can be extended to cover damages caused by contamination.
Improvements and Betterments
If you are planning to move your supermarket to a different location, chances are you’ll be leaving behind all the fixtures, alterations, installations, or additions you made that have become part of the building. These are items that you cannot legally remove even if you acquired them and made or installed them at your own expense. It’s a good idea to know your exposure.
Every business runs the risk of a liability lawsuit, and grocery stores and supermarkets are no exception. Liability insurance protects your business assets by covering your legal defense fees, court costs, financial damages and other expenses related to the lawsuit. It is therefore important that you not only have this insurance coverage but that you also have the right kinds of liability coverage. Be sure to talk to your independent insurance agent about:
- General Liability
- Product Liability Insurance
- Advertising and Personal Injury Liability Insurance
- Auto Liability Insurance
- Liquor Liability Insurance
- Cyber Liability Insurance
- Umbrella Insurance
- Employment Practices Liability
- Product Liability
WB Insurance Solutions Brokerage Corp can help you build a supermarket or grocery store policy that meets the coverage needs of your store.
