Online Retailer Insurance

Commercial general liability offers financial protection against third-party bodily injury or property damage that occurs on your business property. For example, if a delivery person slips at your warehouse or a customer slips at your storefront and injures themselves, general liability insurance will cover their medical bills, your legal fees, and other settlement funds.

Commercial property insurance protects your physical retail store, warehouse, or home, along with your inventory or stock, from property damage that arises from theft, vandalism, fire, water damage, falling or flying objects, and other severe weather events. Should damage occur, commercial property insurance will cover the cost of repairs and replacements.

Product liability insurance is essential for your retail business, especially if you sell consumable merchandise like food, supplements, cosmetics, baby goods, electronics, or other health products. If a product you sell causes bodily harm or third-party property damage, this coverage protects you from financial consequences that may arise from lawsuits.

Business interruption insurance protects e-commerce store owners from financial losses if their retail store is forced to shut down temporarily. For example, if an unexpected event like a cyber hack occurs and your e-commerce store is forced to shut down for a month as customer data is being recovered, this retail insurance policy will cover your lost income, employee wages, and other ongoing expenses during this time.

Professional liability insurance, also known as errors and omissions, comes in handy if you offer advice, design merchandise, or offer customization services. Should a customer file a lawsuit against you, this policy will protect you against claims of negligence, misrepresentation, or a failure to deliver promised services.

Transit/shipping business insurance covers any losses or damages to your products while they are in transit. So, whether you ship your products with Canada Post, UPS, Purolator, or other carriers, you can rest assured that you’ll be financially protected should you experience stolen inventory or damaged products.

Contents and equipment breakdown insurance coverage protects the tools you use for business purposes. Whether it’s computers, scanners, printers, art supplies, or other equipment, this policy will cover the cost of repairs or replacements if they experience a breakdown or malfunction.

If you store inventory in a third-party facility, a 3PL insurance endorsement will bridge coverage gaps and ensure you have protection when your goods are stored off-site.

Directors and officers coverage is an insurance requirement if you have an incorporated business with investors, boards, or partners. This policy protects the interests of directors and officers when making decisions that directly affect the business, including legal costs, settlements, and more.

Employee theft and dishonesty insurance, also known as crime insurance, safeguards you from financial losses that may arise from employees, whether it’s committing fraud, theft, or other dishonest actions against your online retail business.