Consignment Stores, Resale & Thrift Shops Insurance
Consignment stores, resale/resellers and thrift shops insurance is difficult to write for most insurance companies because of the unknown risks. We at Yergey Insurance are working with a few different insurance companies to make the needs of insurance less painful. There is no reason to buy a one time policy to cover each different sale you put on. We can write a continuous annual insurance policy to protect you and your business in your every day activities.
We can offer General Liability, Property and Workers Compensation for your business.
The Commercial General Liability Policy provides the insurance protection needed to pay damages for bodily injury or property damages for which the insured is legally responsible. The policy provides coverage for liability arising from personal injury and advertising injury. Coverage for medical expense is also provided. The policy also covers accidents occurring on the premises or away from the premises. Coverage is provided for injury or damages arising out of goods or products made or sold by the named insured. The insured is the named insured and the employees of the named insured. However, several individuals and organizations, other than the named insured, may be covered, depending upon certain circumstances specified in the policy. In addition to the limits, the policy provides supplemental payments for attorney fees, court costs and other expenses associated with a claim or the defense of a liability suit.
Property (Inland Marine) Insurance provides coverage for goods in transit. In short, inland marine insurance provides coverage for loss exposures that cannot be conveniently or reasonably confined to a fixed location. This property policy is intended to cover clothing racks, tables, chairs, cash registers, scanners, etc. This product does not cover your inventory.
Workers Compensation coverage agreement obligates the insurer to pay all compensation and other benefits required of the insured by the workers compensation law or occupational disease law of any state listed in the policy. The coverage applies to bodily injury by accident and by disease.
Voluntary Compensation Endorsement
Workers compensation laws of most states exempt some types of employment from workers compensation benefits. This endorsement amends the standard policy to provide coverage for employees with exempted occupations from the workers compensation act. When the endorsement is added it does not make employees subject to the workers compensation law, but it obligates the insurance company to pay on behalf of the insured, an amount equal to the compensation benefits that would be payable to those employees if they were subject to the workers compensation law of that state.
Please Call - 800-683-1226