Why do computer retail stores need business insurance?
Every time a customer enters your shop, there's a risk of injury or property damage. Insurance helps pay for legal costs, medical bills, and costly repairs that could otherwise cripple a small computer store.
Find the right insurance
6 insurance policies every computer retailer should consider
General liability insurance
This policy protects computer stores financially against customer accidents and defamation lawsuits. It's often required for a commercial lease.
- Accidental customer injuries
- Accidental damage to customer property
- Libel and slander lawsuits
Business owner's policy
A BOP bundles general liability coverage with commercial property insurance. Small computer shops can save money on insurance when they choose this policy.
- Accidental customer injuries
- Accidental damage to customer property
- Theft of computers and electronics
Workers' comp insurance
State laws usually require computer stores to carry this coverage as soon as they hire their first employee. It covers medical bills when an employee is injured on the job.
- Medical costs from work injuries
- Disability benefits
- Lawsuits from work injuries
Commercial umbrella insurance
Umbrella insurance boosts the coverage on a computer retail store's general liability, employer's liability, and commercial auto insurance once the policy reaches its limit.
- Lawsuits from slip-and-fall accidents
- Employee injury lawsuits
- Legal costs from auto accidents
Cyber liability insurance
This policy helps computer retail stores recover from data breaches and cyberattacks. It provides crucial coverage for small businesses that store credit card numbers and other personal information.
- Customer notification costs
- Fraud monitoring services
- Data breach lawsuits
Commercial auto insurance
Commercial auto insurance covers the cost of accidents involving a computer store's delivery truck or other vehicle. Most states require this coverage for vehicles owned by a business.
- Auto accident injuries
- Property damaged by your vehicle
- Legal costs from accidents
Technology business insurance costs
Average costs come directly from policies purchased by TechInsurance customers.
General liability: $30 per month
Workers' compensation: $34 per month
View more expected costs.
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Protect against common risks
A lawsuit or data breach can devastate your computer store. Prevent financial losses with policies tailored for your needs.
