Huff Insurance is flooring the competition when it comes to protecting floor stores.
You’re probably here because you’re wondering what type of flooring store insurance that you need for your floor covering business, or if you have the right coverage. Maybe you are wondering if you can save money on your business insurance.
Flooring stores have some unique exposures, such as the one created by your subcontractors that are installing the flooring and ones created by the wholesalers of your products.
Imagine that your wholesaler has a fire in their manufacturing plant, stopping production of one of your high demand products. The fire also damages all of the stock that the manufacturer had in inventory.
Now, you have lost the supply to one of your best selling products, and it will be a minimum of 6 months before the wholesaler can get the product back in stock for you to sell.
How would this lack of supply cost your business?
You did not have the fire, but it may hurt your business income as much as if it was your business that did have the fire.
Is there coverage you can purchase to protect you from this type of loss? Yes, contact the insurance professionals at Huff Insurance to discuss this important insurance protection.
When thinking about your flooring store insurance needs, consider the following:
- Business Property Insurance Coverage
- Business Liability Insurance Coverage
- Business Income Insurance Coverage
- Workers Compensation Insurance
- Employment Related Practices Insurance (EPLI) Coverage
- Commercial Auto Insurance
- Peak Season Insurance Coverage
A flooring store includes stores that sell carpet, hardwood, tile, marble, and laminate, linoleum, travertine, slate and rugs.
The majority of your income is probably paid to subcontractors. So you have to consider the risks of using subcontractors.
If the subcontractor installs the hardwood improperly and causes a nail to go through the radiant flooring underneath, who is covering that claim? Your flooring store insurance policy? Or your subcontractor’s insurance policy?
If you are not sure then you need to talk to one of the insurance professionals at Huff Insurance.
It is imperative that you obtain certificates of insurance from all subcontractors. These certificates need to show that at a minimum they have liability insurnace coverage in limits equal or greater than yours. It should also show workers compensation and commercial auto coverage. You need to make sure that you obtain updated certificates of insurance from each subcontractor and each policy term.
To obtain a free no-obligation quotation from Huff Insurance please contact us at 410-647-1111 or complete the quote request form on this page.
We look forward to hearing from you soon.
Do You Hire Sub Contractors?
If so, then you need to check out our SUB CONTRACTOR INSURANCE page to see how it could affect your business insurance! Not knowing could cost you thousands of Dollars.