Grocery store insurance can help you minimize the out of pocket fees you pay when someone falls or is otherwise hurt while visiting your location. Most grocery stores are properly run with numerous systems in place to reduce risk. After all, you want your customers to come back time and time again to get the support and service they need. But, having a business insurance plan also means paying a premium to ensure those liability risks are covered. By understanding the highest level of risks in your location and addressing them, you may be able to keep your business insurance costs to a minimum.
What Are Your Risks?
Your grocery store insurance plan should be customized to meet the biggest risks your location faces. The following are some of the most common types of risks organizations like your own face in liability claims.
- Slips and falls on wet floors. This is the highest and most common type of claim. Products break. Individuals drop things. And, children make a mess.
- Parking lot accidents. Though there are limits to your liability here, without proper protection, your customers may be hurt while walking through the parking lot.
- Items falling on them. Pulling items from shelves doesn’t seem to be a big risk, but product can hit someone in the head or even the eye, leading to costly risks.
- Food illness. In some cases, your organization may prepare food and that foot may make someone ill. When this happens, you could be responsible for the medical bills of your patrons.
- Children-related incidents. Some grocery stores operate children play areas to keep kids happy. A child hurt in one of these areas could put your business on the line.
The goal of understanding these liability risks is to address them in your location. For example, the more relevant and ready use of wet floor signs can minimize your risks. You may be able to reduce costs for business insurance claims by repairing your parking lot and sidewalks. Taking these steps can significantly improve the way you operate, keep customers happy, and help to make your grocery store insurance premium a bit more affordable for you.
Remember to protect your establishment. Call Exceed Insurance at (855) 539-2333 for more information on the grocery store insurance policies we offer.