The most common sight in liquor stores is racks upon racks of bottles, most of which are made of glass. And while many of these bottles are moderately priced, there are some highly valuable bottles that may need extra protection. From what, you might ask?
Any number of scenarios could occur to break, or otherwise ruin, your most valuable inventory. Some of these may include:
A customer accidentally bumps into a shelf and knocks over some bottles.
A thieve steals bottles and exits unnoticed.
An employee accidentally slips and drops a box of bottles while stocking a shelf.
A fire or severe weather event damages inventory.
A loss of inventory can have devastating financial effects on your business; and a loss of your most expensive bottles could be even worse. Not to mention, certain losses may harm your store’s public image. Fortunately, there are steps you can take to help protect your inventory. Try some of these tips.
Store valuable inventory in locked cases that employees can open upon request.
Keep valuable inventory behind the checkout counter.
Place valuable inventory on higher shelves to prevent accidental bumps.
Keep only a small supply of valuable inventory on the floor, while the rest remains safe in the back.
And of course, it’s recommended that you protect your business’ interests with a quality liquor store insurance policy. Though insurance cannot prevent a loss from occurring, it can help offset the losses so your business isn’t solely responsible for the financial aftermath.
Are you ready to learn more about the benefits of insuring your liquor store? Talk to your agent for more details.
We’ll help you get started. Call Exceed Insurance at (855) 539-2333 for more information on the liquor store insurance policies we offer.