Texas Grocery Store Insurance Programs
Texas Grocery Store Industry Snapshot
- Texas has more than 3,400 grocery stores. Walmart operates over 500 of those.
- The Texas grocery store industry employs more than 200,000 people and generates more than $57 billion in revenue.
- Cattle and the beef industry makes up nearly half of Texas’ agricultural production. Other significant contributors are milk, corn and eggs.
Texas Grocery & Food Store Insurance Programs
Texas is known for its natural resources, history of ranching and extensive agriculture industry. With such a large population and diversity of land, it’s easy to understand how important food sales are to the state’s economy. From large cities to small towns, Texas has plenty of room for grocery stores.
When you open a grocery store, you’re going to have a huge opportunity for success. However, you also might lose out if accidents occur. Various issues could damage your stock, equipment, property, employees or clients. You’ll want to cover these important assets with a grocery store insurance package from Exceed Insurance.
Your insurance can help you repair damage, compensate injured parties or even pay for legal expenses. Don’t let your store go without this valuable protection. Coverage you might need includes:
- Property Coverage: This helps protect the business’ physical assets. It often can cover the building, inventory, shelving, fixtures, office equipment and cash registers.
- General Liability: There’s always a chance someone could get hurt on your property. If they hold the company responsible, you might have to pay. You can use this coverage to help settle what you owe.
- Products Liability: You want to sell a foolproof product, but there is always some embedded risk. Something you sell could always harm one of your customers. Just like general liability insurance, this coverage can help you if items sold in your store harm someone else.
- Workers Compensation: This coverage provides supplementary income for employees injured on the job. It might help them pay for medical bills, lost wages or other costs. Most states have laws requiring businesses to offer coverage.
- Loss of Use: You don’t want a damaging event to force you to close your business’ doors. That could mean a loss of income. But, if the worst happens, this coverage can step in. It can help you still pay your bills and reopen still in the clear.
- Advertising Injury: You need to publicize your grocery store, and that means advertising. But, third parties might allege that you published inaccurate information, violated someone’s privacy or copied advertising. They might even claim you committed slander or libel. This coverage protects your business if someone claims an advertising injury.
- Equipment/Machinery Breakdown: Should vital equipment break – such as air conditioning or refrigeration systems - this coverage can help repair those items.
Don’t lose out on the Lone Star State’s first-rate economic opportunity. If you start a grocery store, protect it with insurance coverage. That way, if something happens, you won’t have to worry about where the money to rebuild will come from.
Exceed Insurance can help you get the coverage you need. Get started with a free grocery store insurance quote today!