Super markets do business with food wholesalers, retailers, and the public. They manage stores, follow food safety regulations, and may have a bakery, deli, or coffee bar on site. With so many branches, employees, and activities within one business, super markets are exposed to numerous risks. An employee could slice his hand on a commercial meat cutter behind the butcher’s counter, a shopper might fall on an unsalted patch of ice in the parking lot, or food spoilage could cause illness among staff and customers. In case of a financial loss, claim, or lawsuit, super markets should have commercial insurance coverage they can count on to keep their operations, assets, and staff shielded from personal liability.
Whether they have existing business insurance coverage that they would like to add on to or change, or if they are in the market for a new policy, super market owners can trust an independent insurance agent to guide them in buying coverage. An independent commercial insurance agent in the area has worked with other local business owners in the food and beverage industries and is familiar with what they are looking for when buying a business insurance policy. She will answer super market owners’ questions about buying the appropriate coverage, and guide them in selecting a policy from those offered through a number of different insurance providers.
If a super market owner is not entirely familiar with the components of a business insurance policy, an independent insurance agent will run through the basics of commercial general liability (CGL) coverage, which every company should have in place. She will discuss business property insurance and business personal property insurance, which can be important in the event items owned by a super market or its employees are damaged or lost, and she will also mention liability coverage, in case of harm or damage to another by a store employee, or fixture on site. An independent agent will probably mention the statutory guidelines on workers’ compensation insurance, which is necessary for any super market with employees, and she might also describe crime insurance coverage, and inland marine insurance, depending on the shipping and receiving practices of a particular super market business.
In working with an independent business insurance agent, super market owners can get answers to their questions about commercial insurance coverage. If they want to know whether a policy can cover employee theft or forgery, or if snowstorm damage to their building is covered under its terms, an independent insurance agent can provide them with an explanation, and discuss a policy’s provisions in greater detail. She can also go over the exclusions and limitations in a commercial insurance policy, so that super market owners know what kinds of incidents, or accidents may not be covered in the future.
An independent insurance agent will help owners of super markets and grocery stores select a commercial insurance policy that fits their business’s coverage needs by asking questions about the company. She will want to know how long an owner has owned the store, where it is located, and how much inventory is kept on site. She may also ask about the number of employees working on the premises, the amount of annual sales and receipts, and whether the store has centrally monitored burglar and fire alarm systems. Knowing these and other elements about a super market will help an independent agent evaluate the store’s unique commercial insurance coverage requirements, so that she can assist an owner in choosing a business insurance policy.
Independent grocery stores are holding strong, even as corporate-owned stores continue to crop up in sprawling cities and small towns. As independent grocery store owners know, their businesses offer customers a welcoming, pleasant shopping experience, and often, access to a greater variety of produce and other local goods than they might find at a large, chain super market. Although they are often more friendly and community-oriented than big retail grocery stores, independent locations and their owners and employees are still at risk of legal or financial liability in the event an accident, or loss that leads to a lawsuit, or claim. Owners of independent grocery stores can help keep their business and its assets secure by purchasing commercial insurance coverage through an independent insurance agent.
An independent commercial insurance agent in the area is familiar with grocery store owners’ concerns when buying business insurance coverage, and she has worked with numerous local business owners wanting to purchase the right policy. She will guide independent food retailers in selecting a commercial general liability (CGL) insurance policy, along with general liability insurance, business property insurance, and building coverage for their store’s building itself, so that their company can be covered if a claim arises.
To help independent grocery store owners find the appropriate commercial insurance coverage, whether they are looking to change their current policy, or buy an entirely new one, an independent insurance agent will gather information about the business itself. Since some insurance companies require a survey of an organization’s premises before issuing coverage, she may visit the grocery store and take a tour of the building and surrounding parking lot. She will want to know the age of the building, how recently systems like heating, ventilation, and cooling were updated, and whether it is located near any adjacent high-risk exposures like an abandoned building, or warehouse. She will also ask if an owner owns the building itself, or whether it is leased from another entity or a private holder.
In working with an experienced independent insurance agent, owners of independent grocery stores should expect that she will probably ask about various exposures in their store. She will want to know how produce, dairy items, and meats are kept fresh, and she may want to see the business’s freezer on site. An independent insurance agent might also ask about the quantity of food inventory stored on the premises, and whether an independent grocery store performs any shipping and receiving functions, or contracts with a food wholesaler, in which case she might recommend an owner purchase inland marine insurance coverage, along with commercial auto insurance for any business-owned, or employee-operated vehicles.
Since, unlike an agent who works for a single insurance company, an independent insurance agent contracts with a number of different providers, she can discuss available options for policies from a number of insurers. As a small business owner herself, and a trusted advisor who has worked with others in the food and grocery industries, she understands what these business owners are looking for when buying commercial insurance coverage. With a policy purchased through an independent business insurance agent, independent grocery store owners know that if their building’s boiler goes out, an employee is injured while stocking jars of locally-produced jam, or a spring storm rips shingles off of their building’s roof, their business can be covered.
Food retailers may operate a cart in a city park, sell groceries out of a corner store, or have a large super market in a suburban strip mall. Depending on their location, inventory, and size, they cater to different kinds of customers, but no matter if they specialize in deli provisions, baked goods, or produce, one thing that food retailers have in common is a need for commercial insurance coverage. With the proper policy, these retailers and their owners can avoid being held personally responsible for money damages or settlement awards, or legally liable, in case of a loss or claim against their store.
Food retailers face a variety of risks each day. Since most have at least a few employees, owners may worry about theft or dishonesty of a worker, resulting in stolen products, or lost cash from the cash register. Also, since food retailers operate out of a storefront, most have steps, or walkways, which might get icy or slippery in the winter, leading to the potential for a customer to slip and fall when entering or exiting. Even the most conscientious of food retailers may not be able to avoid spoilage of certain products, a breakdown of the business’s boiler or furnace, or storm damage to the exterior of its store building. In these and similar cases, it is important for food retailer outfits to have business insurance coverage in place.
An independent insurance agent in the area has worked with small and large business owners in various industries, including food and beverage company owners, and will assist food retail business owners in choosing commercial insurance for their operation. Because many insurance companies require that an agent survey a prospective insured’s business locale before the insurer will issue coverage, an independent insurance agent may request to visit the food retailer’s premises to inspect and tour the site. He will want to know whether the building is leased or owned by the food retail business owner, and if the building is company-owned, he might ask about whether it is made of one-of-a-kind materials, or listed on a local or national historic register. He will also want to know the store’s capacity, and might want to see any fire alarm or security systems on site. An independent insurance agent may also ask about theft prevention measures taken by a food retailer, and will want to know about the inventory kept on site, and the crime score of the business’s surrounding neighborhood.
By reviewing specific details about a food retail business, along with the kinds of coverage provided though various business insurance companies, an independent insurance agent can assess the policies that are suited to a particular company. He will discuss the provisions included in a policy ultimately selected for a food retailer, along with exclusions, limitations, and endorsements that might be included. With a commercial insurance policy purchased through an independent insurance agent, food retail business owners know that if an employee is burned on an in-store stove, or a fire demolishes part of their store room, their operation and its assets can be covered.
People who like raw almonds, organic fruit, and gluten-free entrees tend to flock to the nearest whole foods shop. Whether it is a small store on the first floor of an apartment building, or a part of a chain of larger retailers, whole foods stores offer organic and healthy options for customers looking to buy foods without additives, pesticides, or ingredients like high fructose corn syrup. Although they cater to the health-conscious crowd, just like any other grocery store or super market, whole foods stores need business insurance coverage. Owners and operators of these companies should speak with an independent insurance professional to learn more about evaluating their store’s existing commercial insurance for gaps in coverage, or buying a new policy.
An independent insurance agent knows what grocery store and other food industry retailers are looking for when purchasing business insurance coverage, and depending on how much a particular operation’s owner knows about buying a policy, she can discuss the important points about choosing commercial insurance. She may give an overview of the basics of most policies, including the value of having commercial general liability (CGL) coverage. An independent agent will probably also describe how whole foods markets should have general liability insurance, workers’ compensation coverage, crime insurance, and building insurance for their store’s site, along with business property and business personal property insurance.
If a whole foods shop’s owner is interested in buying accident and health (A&H) insurance coverage as a benefit to be provided to employees, a seasoned independent commercial insurance agent will suggest options for policies that offer adequate coverage for the business’s workers. Similarly, if a whole foods retail shop owner wants a particular kind of additional, optional commercial insurance coverage, like stop loss insurance, in case of an employee death or injury, or inland marine coverage, an independent insurance professional will also assist them in selecting the proper policy.
Based on various factors like the wishes of a whole foods outlet’s owner, the location of a store, the scale of food and beverage inventory housed on site, and the amount of annual sales and receipts, an independent insurance agent can evaluate a whole foods business’s coverage requirements. In doing this, she might ask about whether a company has ever been cancelled by a prior insurance carrier for any other reason than that the provider stopped writing that kind of insurance, and she may also inquire if the business has had a loss exceeding $10,000 in the past three years, and if so, the amount of such a loss. She will also look for frequency of small losses. These and other elements will aide her in determining which policy might be right for a particular whole foods operation.
By working with an independent insurance agent, owners of whole foods stores can get advice about their company’s commercial insurance coverage, or, if they need it, guidance in navigating the claims process. An independent business insurance agent will provide personalized assistance and well-informed recommendations to whole foods retail store owners, so that if their business’s freezer breaks down, or an employee gets cut while slicing whole wheat bread behind the bakery counter, they know that they have sufficient coverage.
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