Infant, Baby And Children's Clothing Stores Insurance

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Infant, Baby And Children's Clothing Stores Insurance Policy Information

Infant, Baby And Children's Clothing Stores Insurance

Infant, Baby And Children's Clothing Stores Insurance. The infant and young children's apparel market is valued at over US $27 billion within the United States alone - and stores dedicated solely to meeting all the clothing needs young children, from newborn infants to older babies and toddlers, could have play a vital role in this market.

Infant and children apparel stores tend to feature high-end clothes for young children. Accessories, books, gift items, juvenile room furnishings, and toys may be included in the inventory.

The store may be independent or part of a regional or national chain that sells items online as well as in stores. Some may offer delivery services.

Not only can these stores be incredibly successful, infant and young children's apparel stores also provide an important service within the community.

As young parents excitedly flock to your (future) store, you will undoubtedly go to great lengths to ensure that your business thrives on a healthy foundation of satisfied customers. Infant and children's apparel store owners and managers should never neglect to take the many perils their businesses will also face into account, however.

Should your store be impacted by catastrophic circumstances beyond your control, you will need to rely on your insurance plan to be able to overcome the challenge. What types of infant, baby and children's clothing stores insurance should be purchased? Read on to learn more.

Why is insurance important for infant, baby and children's clothing stores? What type of coverage do you need? Below, you'll find the answers to these questions and more so that you can make sure that you, your employees, the people that you serve - and your business as a whole - are properly protected.

Infant, baby and children's clothing stores insurance protects kid's apparel shops from lawsuits with rates as low as $27/mo. Get a fast quote and your certificate of insurance now.

Below are some answers to commonly asked kid's apparel insurance questions:


How Much Does Infant, Baby And Children's Clothing Store Insurance Cost?

The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small infant, baby and children's clothing stores ranges from $27 to $49 per month based on location, size, revenue, claims history and more.


Why Do Infant, Baby And Children's Clothing Stores Need Insurance?

Baby Clothing

Like any other business, your store could fall victim to a wide range of perils. Some of the hazards an infant and children's apparel store faces are common to all commercial ventures, while others are industry-specific.

While store owners take steps to mitigate risks and hope that disaster will pass them by, the harsh reality is that you can never predict what challenges await you.

Your infant and children's apparel shop may, for instance, be struck by an act of nature. Events like earthquakes, hurricanes, and even lightning strikes or hailstorms, may cause you to lose your valuable inventory while inflicting severe damage on your building.

Burglary, accidents, and acts of vandalism are further examples of perils store owners can encounter.

Customers, vendors, or other third parties may sustain injuries within your shop, perhaps due to a wet floor or poorly-secured shelving system. One of your workers may become injured in the workplace.

Any store that sells children's clothing, furniture, care products, or toys also faces an additional risk in the potential that the children who come into contact with their goods become hurt as a result. In the case of apparel, loose buttons or fabrics treated with coatings that prove to be allergens are prime worries.

Even the most responsible business owners cannot always prevent these perils, and numerous others. That is why it is crucial to arm yourself with a comprehensive infant, baby and children's clothing stores insurance plan. When you know that your insurer will cover the costs of most major perils, you are free to focus on the success of your infant and children's clothing store without worries.


What Type Of Insurance Do Infant, Baby And Children's Clothing Stores Need?

Your precise insurance needs, meaning both the types of coverage you require and the cost of your premiums, depend on your shop's unique circumstances.

Factors that include the location of your store, the size of your business, and your number of employees all influence your insurance choices.

Because of this, it is crucial to consult a skilled commercial insurance broker, who can help you craft a top-quality insurance program. The most important types of infant, baby and children's clothing stores insurance are, meanwhile:

  • Commercial Property - In the event that catastrophic events like acts of nature, theft, or vandalism occur, this type of insurance will cover both your physical building and many of its contents. Thereby, you will be saved from massive repair and replacement costs.
  • Commercial General Liability - This essential form of infant, baby and children's clothing stores insurance coverage protects your business if you were to face third party property damage or bodily injury claims arising from incidents that took place on your property or due to your store's activities. It covers attorney and court fees, medical or repair bills, and settlement payments, among other legal costs.
  • Product Liability - Product liability insurance, which covers costs relating to incidents in which consumers are harmed by the products you sell, is especially vital to retailers whose products are designed for infants and young children.
  • Workers Compensation - This type of insurance covers the medical bills and lost wages of any employee who is injured over the course of their job, in circumstances for which you could be held responsible.

These essential types of infant, baby and children's clothing stores insurance defend your kid's apparel shop from the financial consequences of the most common perils. Because you may also need to consider further options, consulting a commercial insurance broker is indispensable, however.


Infant, Baby And Children's Clothing Stores' Risks & Exposures

Baby Clothes

Premises liability exposure is high due to the number of visitors to the store. To prevent slips and falls, there should be good lighting and adequate aisle space. All goods should be kept on easily reached clothing rods or shelves so customers do not pull items down on themselves. The stock dropped on floors by customers must be retrieved promptly.

Floor covering must be in good condition with no frayed or worn spots on carpet and no cracks or holes in flooring. Steps and uneven floor surfaces should be prominently marked.

Sufficient exits must be provided and be well marked, with backup lighting systems in case of power failure. Customers or their children may spread communicable diseases by touching doors, floors, furnishings, items on display or for sale, or walls. Surfaces should be regularly sanitized.

Exposures increase if the business sponsors any activities or holds classes. Parking lots and sidewalks need to be in good repair with snow and ice removed, and generally level and free of exposure to slips and falls. If the business is open after dark, there should be adequate lighting and appropriate security for the area.

There should be a disaster plan in place for unexpected emergencies.

Personal injury exposures are from apprehending and detaining shoplifters, which may result in claims of assault and battery, false arrest or detention, unauthorized of intrusive searches, or wrongful ejection from the premises.

Shoplifting procedures must be fully understood and utilized by all employees.

Products liability exposure is normally low. Direct importing of clothes and other items for infants and children can increase the exposure. All infants' and children's clothing must meet government flammability guidelines.

Foreign-made items should come from a domestic-based wholesaler. Any direct importer should be considered as a product manufacturer.

Workers compensation exposure is moderate due to employees standing for long hours, the use of computers, and restocking which requires lifting and placing items on clothing rods or shelves. Continual standing can result in musculoskeletal disorders of the back, legs, or feet.

Trips, slips, and falls are common. When work is done on computers, employees are exposed to eyestrain, neck strain, and repetitive motion injuries including carpal tunnel syndrome.

Lifting can cause back injury, hernias, sprains and strains. Employees should be provided with safety equipment, trained on proper handling techniques, and have conveying devices available to assist with heavy lifting.

Exposure to communicable disease can be high as customers' children may touch items on display. All employees should have up-to-date immunizations to prevent the spread of communicable disease.

Cleaning workers can develop respiratory ailments or contact dermatitis from working with chemicals.

In any retail business, hold-ups may occur. Employees should be trained to respond in a prescribed manner.

Property exposures are low since ignition sources are limited to electrical wiring and heating and cooling systems. These should be maintained and meet current codes for the occupancy. Should a fire occur, the stock and its packaging materials provide a combustible fire load that is highly susceptible to water and smoke damage.

Individual items may be shoplifted. Appropriate security measures should be in place including physical barriers to prevent entrance to the premises after hours and an alarm system that reports directly to a central station of the police department.

Business interruption exposures are moderate. While backup facilities are readily available, sales can be seasonal with replacement stock difficult to obtain quickly for peak times such as Christmas.

Crime exposures are from employee dishonesty and theft of money and securities either from holdup or safe burglary. Background checks should be conducted on all employees handling money. There must be a separation of duties between persons handling deposits and disbursements and reconciling bank statements.

Receipting, inventory monitoring, and regular auditing are important. Money should be regularly collected from cash drawers and moved away from the collection area, preferably to a safe on premises. Bank drops should be made throughout the day to prevent a buildup of cash on the premises.

Inland marine exposures are from accounts receivable if the store offers credit, computers to transact sales and monitor inventory, and valuable papers and records for customers', employees', and vendors' information.

Backup copies of all records, including computer files, should be made and stored off premises. There may be goods in transit between stores or if the store delivers items.

Business auto exposure is generally limited to hired and non-owned for employees running errands. If the store delivers items to customers, only company vehicles should be used. Drivers must have a valid license and acceptable MVR. Vehicles must be regularly maintained with records kept.

Commercial Insurance And Business Industry Classification

  • SIC CODE: 5641 Children's and Infants' Wear Stores
  • NAICS CODE: 448130 Children's and Infants' Clothing Stores
  • Suggested ISO General Liability Code(s): 11127, 11128
  • Suggested Workers Compensation Code(s): 8008

Description for 5641: Children's and Infants' Wear

Division G: Retail Trade | Major Group 56: Apparel And Accessory Stores | Industry Group 564: Children's And Infants' Wear Stores

5641 Children's and Infants' Wear Stores: Establishments primarily engaged in the retail sale of children's and infants' clothing, furnishings, and accessories. Such establishments may specialize in either children's or infants' wear or they may sell a combination of children's and infants' wear.

  • Children's wear stores-retail
  • Infants' wear stores-retail

Description for 5651: Family Clothing Stores

Division G: Retail Trade | Major Group 56: Apparel And Accessory Stores | Industry Group 565: Family Clothing Stores

5651 Family Clothing Stores| Establishments primarily engaged in the retail sale of clothing, furnishings, and accessories for men, women, and children, without specializing in sales for an individual sex or age group.

  • Family clothing stores-retail
  • Jeans stores-retail
  • Unisex clothing stores-retail

Infant, Baby And Children's Clothing Stores Insurance - The Bottom Line

To discover the exact types of infant, baby and children's clothing stores insurance policies you'll need and how much coverage you should carry, speak with a reputable agent that is experienced in commercial insurance.

Types Of Small Business Insurance - Requirements & Regulations

Perhaps you have the next great idea for a product or service that you know will appeal to your local area. If you've got a business, you've got risks. Unexpected events and lawsuits can wipe out a business quickly, wasting all the time and money you've invested.

Operating a business is challenging enough without having to worry about suffering a significant financial loss due to unforeseen and unplanned circumstances. Small business insurance can protect your company from some of the more common losses experienced by business owners, such as property damage, business interruption, theft, liability, and employee injury.

Purchasing the appropriate commercial insurance coverage can make the difference between going out of business after a loss or recovering with minimal business interruption and financial impairment to your company's operations.

Small Business Information

Insurance is so important to proper business function that both federal governments and state governments require companies to carry certain types. Thus, being properly insured also helps you protect your company by protecting it from government fines and penalties.

Small Business Insurance Information

In the business world, there are many risks faced by company's every day. The best way that business owners can protect themselves from these perils is by carrying the right insurance coverage.

The The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight.

Commercial insurance is particularly important for small business owners, as they stand to lose a lot more. Should a situation arise - a lawsuit, property damage, theft, etc. - small business owners could end up facing serious financial turmoil.

According to the SBA, having the right insurance plan in place can help you avoid major pitfalls. Your business insurance should offer coverage for all of your assets. It should also include liability and casual coverage.

Types Of Small Business Insurance

Choosing the right type of coverage is absolutely vital. You've got plenty of options. Some you'll need. Some you won't. You should know what's available. Once you look over your options you'll need to conduct a thorough risk assessment. As you evaluate each type of insurance, ask yourself:

  • What type of business am I running?
  • What are common risks associated with this industry?
  • Does this type of insurance cover a situation that could feasibly arise during the normal course of doing business?
  • Does my state require me to carry this type of insurance?
  • Does my lender or do any of my investors require me to carry this type of policy?

A licensed insurance agent or broker in your state can help you determine what kinds of coverages are prudent for your business types. If you find one licensed to sell multiple policies from multiple companies (independent agents) that person can often help you get the best insurance rates, too. Following is some information on some of the most common small business insurance policies:

Business Insurance Policy Type What Is Covered?
General Liability InsuranceWhat is covered under commercial general liability insurance? It steps in to pay claims when you lose a lawsuit with an injured customer, employee, or vendor. The injury could be physical, or it could be a financial loss based on advertising practices.
Workers Compensation InsuranceWhat is covered under workers compensation insurance? This type of insurance protects a business and its owner(s) from claims by employees who suffer a work-related injury, illness or disease. Workers comp typically provides the injured employee with benefits to cover medical expenses, a portion of his/her lost wages, rehabilitation costs if applicable, and permanent partial or permanent total disability.
Product Liability InsuranceWhat is covered under product liability insurance? I pays an injured party's settlement or lawsuit claim arising from a defective product. These are usually caused by design defects, manufacturing defects, or a failure to provide adequate warning or instructions as to how to safely use the product.
Commercial Property InsuranceWhat is covered under business property insurance? General liability policies don't cover damages to your business property. That's what commercial property insurance is for. It protects all of the physical parts of your business: your building, your inventory, and your equipment, giving you the funds you need to replace them in the event of a disaster. If you work from home, you might consider a Home Based Business Insurance policy instead.
Business Owners Policy (BOP)What is covered under a business owners policy (BOP)? This is a policy designed for small, low-risk businesses. It simplifies the basic insurance purchase process by combining general liability policies with business income and commercial property insurance.
Commercial Auto InsuranceWhat is covered under business auto insurance? This type of insurance covers automobiles being used for business purposes. This could include a fleet of business-only vehicles or a single company car. In some cases it might cover your car or your employee's car while they're being used for business. These policies have much higher limits, ensuring you can cover your costs if one of these vehicles gets into an accident.
Commercial Umbrella PoliciesWhat is covered under commercial umbrella insurance? This type of policy is a sort of "gap" insurance. It covers your liability in the event that a court verdict or settlement exceeds your general liability policy limits.
Liquor Liability InsuranceWhat is covered under liquor liability insurance? It covers bodily injury or property damage caused by an intoxicated person who was served liquor by the policy holder.
Professional Liability (Errors & Omissions)What is covered under professional liability insurance? This type of business insurance is also known as malpractice oe E&O. It covers the damages that can arise from major mistakes, especially in high-stakes professions where mistakes can be devastating.
Surety BondWhat is covered under surety bonds? Bonding is a contract where one party, the SURETY (who assures the obligee that the principal can perform the task), guarantees the performance of certain obligations of a second party, the PRINCIPAL (the contractor or business who will perform the contractual obligation), to a third party, the OBLIGEE (the project owner who is the recipient of an obligation).


Who Needs General Liability Insurance? - Virtually every business. A single lawsuit or settlement could bankrupt your business five times over. You might also need this policy to win business. Many companies and government agencies won't do business with your company until you can produce proof that you've obtained one of these policies.

Business Insurance Required by Law
Small Business Commercial Insurance

If you have any employees most states will require you to carry worker's compensation and unemployment insurance. Some states require you to insure yourself even if you are the only employee working in the business.

Your insurance agent can help you check applicable state laws so you can bring your business into compliance.

Other Types Of Small Business Insurance

There are dozens of other, more specialized forms of small business insurance capable of covering specific problems and risks. These forms of insurance include:

  • Business Interruption Insurance
  • Commercial Flood Insurance
  • Contractor's Insurance
  • Cyber Liability
  • Data Breach
  • Directors and Officers
  • Employment Practices Liability
  • Environmental or Pollution Liability
  • Management Liability
  • Sexual Misconduct Liability

Whether you need any or all of these policies will depend on the results of your risk assessment. For example, you probably don't need an environmental or pollution policy if you're running an IT company out of a leased office, but you would need data breach and cyber liability policies to fully protect your business.

Also learn about small business insurance requirements for general liability, business property, commercial auto & workers compensation including small business commercial insurance costs. Call us (855) 767-7828.

Additional Resources Retail Insurance

Read valuable small business retail insurance policy information. In a retail business, you need to have the right type of commercial insurance coverage so that your store, employees, and inventory are protected.


Retail Insurance

Retail stores are susceptible to premises liability claims because of customer traffic, but large department and specialty stores are more susceptible than most.

All retail stores have significant property exposures. The on-hand stock represents a considerable investment, but the amount on hand fluctuates seasonally. For this reason, physical damage insurance on this property must be arranged carefully. When the insured occupies a non-owned building, insurance coverage must be arranged for the insured's interest in extensive improvements and betterments made to the premises.

Crime insurance, in the form of employee theft and money and securities coverage, is also very important.

The businessowners policy was designed with retail exposures and operations in mind. For this reason alone, it should always be the first type of package coverage to consider. However, for those risks not eligible for the business owners policy program, the commercial package policy (CPP) is a practical and convenient way to combine a number of coverages into one policy.

Retail businesses generate income through interaction with customers. This interaction is also how a customer can sustain an injury and then sue the retailer for damages. Hazards, exposures and operations both on premises and off are important and must be covered, but liability the retailer may incur because of the merchandise sold must also be considered and insurance protection arranged.

Inventory or stock is the major property exposure for most retail operations. Because stock values tend to fluctuate or have significant peaks at certain times of the year, value reporting or peak season valuation options should be considered. Business income coverage, including business income from dependent properties coverage, may mean the difference between a retail operation staying in business or being forced into bankruptcy following a loss.

When the insured occupies a non-owned building, insurance coverage must be arranged for the insured’s interest in extensive improvements and betterments made to the premises.

Most retail businesses offer endless opportunities for a variety of criminal activities. For this reason, the coverages needed must be carefully evaluated. Holdup and robbery losses may be the most obvious concerns but employee theft, fraud and counterfeit money losses are also serious issues that cannot be dismissed.

Retail businesses are gaining greater exposure to international issues because of the growth in sales via the internet. As these sales increase, the added exposures faced by these retailers must be evaluated. While their operating horizons are expanding so are their potential loss exposures.

Minimum recommended small business insurance coverage: Business Personal Property, Business Income and Extra Expense, Equipment Breakdown, Employee Dishonesty, Money and Securities, Accounts Receivable, Computers, Valuable Papers and Records, General Liability, Employee Benefits, Umbrella, Hired and Non-owned Auto & Workers Compensation.

Other commercial insurance policies to consider: Building, Earthquake, Flood, Leasehold Interest, Real Property Legal Liability, Computer Fraud, Forgery, Bailees Customers, Goods in Transit, Jewelers Block, Cyber Liability, Employment-related Practices, Business Auto Liability and Physical Damage and Stop Gap Liability.


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