Western Wear Store Insurance

How to Insure Your Western Wear Store

Western wear store insurance

Western wear stores specialize in selling western-themed apparel and accessories for men, women, and children, including:

  • Shirts, cowboy boots, jeans, and outwear
  • Accessories and leather goods (belt buckles, wallets, hats, shoes, jewelry)
  • Work wear
  • Western suits, sportswear, and slacks
  • Equestrian riding boots and apparel
  • Hunting and outdoor apparel and shoes

Some western wear stores might sell only apparel and accessories, while others have an extensive inventory that includes saddles and tack, trail equipment and accessories, western décor, gifts, and more. 

Many western wear stores also offer alterations and repair services for apparel, leather goods, and other items. 

Western wear stores are typically located in shopping malls, strip malls, stand-alone stores, and even tents and pop-up locations at festivals, special events, or other temporary locations. 

If you own a western wear store, you need to know the types of risks you face and how you can protect your assets and move forward even in the worst of times.

With the right business insurance, you can put your mind at ease and focus on what’s important. An independent insurance agent in your city can help you find western wear store business insurance that helps you protect your livelihood.

Why Do You Need Western Wear Store Insurance?

Western wear store insurance helps you avoid or mitigate financial losses from unexpected events. Consider all of the things that could go wrong (and result in serious repair costs, loss of income, or a lawsuit) during the course of your workday. 

  • Accidents, such as trips and falls in the store or parking lot
  • Shopping carts or store fixtures causing injury or property damage in the store or parking lot
  • Damage to your inventory due to some catastrophic or unexpected event (fire, smoke, weather, vandalism, etc.)
  • Loss of income due to a catastrophic or unexpected event (a fire damages part of your store, forcing you to close while repairs are made)
  • Employee theft of cash or inventory 
  • Selling faulty or dangerous products 
  • Employee lawsuits related to discrimination or other claims
  • Cyber breaches (data breach of your online store)

What Does Western Wear Store Insurance Cover?

Western wear store insurance should cover the unique risks you face in your line of business. This includes physical damage to your building or property, as well as your responsibility to financially compensate any customers or members of the public that get injured on your property or as a result of buying something from you.

Keep in mind that if you occasionally open a temporary location (e.g., at the state fair, at a music festival, etc.) in addition to your permanent location, you must ensure that all of your business insurance policies extend to those temporary operations, where applicable. 

Working closely with an independent insurance agent, you can determine exactly what risks you have and find tailored insurance policies to address them. 

What Basic Western Wear Store Insurance Policies Do You Need? 

You need several business insurance policies to cover all of your unique risks. 

  • Property coverage, for buildings and their contents, such as computers and cash registers, inventory, equipment, furniture, fixtures, and more. Commercial property insurance helps you rebuild or make repairs when unexpected events—like a fire or severe weather—destroy your merchandise and your physical space (the structure of your store, if you own it). With a large amount of valuable inventory on hand in your store, it’s essential for you to ensure that you have the right amount of property coverage to protect you in the event of a catastrophic loss. 
  • Business interruption coverage, which compensates for lost business income and pays for operating expenses if you must temporarily close after a covered loss (e.g., a fire damages your stockroom and part of the sales floor, and you must close your store during the rebuilding process). 
  • General liability coverage, which pays for claims of bodily injury and property damage to third parties due to your negligence. If an employee leaves a ladder unattended while stocking shelves and a child climbs the ladder, falls, and is injured, this policy would cover the victim's medical expenses. Likewise, if one of the products you sell causes an injury (e.g., you sell a faulty saddle that causes a rider to fall off a horse and suffer a serious injury), your general liability coverage will pay for medical expenses, as well as your legal fees and financial settlements if you are sued. 

If you operate a single store or even several stores, you may be able to bundle your basic property and liability coverage together into a packaged policy (business owners policy, or BOP) designed for small businesses owners. 

Do You Need Any Other Coverage for Your Western Wear Store? 

Your commercial property and liability policies cover a lot, but they do not cover everything. You’re likely to need to purchase some additional tailored coverage in the form of endorsements (optional coverage add-ons) to your basic business insurance policies. 

Or you may need to purchase additional stand-alone policies that provide the following types of coverage:

  • Commercial umbrella insurance provides excess liability protection to any of several other policies you might have. If a customer injury in your store leads to an expensive lawsuit that exceeds the limits of your commercial general liability policy, your commercial umbrella policy kicks in with higher coverage limits.
  • Commercial auto insurance ensures that you’ll be able to pay for any physical damage or injuries you cause if you are in an auto accident while driving for business purposes. If you pick up or deliver repairs or alterations, or if you use vehicles for any business purpose—including running errands—you’ll need to discuss commercial auto insurance with your independent insurance agent. 
  • Workers’ compensation insurance is typically required for any business that has employees. It pays for lost income and medical expenses for employees who are injured on the job. If a cashier, stock person, store manager, or any other type of employee is injured while lifting heavy boxes, slipping on a wet floor, or falling off a ladder, workers’ compensation insurance pays for related medical costs and compensates the employee for time away from work. 
  • Crime coverage protects your business if an employee or a group of employees engages in theft, forgery, or fraud that damages your business. This includes theft of money in the cash register or safe, shoplifting, and vandalism. 
  • Sign coverage pays for damage to outdoor signs that are not attached to your building when the damage is caused by weather, vandalism, fire, etc.
  • Utility interruption coverage provides income protection if you are unable to operate due to a covered utility (water, electrical) interruption.
  • Cyber liability insurance is important for any business that uses, transmits, or stores electronic data. And if you sell western wear online in addition to your brick-and-mortar store, this coverage becomes essential. It pays for certain costs related to a cyber breach as well as any related legal costs if a customer or supplier who was harmed by the breach sues you.

If you occasionally operate out of temporary locations, talk to your insurance agent about your need for inland marine coverage. It protects your inventory, tools, tents, signs, computer equipment, and supplies while they’re in transit, such as when these items are being transported from your brick-and-mortar location to a temporary location for a weekend festival. 

A Note About Bailees Coverage for Western Wear Stores

Many western wear stores offer alterations and repair services for apparel and other specialty items. 

If you offer these services, a customer’s personal item may be entrusted to you for a some time while you repair a tear, fix a seam, or replace a worn lining. If you provide this service, you have several additional risk exposures.

What happens if a customer’s property is damaged while it is in your care, custody, or control? Because standard business property and liability policies cover only your own business property, you need special coverage for your customers’ property that is in your possession. 

Bailees coverage is an add-on to a business property policy that covers non-owned property that is stored at your store or is in your possession. It helps pay for damages and minimizes the financial implications for you and your customers if their property is damaged while in your control. Bailees coverage is specifically designed for businesses like tailors and cleaners that take in the property of others and are expected to return it undamaged. 

If you offer alterations or repair services in your western wear store, talk to your independent insurance agent about your need for this type of coverage. 

How Much Does Western Wear Store Insurance Cost?

A variety of factors come in to play when determining how much your western wear store insurance will cost. Insurance companies evaluate your individual risk factors, such as your location, your store size, the number of employees, and the value of your inventory.

What’s more, the types of policies you need and your coverage limits have a tremendous impact on what it will cost to insure your western wear store. 

Some small business owners can get the best rates by purchasing a business owners policy (BOP), which combines commercial liability insurance, commercial property insurance, and business interruption coverage into one affordable and efficient package policy. Other coverage can be added on to complete your comprehensive business insurance program. 

Find and Compare Quotes

An independent insurance agent can work with you one-on-one to determine the types and amounts of coverage you need. Your agent can get quotes from multiple insurance companies so you can evaluate the cost and coverage options and make the best choice. 

Benefits of an Independent Insurance Agent

Independent insurance agents simplify the search process for finding the right western wear store insurance. They’ll walk you through some handpicked policy options and explain the details and options.

Most importantly, they’ll be there for you when claim time comes. They know the ins and outs of the process and will make sure your claim is handled appropriately. 

The Lowdown on Online Quotes

Online quotes can be tempting. They are fast and easy to get—but are they accurate? And are you getting quotes for the right coverage? For business owners, choosing speed over accuracy can cost you.  

Online quotes can’t and don’t see the whole picture. They can leave out important coverage that will leave you devastated if something unexpected happens. And they can leave out cost-saving opportunities that an agent can help you take advantage of. 

Instead of getting an online quote, find an independent insurance agent now, and get one-on-one consultation and affordable options for the best coverage for your unique needs. 

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