Whether you’re located inside of a bowling alley or you run a separate store, understanding your insurance obligations while running a bowling supply shop can be difficult. From protecting your inventory from theft to protecting your employees after an injury, bowling supply shop insurance encompasses a wide variety of coverages to help you run your business effectively. And an independent insurance agent is exactly who you need to help you find the right coverage.
When it comes to understanding the somewhat complex world of commercial insurance, working with an independent insurance agent is a smart decision. Independent insurance agents have the expertise and resources available to make sure you can make the right choices when it comes to getting the coverage your bowling equipment store needs.
Why Do I Need to Insure My Bowling Supply Shop?
To begin with, if you run a business and deal with the public, insurance is a must.
Insurance serves as a buffer for your bowling supply shop to deal with lawsuits, damages, and other circumstances that can have a significant financial impact on your operations. For example, if a customer slips in your retail space and is injured, they have the legal right to file a claim against you for negligence and reimbursement for their medical bills. Having a general liability policy in place can offset the legal fees and settlement payouts if it is determined that your business is at fault.
Insurance can also help reimburse your business should damages occur to your bowling supply shop. If a fire breaks out and your inventory is damaged, insurance can help replace it after you pay the deductible, a small fee in addition to premium payments that once met, covers you up to the coverage limits of your insurance policy.
Only in very few cases will insurance be optional for bowling supply shops, such as owning the property outright, having a number of employees below state minimums for workers' comp insurance, and more.
To understand more about how insurance can benefit your bowling supply shop, contact an independent insurance agent. Independent insurance agents are able to advise you on finding the best coverage at the lowest prices — something that’s surely on the mind of any cost-conscious bowling supply shop owner.
What Types of Insurance Are Available for My Bowling Supply Shop?
Now that you have a basic idea of why insurance coverage is necessary for bowling supply shops, let’s look at the main types of insurance coverage that are need for your day-to-day operations:
General Liability Coverage
General liability insurance covers your bowling supply shop from some of the most common liabilities from third-party non-employees, such as customers or independent contractors.
General liability covers legal bills and settlements resulting from:
- Bodily injury
- Property damage
- Medical payments
- Legal defense and judgment
- Personal and advertising injury
Because your bowling supply shop may hire instructors and technicians, this type of insurance coverage may prove useful when damage or physical injury is caused to third parties.
Examples of general liability coverage include:
- A bowler slips and falls when dropping off their property at your store.
- Another bowling supply shop has sued your company for slander regarding allegedly defamatory advertisements.
- A customer slips on wet flooring in your restroom and breaks his wrist.
Commercial Property Insurance
Your bowling supply shop needs property insurance in situations where the business needs to be reimbursed for property damage or lost property. This policy covers the cost of replacing your business equipment or other property when lost/damaged by:
- Natural disasters (excluding floods, earthquakes, etc.)
Property coverage may include:
- Business Equipment
- The structure of the offices/premises
Examples of commercial property insurance include:
- An electrical fire breaks out and results in smoke damage that requires extensive repairs.
- A burglar steals your computer equipment at night.
Workers' Compensation Insurance
To start, workers' compensation insurance is mandatory in most states for any non-owner employees except for Texas. Workers' comp is a broad form of insurance coverage that protects your bowling supply shop from any number of costs arising from the workplace. This coverage is important for claims, as lawsuits are generally avoided if injured workers file a claim through workers' compensation. Also, criminal charges may be filed against those who do not comply with state coverage minimums.
Workers' compensation can pay for:
- Funeral costs
- Medical bills
- Ongoing wages for injured or sick employees
- Support payment for any dependents
Examples of workers' comp insurance coverage include:
- A repair tech develops carpal tunnel syndrome and needs to take time off work to recover from surgery.
- An employee slips in your stockroom and breaks their ankle.
Commercial Automotive Insurance
A commercial automobile insurance policy can protect your bowling supply shop from losses that arise when car accidents happen. Coverage is available from bare minimum liability coverage to comprehensive policies that include theft, vandalism, and other damages.
Examples of commercial automotive insurance include:
- Your delivery truck is involved in an accident while delivering a customer’s property.
- One of your company vehicles is stolen during off-hours.
Additional Forms of Insurance for Bowling Supply Shops
Because insurance is available for a wide variety of activities, you can boost or customize your coverage to safeguard your bowling supply shop. Discuss the following coverages with an independent insurance agent to see if you can add these policies to your business:
- Umbrella coverage
- Cyber liability insurance
- Business interruption insurance
- Equipment breakdown insurance
- Employee dishonesty coverage
- Earthquake/flood/wildfire insurance
- Errors and omissions (E&O) insurance
- Product liability insurance
How to Find the Best Insurance for Your Bowling Equipment Store
Insurance policies can be complex, and searching through options can be confusing, time-consuming, and frustrating. An independent insurance agent's role is to simplify the process.
When it comes time to purchase insurance, they’ll break down all the jargon and explain the nitty-gritty so you understand exactly what you're getting.
And should you need to file a claim, you’re not alone. Your agent will be right there to help guide you through every last step and get your business back to where it all was. How great is that?
Why Online Quotes Aren’t Always the Best Way to Shop
Getting your insurance quotes online can be tempting. Sure, it’s fast and easy, but are the quotes you are getting actually accurate? And are you getting quotes for all the different types of coverage your business needs?
Online quotes cannot give you the whole picture. They often omit important coverage, which may result in you being unable to get compensation if something disastrous happens. And they can leave out cost-saving opportunities such as discounts and bundling opportunities that an independent agent can help you take advantage of.
Instead of getting an online quote, find an independent insurance agent near you, and schedule a one-on-one consultation to discuss your options for the best coverage for your bowling equipment store.
The Benefits of an Independent Insurance Agent
Independent insurance agents have access to multiple insurance companies, ultimately finding you the best coverage, accessibility, and competitive pricing while working for you. Find an independent insurance agent in your community here.
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