Unlike regular workwear, industrial uniforms are designed to be not only functional for a specific job, but also to provide safety from the specific hazards in certain types of workplaces. Industrial uniform suppliers sell uniforms and workwear for a variety of industries, including healthcare, industrial, manufacturing, hospitality, construction, law enforcement, and first responders.
Industrial uniform suppliers often have brick-and-mortar retail locations, as well as catalog shopping and online shops. Industrial uniform suppliers may also offer custom embroidery work and other services to their customers.
Every industrial uniform supply business is unique and needs business insurance that is equally customized. A local independent insurance agent can help you get the coverage you need to protect you from unexpected financial losses.
Why Do You Need Industrial Uniform Supply Insurance?
Industrial uniform suppliers sell very specialized apparel to law enforcement agencies, manufacturers, hospitals, and construction firms. They also sell uniforms to individuals who work in these types of environments.
In order to ensure that you can serve your customers, you must invest in insurance policies to protect your business assets from the following potential risks.
- 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
- Lawsuits related to faulty products or other negligence claims
- 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
- Equipment damage
- Employee theft of cash or inventory
- Delivery drivers involved in automobile accidents
- Selling faulty products
- Employee lawsuits related to discrimination or other claims
- Cyber breaches
What Does Industrial Uniform Supply Insurance Cover?
Industrial uniform suppliers need insurance coverage that protects against their unique risk exposures. This typically starts with a package of basic property and liability protection.
- Commercial general liability (CGL) insurance: This is critical for industrial uniform suppliers. It protects you from costs related to bodily injury or property damage that you or your employees cause to third parties. CGL policies also cover your defense costs, court costs, and court-ordered judgments that you must pay.
A CGL policy responds to simple trip and fall incidents in your store (e.g., a customer trips on an upturned rug and breaks her ankle). And it covers you if you’re responsible for damaging someone’s property. CGL policies also cover claims of slander, libel, and advertising liability.
- Commercial property insurance: This is essential for proprietors who own their buildings or whose business handles a large volume of expensive inventory. Business property insurance protects you if a fire, vandalism, smoke, theft, or another type of event damages your property. It provides coverage for lost inventory, office equipment, computers, and more.
Industrial uniform suppliers must pay particular attention to the valuation of their business property, especially inventory, as it may fluctuate. Your independent insurance agent can help you make sure you have sufficient coverage for your building, inventory, and any other commercial property, such as a warehouse, office space, office furniture, store fixtures, and more.
- Commercial property insurance policies usually include business interruption coverage, which protects your earnings if your business is unable to operate because of damage caused by some type of disruption (fire, hail, wind, equipment breakdown). This coverage is usually quite affordable and will be invaluable if you are forced to close your doors for a period of time in order to make repairs. It pays for rent, employee salaries, lost income, relocation fees, and more.
You can expand your business interruption coverage to include coverage for breakdowns in utility services (water, electrical) that force you to temporarily close your doors.
- If you own commercial vehicles and make deliveries to your customers, you need commercial auto insurance. Business auto insurance covers your company’s vehicles and drivers (cars, SUVs, vans and trucks) that are damaged or injured in a collision or some other type of event. If you or your employees drive personal vehicles for business purposes, you must have non-owned or hired auto liability coverage to protect your company if an employee is an accident while out making deliveries.
Do You Need Any Other Industrial Uniform Supply Insurance?
In addition to the coverage types described above, industrial uniform suppliers will want to consider some of the following types of business insurance. Whether or not you need them depends upon your unique risks.
- Workers’ compensation insurance: This provides insurance coverage when accidents happen at the workplace. It ensures that the injured worker gets medical care and income protection while unable to work.
- Commercial umbrella insurance: This provides supplemental liability protection beyond the limits of certain other liability policies. This policy can be invaluable for that once-in-a-lifetime judgment rendered against you.
- Employment practices liability insurance: This covers you if an employee sues you for discriminatory employment practices.
- Cyber liability coverage: This protects you from the risks associated with cyberattacks, data breaches, viruses, and other cyber-related issues that impact your online store or other computer systems.
- Employee theft and crime coverage: This protects your business from the costs of theft, dishonesty, and fraudulent acts committed by an individual employee or a group of employees. It provides coverage for forgery, alteration, theft, unauthorized electronic funds transfers, credit card fraud, computer fraud, money order fraud, and counterfeit fraud.
How Much Does Industrial Uniform Supply Insurance Cost?
Insurance costs are hard to predict for any business, because every business is unique.
Your costs will depend on the type of coverage you need and the coverage limits you require to adequately protect your commercial property and the liability risks that you face.
Insurance companies who specialize in businesses like yours will evaluate your unique characteristics, such as these factors.
- The location of your business
- The amount and value of your inventory
- Whether or not you own your building
- The number of employees
- The crime and weather risks in your area
These details and others will determine your cost for coverage.
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 Agent
Our agents simplify the search process for finding the industrial uniform supply insurance. They’ll walk you through the 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 omit 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.
TrustedChoice.com Article | Reviewed by Paul Martin
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