Grocery stores in Hampton Roads, VA face daily risks, from property damage to lawsuits. Whether you operate a small market in Newport News or a large supermarket in Virginia Beach, having the right grocery store insurance is essential to safeguard your investment.
Grocery stores provide more than food—they often include pharmacies, catering services, and alcohol sales. These added services increase risks like spoilage, machinery breakdown, and legal liabilities, making tailored insurance coverage a must.
Key Coverage Options for Grocery Stores
1. Property Coverage
Protect your physical assets with:
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Building Insurance: Covers damage to the structure caused by fire, wind, or vandalism.
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Commercial Property Insurance: Protects inventory, equipment, shelving, and cash registers.
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Boiler & Machinery Insurance: Covers critical machinery like freezers and slicers, including repair costs and rentals during downtime.
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Spoilage Insurance: Compensates for perishable goods lost due to equipment failure.
2. Liability Insurance
Minimize financial risks from lawsuits with:
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Premises Liability Insurance: Protects against slip-and-fall claims on store property.
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Product Liability Insurance: Covers illnesses or injuries caused by contaminated or defective products.
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Liquor Liability Insurance: Required for stores selling alcohol, covering claims linked to alcohol-related incidents.
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Cyber Liability Insurance: Protects against cyberattacks compromising customer data.
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Umbrella Insurance: Extends liability limits for added protection.
3. Additional Coverage to Consider
Complete your grocery store’s protection with:
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Business Income Insurance: Covers lost income during closures caused by covered events.
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Workers’ Compensation Insurance: Provides for medical expenses and lost wages for injured employees.
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Flood Insurance: Essential for stores in flood-prone areas.
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Employment Practices Liability Insurance: Protects against claims of harassment or wrongful termination.
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Employee Dishonesty Insurance: Covers theft or fraud by employees.
At Goodrich & Watson Insurers, we understand the unique risks grocery stores face in the Hampton Roads area. Our independent agents shop multiple carriers to craft a policy tailored to your needs. Protect your grocery store and your livelihood with comprehensive coverage. Contact us today for a free insurance quote!
