Tenant improvements coverage covers permanently attached property on the rented premises that were installed or purchased by the insured. Under retail insurance, we recommend a tenant improvements limit that is based on the value of the improvements.

Business property coverage, also known as contents coverage, covers loose property on the insured premises. For retail business insurance, we recommend a contents limit that is based on the value of this property.

Off-Premises property coverage covers property away from the insured premises. Under retail shop insurance, we recommend an off-premises limit that is based on the value of the property that could be taken off the insured premises.

Typically the building owner covers glass damage, however, some leases require that the tenant cover glass damage, which tenant’s glass coverage covers. Under store insurance, we recommend a tenant’s glass limit that is based on the value of the windows at the insured location.

Employee dishonesty covers embezzlement of company funds. For retail insurance, we recommend an employee dishonesty limit that is based on the company funds exposed to embezzlement.

Business income coverage replaces lost income if a covered loss renders the shop uninhabitable. Additional coverage is available for power outages. Under retail business insurance, we recommend a business income limit that is based on the income that could be lost over the period of time that could be required to repair the insured location.

General liability coverage primarily protects your company financially if held responsible for trip and slip-type injuries. For retail shop insurance, at least $1,000,000 general liability coverage is recommended.

Personal and advertising injury coverage primarily covers defamation and copyright/trademark infringement. Under store insurance, a personal and advertising limit of at least $1,000,000 is recommended.

Employee benefits coverage covers mismanagement of benefits. This would provide coverage if, for example, an employee holds the company responsible for a major medical expense they expected to be covered under the company health insurance plan. An employee benefits limit of at least $1,000,000 is recommended under retail shop insurance.

Employment practices liability insurance coverage (EPLI) covers claims of discrimination, wrongful discipline/termination, harassment, breach of (implied) contract, failure to employ or promote, deprivation of opportunity, and infliction of emotional stress made by employees. Third-party coverage is available to cover claims of discrimination and harassment made by customers, vendors, etc. Keep in mind that even if there is no basis for a claim, defending these claims can be expensive, and this coverage will pay defense costs.