Hardware Stores

Operating a hardware store can be a satisfying and profitable experience. You get to know your community better and to help guests with their home improvement projects. A lot of hard work goes into making your business successful, and keeping your finances safe against a variety of hazards is of the utmost importance. With hardware insurance solutions from AmTrust Financial, you can navigate through uncertainties with the confidence that you're safeguarded against risks.

As a hardware store owner, you put a lot of effort into running your business. You rely on your employees to engage with customers and to identify their needs, and you're tasked with keeping track of inventory and sales. While you're focused on ensuring your business's success, there are certain mishaps that could threaten your hardware store:

• An employee could become seriously injured after operating a heavy piece of machinery
• A customer could slip on a wet floor and break a bone
• An employee could be involved in an auto accident while making a delivery to a customer


What Does Hardware Store Insurance Cover?


Hardware store insurance can be fully customized to suit your needs, but typically covers:

• Property
• Inventory
• Employees
• Commercial vehicles


Protect Your Property and Inventory With a Businessowners Policy (BOP)


A businessowners policy (BOP) can help you recover financially if the building you own or lease becomes damaged due to fire, weather, theft, vandalism, or any other covered event. Coverage often also helps protect your inventory, equipment, and products. And, if a major catastrophe prevents you from being able to keep your store open for an extended period-of-time, the policy may help you recoup some of your lost income.


Workers’ Compensation for Hardware Stores


Accidents are bound to happen, and in a hardware store that carries potentially dangerous power tools and frequently relies on heavy equipment such as forklifts, the possibility for an employee to suffer an injury is heightened. Workers' compensation insurance helps to cover employee-related accidents, illnesses, and injuries. Coverage may pay the costs of necessary medical bills, surgeries, prescription drugs, rehabilitation needs, and partial lost wages if an employee becomes injured due to a workplace incident.

A workers’ compensation policy can also cover accidents and injuries that occur whenever an employee is away from work, as long as the event is work-related. For example, if one of your team members suffers back strain after delivering a heavy item to a customer, he or she may receive financial compensation. In addition to covering claim-related costs, workers' comp may also be able to keep your business protected against lawsuits relating to employees' injuries.


Safeguarding Your Hardware Store with General Liability Insurance


If a customer becomes injured while visiting your store, paying for his or her medical expenses out-of-pocket could be difficult. And, dealing with the costly effects of a lawsuit can be devastating. General liability insurance can safeguard your hardware store against many third-party claims. The policy can cover bodily injury, property damage, advertising injury, personal injury and other expenses.


Ensure Your Commercial Vehicles Are Protected with Commercial Auto Insurance


Most states require hardware store owners who own, lease, and operate vehicles to carry commercial auto insurance. A policy can help you pay the costs of medical bills, property damage, and liability claims if you or one of your drivers is involved in an accident.


How Do I get to Get Hardware Stores Workers’ Comp and Business Insurance


Get the coverage you need to keep your hardware store thriving even in the face of uncertainties. Let AmTrust Financial help you find insurance policies and coverage limits to help keep your hardware store safeguarded. We work alongside you to find an insurance package suited to your needs. To learn more about hardware store workers' compensation packages and other top-rated insurance products that are available through AmTrust contact us today.
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