Texas Boutique Insurance
You decided to open you own new chic boutique downtown, you have went through all of the paper work and assembled your new inventory, but now you are left with the burden of finding an insurance policy that meets the needs of your unique boutique business. Don’t fret, here at Patterson Insurance, we actually specialize in helping businesses just like yours find the Texas boutique insurance policy they need!
No matter why you opened your boutique shop, you need to do everything that you can to protect it. The best way to protect your Texas boutique business from the things you can’t predict is with a good, solid Texas boutique insurance policy.
Now, you may have never heard of Texas boutique insurance, and if you are new to being a business owner, the concept of business owner’s policies and general liability policies may seem a little foreign. Just like an insurance agency owner wouldn’t know where to start when it comes to purchasing inventory for a new boutique! At Patterson Insurance, we offer you comprehensive coverage for your store without breaking your budget. Every store is different. The small boutique shop doesn’t need the same amount or type of coverage that the larger franchises need.
All boutiques in Texas do however need certain basic insurance coverages.
General liability insurance
Takes care of you and the boutique if a customer or vendor falls, trips, slips, gets hurt, or has their property damaged while at your shop.
Can replace or repair your equipment, inventory, and building.
Covers you and your employees by paying lost wages and medical payments when they get hurt, and taking care of legal expenses if your boutique business gets sued.
Commercial auto insurance
Protects you and your boutique if you or an employee makes a delivery or runs an errand for the store.
Once you have the basics taken care of, it’s time to consider additional coverage specific for your boutique shop’s needs.
This covers you if your employee steals cash, credit card numbers, or inventory. This is important especially if you are a new boutique that needs to hire new employees.
Employment Practices Liability Insurance
You’ll be protected in case an employee accuses you of harassment, discrimination, or wrongful termination. Another important aspect to consider as part of your Texas boutique insurance policy.
Without a sign people think you’ve gone out of business. This insurance will repair or replace your boutique sign under a covered peril.
If a covered loss happens to shut you down for any reason or limits your income, this coverage kicks in to replace your lost income so you can still pay your employees and keep the boutique business moving forward.
Brands and Labels
Having to remove brands or labels from merchandise or deal with spoiled goods is expensive. If a covered loss forces you do this, your coverage will help pay for the cost to get the job done. This is very important for boutiques specifically due to the nature of your merchandise.
In this day and age almost every boutique has a computer system for ringing people up and taking payments as well as keeping up with your inventory. This protects you and your business against the loss or damage of your computer systems.
Every boutique shop needs something a little different. Sit down with the Patterson team to discuss your store and what we can do together to protect it. No one can predict the future, but we can make sure your boutique business has the right insurance coverage in place to weather any storm.