If you’re a supermarket industry veteran or executive, you probably already know a thing or two about a supermarket insurance program. If you’re new to the industry or the executive world, however, here’s a quick primer on this type of program.
Accident and Loss Coverage
The supermarket industry is rife with loss and risk. A supermarket insurance program typically covers the following accidents and losses:
- Customer injuries
- Food spoilage
- Power failure
The types of coverage include, but are not limited to, the following:
- Business auto (hired and non-owned)
- Property and liability
- Workers’ Compensation
Druggist and liquor liability may also be available to supermarkets and grocery stores that sell pharmaceuticals and beer and wine.
Risk Management and Accident Prevention Services
Many supermarket insurance program providers not only specialize in coverage for accidents and losses but also offer risk management services and accident prevention measures. According to Smithtown, New York-based insurance industry leader Irving Weber Associates, Inc., these additional services help clients to increase the safety of their retail spaces and reduce insurance claims.
If you seek a supermarket insurance program, contact a licensed provider in your area. Most providers will work with you to create a coverage program that fits your operation’s unique needs and risk profile.