Furniture Store Insurance

What Is Insurance for Furniture Stores?

Insurance for furniture stores helps protect against various claims and risks. Furniture store owners face risks during normal business operations. From customer injuries to property damage in your warehouse, these kinds of risks can significantly impact your furniture store. That’s why business insurance is important.

Getting different types of furniture store insurance can give your business well-rounded protection. We can help you get the right insurance coverages made for protecting your business. Whether you have questions about insurance for furniture stores or need help filing a claim, we’ve got your back.

Who Needs Furniture Store Insurance?

Furniture distributors
Cabinet stores
Furniture stores
Furniture and fixture installers
Officer furniture distributors
Drapery stores
Lamps and lighting fixtures stores
Clock stores

What Kind of Insurance Does a Retail Furniture Store Need?

Many companies start with a Business Owner’s Policy (BOP) for their furniture store insurance needs. A BOP combines three essential types of coverage to help cover claims and protect your furniture store from financial loss. This includes:

General liability insurance to help cover claims that your furniture store caused bodily injury or property damage to others.
Commercial property insurance to help protect your owned or rented building, tools, equipment and inventory that you use to operate your furniture store.
Business income insurance to help replace lost income if you can’t operate your furniture store because of covered property damage. This coverage is also known as business interruption insurance.

Furniture store owners may also need to get other types of coverage for more protection, like:

Workers’ compensation insurance to help employees recover from a work-related injury or illness. This insurance can help cover medical expenses and replace lost wages.
Commercial auto insurance can protect you and your employees on the roads while driving a company-owned vehicle for business.

How Much Is Furniture Store Insurance?

Our customers paid an average of $85 a month for a Business Owner’s Policy.¹ But be aware that furniture store insurance costs vary because every business is unique and has different needs. To determine costs, insurance companies look at various factors, which can include:

Location
Claims history
Industry

The best way to find out your furniture insurance cost is to get a quote.

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Protecting Your Furniture Store Property

A fire breaking out in your furniture store or warehouse can significantly impact your operations. Whether it’s damage from a fire, storm or theft, having the right type of insurance for furniture stores can play an essential role in protecting your business.

11.5% of nonresidential building fires were due to unintentional or careless mistakes.¹

Water Damage

“A pipe burst in the ceiling of our furniture store overnight and the water ruined several couches.”

Commercial property insurance helps protect your owned or rented inventory. So, if something gets damaged, this can help cover the costs for repairs or replacements.

Franchise Rules

“Someone broke into our furniture store and stole our point-of-sale system and measuring tools we use to help customers with their purchases. We had to replace it with upgraded equipment to meet the franchise standards.”

Our Franchise Upgrade coverage helps pay for additional costs your furniture store may face when repairing, rebuilding or replacing damaged property in order to meet your franchise requirements.

Covering Your Furniture Store Operations

We know it takes hard work and a lot of time to run a furniture store. That’s why we offer furniture store insurance coverage to give you peace of mind and protect your business from common risks.

Data breaches targeting the retail industry are largely financially motivated, where criminals are looking for payment information.²

Warehouse Fire

“A fire in our warehouse damaged several couches and mattresses. We couldn’t open our furniture store until new inventory came in.”

Business Income from Dependent Properties coverage can help replace lost income if you can’t operate your furniture store because a vendor you depend on suffered property damage.

Stolen Personal Information

“We were the victim of a data breach. Hackers took our customer’s names and credit card information.”

Data breach insurance can help your furniture store respond to a breach if personally identifiable information (PII) gets lost or stolen. Some insurance companies call this coverage cyber liability insurance.

Protecting Your Furniture Store Team

Your employees are key to a successful furniture store business. If they get hurt or sick from their job, furniture insurance can help them recover and get back to work sooner.

Fires from upholstered furniture are about 14 times more likely to result in death than other home fires.³

Sprained Back

“One of my warehouse workers hurt her back while she was moving boxes. She had to go to several weeks of physical therapy to recover from her sprain and could only work a limited amount of hours.”

Workers’ comp insurance gives your employees benefits to help them recover from a work-related injury or illness. It can help cover ongoing care costs and lost wages.

Delivery Accident

“Our driver backed up into a customer’s shed with our box truck while making a delivery.”

Commercial auto insurance can help cover property damage and bodily injury claims if you or an employee gets into a car accident while driving a business-owned vehicle.

Get a Furniture Store Insurance Quote

Not all furniture insurance companies are the same. We’re backed by more than 200 years of experience and know the risks your furniture store faces. Our specialists can work with you to create a customized insurance policy that fits your needs and budget.