Comprehensive Commercial Retail Insurance Solutions

Retail businesses, whether they’re a small “Mom and Pop shop” or a larger, multi-million dollar franchise all require commercial retail insurance to cover their bottom line. It’s easy to overlook retail business insurance when a large number of businesses exist solely online, but insurance is vital whether your business is accessible on the streetsite or on an Internet browser. What would you do if your business’ stock was unexpectedly destroyed in a fire? A retail business insurance broker from LMBF can help you get started on the coverage you need today or you can begin the process yourself by applying for a free quote.

Retail Business Insurance - What it Covers



Where would your business be without its physical property and inventory? Even if your business operates virtually, it still needs coverage for its inventory and stock - wherever that is kept. Commercial property insurance covers your business for fires, vandalism and theft, and more.



As the most basic form of insurance for small and large retail businesses, CGL offers vital insurance for lawsuit claims due to slips and falls and unintentional property damage. This may cover lawsuit expenses such as settlement fees, defense costs, and more.

Product Recall

Product Recall

Product recall or product liability insurance is vital for both brick-and-mortar stores and e-commerce websites. It can cover liability claims due to third-party injuries and property damage as a result of product defect that occurs when products are developed, sold, or distributed.

  What retail business insurance covers
  • Commercial general liability (CGL)
  • Commercial property
  • Product recall
  • Cyber liability
  • Equipment breakdown
  What retail business insurance excludes
  • Fradulent actions
  • Employee dishonesty
  • Intentional actions
  • Criminal activities
  • Wear-and-tear damages

What is commercial retail insurance?

Commercial retail insurance, or retail business insurance, is a policy package designed for retailers who face risks associated with the distribution, development, or selling of merchandise and products - both virtually and in-person. Commercial retail insurance encompasses several insurance products that, when combined, offer sufficient insurance protection for your business, its property, products, workers, and so on.

Types of Retail Business Insurance

Retail business insurance can vary in its coverage based on your business and the insurance provider you are with. In the event you should ever need to submit a claim (although we hope you never do!) it helps to know the basics of what you have coverage for. There are a lot of insurance considerations for retailers and it can sometimes be overwhelming. If you need any assistance determining your coverage needs, discuss with an LMBF retail insurance broker. See below for some examples of retail business insurance coverage you may need.
Surety Bond

Surety Bond

  • Bonds
  • Guaranteed payment
More info
Property Insurance

Commercial property

  • Physical property
  • Stored belongings
  • Contents
More info
Professional Liability Insurance

Professional liability

  • Negligence
  • Misinformation
  • Omissions
More info
Commercial Auto Insurance

Commercial auto insurance

  • Collision
  • Comprehensive
  • Liability
More info
Business Interruption Insurance

Business interruption

  • Ongoing wages
  • Employee payroll
  • Bills
  • Rent
More info
Commercial General Liability Insurance

Commercial general liability

  • Bodily injury
  • Advertising injury
  • Property damage
More info
Cyber Insurance

Cyber insurance

  • Data breach
  • Restoration costs
  • Liability
More info
Cargo Insurance

Cargo insurance

  • Goods in-transit
  • Accidents
  • Damages
More info
Umbrella Insurance

Umbrella insurance

  • Extended liability
  • Advertising injury
  • Bodily injury
  • Property damage
More info
Equipment Breakdown Coverage

Equipment breakdown

  • Unexpected breakdown
  • Machinery
  • Boilers
More info
Directors and Officers Liability Insurance

Directors’ and officers’ liability

  • Lawsuit expenses
  • Defense costs
More info
Film Production Insurance

Film production insurance

  • Liability
  • Damages
  • Injuries
  • Libel & slander
More info
Product Recall Insurance

Product recall insurance

  • Product malfunction
  • Defect
  • Injury
  • Damages
More info
Crime Insurance

Crime insurance

  • Dishonesty
  • Fraud
  • Criminal activity
More info
Risk Management

Risk management

  • Strategies
  • Risk reduction
  • Mitigation
More info

Our Retail Business Insurance partners

Retail businesses encompass a large portion of the economy and offer a vital service. Without them, where would we be? In order to better protect our businesses in the retail sector, LMBF has partnered with some of the top commercial retail insurance companies to get you comprehensive retail business insurance at an affordable rate. For retailers whose livelihood is their retail business, LMBF wants to ensure you have peace of mind to continue operations as per usual - which is why we work with the experts that we do. Start today on comprehensive, uniquely tailored retail business insurance by getting a free quote.

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Want to Get Started on Your Retail Business Insurance Policy? Start with a Retail Business Insurance Quote.

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Retail Business Insurance: Frequently Asked Questions

A: The short answer: yes. As a commercial enterprise that deals with customers, the distribution of a product, sales and advertising, and has a physical or online presence - you need insurance. Retail business insurance protects retail enterprises from repair and restoration costs due to insurable perils such as fire, natural disasters, and theft, but it can also provide coverage for lawsuit expenses due to claims of bodily injury and property damage.

A: Retail business insurance costs a different amount depending on the size of your business, what it sells, its years of experience, its insurance history, employees and staff members, the amount of clients attending its property each day, and so on. If your budget is tight, don’t hesitate to discuss with a retail insurance broker from LMBF for advice on how to save.

A: Coverage needs vary from business to business. After all, no two businesses run the same so it can be assumed that no two businesses face the exact same exposures. It is highly advised that businesses (of any sector) carry CGL (commercial general liability insurance) as a base line, but coverage options after that may vary. Commercial property, product recall, workers’ compensation, etc. are all valid options to help sufficiently insure your business, but if you aren’t sure you can always enlist an LMBF retail insurance broker to advise you.

A: The retail sector encompasses a large variety of businesses from your small “Mom and Pop shops” to your multi-million dollar enterprises. Any business that sells, manufactures, or develops products requires commercial retail insurance. That may include e-commerce stores, florists, brick-and-mortar gift shops, cannabis retailers, vendors, booths, pop-up shops, farmer’s markets, and so on.

A: Again, your retail business insurance is largely dependent on the way you run, and technically no one business is alike. You can’t expect an e-commerce website to necessitate the same insurance coverage as a chain-business that has properties all over the country. However, some suggested coverage may be CGL (commercial general liability), commercial property insurance (not applicable for online stores), business interruption, cyber liability, and product liability/recall.

A: No, however it is extremely important that retail businesses carry some form of coverage to protect their bottom line. A large number of businesses nowadays exist solely online, which can make many retail businesses hesitate at the prospect of insurance since they feel there is no risk. Unfortunately, that is far from the truth. All businesses that sell products likely have stock at a location or a home office, use data/do sales online, and would experience significant financial loss if a fire destroyed their business property or home and couldn’t continue operations as per usual during the period of time where repairs are being done.