12 Nov Preparing Your Small Business for Thanksgiving Weekend Crowds: Key Insurance Considerations

What’s the Saturday after Thanksgiving? Yes, it’s Small Business Saturday, a day when crowds tend to descend on your small business. In order to keep them coming throughout the holiday shopping season, it’s important to provide a number of important things, like good customer service and all the wonderful products that they want. You’ve no doubt seen the craziness that happens when you don’t, as well as the race for rare or well-priced products that some businesses need to deal with.

All this shopping chaos is where insurance comes into play. It protects both your business and your customers, even when holiday madness kicks into full gear. Wondering what kind of coverage you need? Let’s explore your options.

Commercial Property Insurance

Your property obviously plays a significant role in your business. What happens when the holiday madness leads to broken windows or other damage? A car that’s accidentally driven into your storefront can put a real damper on the holidays, both for your business and for everyone who wants to shop there. This is where a commercial property insurance policy comes into play. They can pay for repairs, helping to get your shop up and running again as quickly as possible.

Cyber Liability Insurance

Did you know that even the smallest of businesses can be targeted by hackers? Although the amount of information is less than what they’d get from hacking a large business, small companies tend to have more lax computer systems, making them easier to get into. Once the hackers get away with customer information, your business’ reputation will suffer. Thankfully, you can use your cyber liability insurance to take care of some of the costs and do some reputation damage control.

General Liability Insurance

Slips and falls commonly happen on wet store floors. Shoving and bumping that takes place due to overzealous customers can end in bruises and broken bones. Sometimes holiday accidents can end up in a courtroom if you’re found liable for the issues. No matter what, your store should be protected thanks to your general liability insurance policy.

Theft Insurance

Theft and the holidays unfortunately tend to go together like the red and green of Christmas. The loss of crucial stock, especially those that made the hot holidays list, due to theft can damage your company’s bottom line. A special insurance policy designed to cover the cost of damages brought about by theft can help make the holidays a little brighter.

Workers’ Compensation Insurance

Not only do you need to look out for your business and your customers, but your employees need a little protection as well, especially if they get hurt while on the job. Workers’ compensation insurance pays for the costs of medical care, lost wages, and more, helping your employees heal with fewer worries. After all, you need them to work as hard as possible during this busy time of year.

Reach Out to Spivey Insurance

Do you have questions about insurance for small businesses? Are you certain that you have the right types and amounts of coverage? If you’re wondering how to ensure that your business is properly covered for everything that the holidays can bring, contact Spivey Insurance. Our knowledgeable agents can help review and revise your policies so that you head into the holidays with peace of mind.