Specialized business coverage helps owners to know they have protection specific to their needs.
Resale shops are skyrocketing in popularity for a number of trending reasons and thrift shop insurance helps to make sure those business owners have coverage tailor made for their unique needs.
A resale or second-hand store needs standard forms of coverage but faces certain unique risks.
Due to the unique risks resale and second-hand shops face, owners tend to find the greatest peace of mind from thrift shop insurance policies. These have been created with the unique risks of a vintage item seller in mind. Finding a policy tailored to this specific niche within the industry lets business owners know that their risks are understood and that they are appropriately covered.
Though this may sound like a niche that is already quite specific, there are sub-groups that can be narrowed down even further. These can also help an owner work with his or her agent or insurance company to be sure the ideal coverage combination has been selected. This process is helpful in making sure the right risks are covered but that the business isn’t paying for additional forms of protection that simply don’t apply.
Considering the specific type of shop can help to further customize a thrift store insurance policy.
Among the different types of thrift store include other options such as:
• Consignment shops
• Buy and sell stores
• Used goods resale
• Donation resale
Among the types of cover business owners will want to consider includes – but is not limited to – business liability, building (if owned), business personal property (including fixtures, equipment, and goods including those sold on consignment), business income, commercial vehicle, and policies related to having employees if you have any.
Due to the unique nature of this kind of store, it can feel challenging to try to navigate thrift shop insurance. For this reason, it’s usually recommended that you speak with an experienced insurance agent who can advise you regarding 
what is essential for your specific business and what can be considered optional. Such an expert can also help you to find the right insurer to match your coverage requirements.
