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Article originally posted on www.insuranceneighbor.com(opens in new tab)
On Black Friday, shoppers eagerly line up to take advantage of the deals and specials and plan to shop until they drop. The holiday season can be so fruitful that retailers should plan to take full advantage of the biggest shopping day of the year!
Business owners should plan for the unexpected on Black Friday, including keeping enough stock on hand to get maximum sales. But there are important legal issues to consider as well. Black Friday is an exciting time for retailers, but there is also an increased risk of an injured customer and claims being filed against the business. With careful planning for Black Friday, you can reduce risk and protect the financial health of your business.
Staying Sane During the Holiday Season
With the flood of customers, a retail store can quickly get out of control. Eager customers get sloppy and often leave garments or other items on the floor, creating a dangerous tripping hazard. Make sure you move throughout the store at least once an hour to remove any items that pose a risk. Stacked displays should not be too high or be placed in the walkways. You want to make the most of Black Friday, and the last thing you need to deal with is an injured customer and a claim against your business insurance. Before the holiday shopping season rolls around, get all of your business insurance fully reviewed to ensure that you are covered for any eventuality.
Premises liability claims are common, and you need to protect your investment.
Your Business Insurance: Is Your Enterprise Fully Protected?
During Black Friday, you need to ensure you have adequate business insurance. The possibility of something going wrong is higher when a store is packed with customers. The various issues that could arise include injuries, security failures, or even cases when customers push or shove, all of which put your business at risk of facing a claim.
If you do not have an adequate level of business insurance coverage, you can face a serious financial disaster. A retailer, under the law, can be held liable for any injuries or accidents affecting customers. It is important that you have your business insurance policy reviewed prior to the holiday shopping season. You can obtain guidance from one of our local agents; we are always available to assist our friends and neighbors with business insurance questions, including putting the best coverage in place for Black Friday and the entire holiday shopping season. Give us a call today!Filed Under: Business Insurance | Tagged With: General Liability Insurance