Small Business Insurance That is Competitively Priced and That Provides the Gold Standard in Protection in 3 Fast and Easy Steps

• Get instant online Quick Quote premium indication in about 3 minutes.
• Request phone call from experienced insurance agent to finalize your formal proposal.
• Accept proposal and your coverage confirmation may be emailed in minutes.

These businesses are defined as rental shops that offer special occasion clothing to customers for a fee and require that customers return the rented attire by a specified time. They may rent out formal wear, such as tuxedos and gowns, or costumes for parties, Halloween or theatrical performances. These shops may also offer accessories and props for rent.

General Liability Insurance for Formal Wear Shops – Customers are subject to injury on the grounds of Formal Wear Rental Shops if it is not properly maintained. Shops should have adequate lighting, security and well-marked exits and be free from debris and unsafe flooring. Clothing racks, displays, and mannequins should be adequately spaced and well secured in order to prevent toppling merchandise and displays. Clothing rented out by these shops could potentially pose a risk as well if the materials cause harm to customers.

Workers’ Compensation Insurance for Formal Wear Rental Shops – Lawsuits may occur if formal wear rental shops’ employees sustain injuries. Common injuries may include back injuries due to heavy lifting as well as cuts and burns if repairing or ironing clothing is required. Stock rooms should remain clean and organized at all times to prevent trip and fall hazards to employees.

Business Auto Insurance for Formal Wear Rental Shops – The risk of automobile accidents is low, unless the formal wear rental shop offers pick-up and delivery services. In that case, the frequency and radius of travel will impact the business auto risk.

Property Insurance for Formal Wear Rental Shops – The biggest threat to formal wear rental shops is fire, which could spread quickly with a high volume of fabric present and could spread even more quickly if the shop does not have adequate aisle space. Formal wear rental shops may also experience loss if clothing items sustain smoke or water damage and can no longer be rented. Fire risks may be lowered if the building is less than 20 years old and is constructed from materials that are non-combustible. Items may also become damaged or lost while they are in the hand of customers.

Crime Insurance for Formal Wear Rental Shops – Crime may occur at formal wear rental shops when employees steal from their employers, either in the form of taking money or items to be rented. The risk is higher if items are not regularly inventoried. Formal wear rental shops will have higher crime risks during peak seasons.