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Leather goods and luggage stores specialize in selling products made of genuine leather, a material developed through the tanning of animal skins and hides. Jackets, gloves, briefcases, handbags, hats, belts, boots, wallets and suitcases made of leather are commonly sold in these stores. Leather cleaning products are often sold as well. Repair services and custom-made products may be offered.

General Liability Insurance for Leather Goods & Luggage Stores – Premises liability is a concern in leather goods and luggage stores. The store should provide ample walk space that is clutter free with no potential for customers to trip and fall. Floors should be vacuumed and/or swept daily. If stairs are present, they should have sturdy handrails and skid resistant surfaces. Exit signs should be clearly marked. The outdoor walking and parking areas should also be in good condition and free of defects, such as holes, cracks and trash. Products liability is not usually a concern for leather stores unless they sell products such as safety straps.

Workers’ Compensation Insurance for Leather Goods & Luggage Stores –Leather goods and luggage stores that manufacture their own products and/or repair leather items are at an increased risk for Workers’ Compensation claims. Employees may be injured when using the tools necessary for making and repairing leather. Lifting heavy objects may also cause employee injury. Stock rooms and work areas should be neat and clean in order to prevent employees from falling. If stools and stepladders are used for reaching merchandise, they should have skid resistant covers on the feet and steps. When not in use, they should be stored in a safe place. Thorough job and safety training will help reduce employee injury.

Property Insurance for Leather Goods & Luggage Stores – Leather products are valuable and in high demand. As a result, theft is a concern. Leather goods should have security tags attached to them that can only be removed by an employee using a special device once the items are purchased. Security systems and alarms should also be used at leather goods and luggage stores to help reduce the risk of theft. Flammable products are often sold that are used for manufacturing, cleaning, and conditioning leather. The risk of fire is increased as a result. The construction type of the building will also impact the severity potential of a fire at leather goods and luggage stores. Leather is easily damaged by water. The use of sprinkler systems in the event of a fire could result in a total loss of leather products. Dry extinguishing systems should be considered in lieu of wet systems for use on leather goods.

Crime Insurance for Leather Goods & Luggage Stores – Due to the value and popularity of leather goods and luggage, employees may be tempted to steal merchandise from the store. A close inventory count should be maintained as a result. Money can also be stolen either by burglary or employee embezzlement. Management procedures should require frequent bank deposits, cash register monitoring, and separation of employee duties. Burglary risks can be reduced by installing bars around low visibility windows and using double cylinder deadbolt locks on exterior doors.