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These stores primarily sell new and/or used audio and video playing equipment, including CD players, radios, record players, cassette players, televisions, satellite dishes, stereo equipment and speakers. Product repair and rental services may be offered. These stores may also sell CDs, cassette tapes, records, VHS tapes and/or DVDs. Satellite dish installation services may be available.

General Liability Insurance for Radio, TV & Phonograph Stores – General Liability concerns for a radio and TV store include shelving collapse, customer falls and product liability. These risks can be reduced by taking the proper steps to secure all display and shelving units, keeping heavier items on the lower levels, making sure customer areas are clean and free of obstacles and only purchasing merchandise from reputable manufacturers and distributors. Product repair of electrical appliances and installation increases the products and completed operations risk.

Workers’ Compensation Insurance for Radio, TV & Phonograph Stores – Due to the size and weight of many items sold in a radio and TV store, employees should always practice safe lifting techniques. Employees should also receive proper training on the use of any tools necessary to complete installations and/or repairs. Protocol should be in place for reporting and documenting a work related injury.

Business Auto Insurance for Radio, TV & Phonograph Stores – The Business Auto liability risk will increase if radio and TV stores offer delivery or on-site installation services. Drivers should always inspect vehicles before each trip and verify proper tire inflation, fuel and oil levels, and operation of brakes, lights and wipers. Additionally, drivers should be trained in correct loading and delivery methods.

Property Insurance for Radio, TV & Phonograph Stores – Like any retail store location, radio and TV stores are at risk for fire. Exposure can come from internal sources, as well as the buildings and business located around the premises. Making sure that all flammable liquids are stored properly and away from ignition sources is one way of reducing the risk. Excess paper and trash should be removed daily and stock rooms kept orderly to reduce the spread of fire. If the premises are attached to another business, a one-hour firewall should be in place. Customer theft is a concern and can be monitored with security cameras and watchful employees. Electronic tagging is an option, but if it presents too much of a financial investment, keeping small, valuable items in a secure location is also helpful.

Crime Insurance for Radio, TV & Phonograph Stores – Radio, TV and phonograph store employee theft can be better controlled if procedures require separate employees to coordinate activities in order to complete banking tasks. Financial audits should occur often and the company should adopt an aggressive prosecution policy toward any employee caught stealing. Robbery and Burglary risk can be minimized by keeping only limited amounts of cash on hand and having a central burglar alarm system. Employees should be instructed never to resist the demands of a potential robber.