Toy Retailer Insurance

Do you sell toys in Tinton Falls, NJ, or anywhere along the Jersey Shore? York Jersey Underwriters Inc. has two tips for toy retailers that get overlooked by agencies that don’t have a lot of experience writing policies for toy stores.

Toy Retailers Need More Than General Liability Insurance

Every retailer needs general liability insurance. This insurance protects your assets when a customer slips on your floor, a toy falls (or gets pulled) off the shelf and hits someone, or a shopping cart hits a car in your parking lot.

Toy retailers have additional exposure to product liability. Whether you are in Tinton Falls, NJ, or anywhere along the Jersey Shore, you can get sued when customers or their children injure themselves with a toy they buy at your store.

  • You can get sued when a customer injures a third party with a toy bought at your store.
  • You can even get sued for emotional damages when a toy you sell does not work.

In New Jersey, the "strict liability rule" means that toy retailers can be found liable even when an injury was not due to negligence or harmful intent. Litigants in New Jersey only need to prove that a toy caused an injury.

There is a law firm in Bergen County, New Jersey that only represents families that have bought defective toys. If you sell toys in New Jersey, you need to see York Jersey Underwriters Inc. to ensure adequate liability protection.

In New Jersey, Good Recordkeeping Is Essential for Toy Retailers

In New Jersey, the statute of limitations runs two years after an injury occurs or two years after the injury is discovered. That isn’t two years after you sell a toy. That’s two years after a problem arose with it.

Litigants may have false memories of where they bought a toy. The ability to show that they didn’t buy a problem toy from you may save you thousands of dollars in legal fees and months of aggravation.

No matter where you live in the USA, York Jersey Underwriters Inc. can serve all your commercial insurance needs. Call us to review your coverage and ensure you have the insurance you need.

Is Your Business Protected From Car Crashes?

Running a business is a tough experience and requires strong commercial insurance. For instance, what happens if a car crashes into your building or otherwise impacts you? You’ll need to work with our team at York Jersey Underwriters Inc. to get the support that makes sense for you.

Your Policy Will Protect You From Crashes 

Your commercial insurance will cover multiple things that impact your operation, including car crashes to your vehicles or any that affect your business. For example, if a driver loses control and smashes into your storefront, your commercial policy should kick in to protect you. 

As a result, it’s important to keep your coverage up to date and to talk with your provider regularly to learn more about how yours works. Doing so can cut back on various expenses, ensure that you fully understand your needs, and even provide the help you need to choose the best policy options.

What It Pays to Manage 

Your policy should cover any damage caused by a car crash. For example, it should pay to replace broken storefronts and even lost inventory. Furthermore, it should pay business interruption support while you get repairs, even cover lost wages, and keep your employees paid.

Note that your protection level may vary depending on your policies. Therefore, it’s a smart idea to talk with your provider before anything happens and to set up protection. We particularly suggest this step if you operate in an area where a car crash is likely, such as in a busy downtown area.

Give Us a Call Today

To protect your businesses, please contact us at York Jersey Underwriters Inc. today. We’ll talk with you and find a policy that works, including those that can keep you safe from unexpected and dangerous car crash risks.

Four problems you could face if you don’t have commercial insurance

Commercial insurance can save business owners from a lot of potential problems. If you are a business owner in Tinton Falls, NJ, we can come to your assistance regarding your commercial insurance needs at York Jersey Underwriters Inc.

The following are four problems you could face if you don’t have commercial insurance: 

Losses due to theft or vandalism

Commercial insurance provides protection against losses caused by theft or vandalism. This coverage ensures that businesses can recover financially from stolen property or property damage caused by acts of vandalism, helping to mitigate the financial impact of such events.

Costly lawsuits due to liability issues

Lawsuits can lead to huge expenses for businesses. That’s why it’s so important to carry commercial insurance that protects against lawsuits resulting from liability issues.

With commercial liability coverage, businesses can get legal costs covered if they face a lawsuit. 

Difficulties securing business loans

Acquiring capital is important for growing a company. As companies grow, they typically look for investors and business financing.

Carrying commercial insurance can make a company more attractive both to business loan lenders and investors. Your company’s commercial insurance policy can therefore make it easier to acquire financing. 

Difficulties attracting customers

Carrying commercial insurance can also make companies more attractive to prospective customers. Customers will view your company as more professional and reliable if your company carries commercial insurance. 

Consult With Us

Call us today at York Jersey Underwriters Inc. to get a quote on a commercial insurance policy. Invest in the future of your company in Tinton Falls, NJ with a commercial insurance policy that protects you against the financial risks that you face as a business owner.