The Advantages of Supermarket Premises Liability Insurance

Premises Liability Insurance

When you own a business, you are expected to make sure your customers are safe while they are on the premises. Supermarkets are no exception to this.  If something happens, you are responsible for taking care of their medical bills and you may even be sued. This is where supermarket premises liability insurance comes in.

What is Covered by Supermarket Premises Liability Insurance?

This type of insurance provides you with coverage for any injuries your customers, vendors, or guests may sustain. These injuries can occur due to many different factors. People can slip, trip, or fall while in your supermarket and this can easily lead to injuries. Injuries, no matter how minor they are, can easily result in a lawsuit. You don’t want to have to pay these legal fees out of pocket and supermarket premises liability insurance can cover them.

What is Not Covered by Supermarket Premises Liability Insurance?

Supermarket premises liability insurance does not provide coverage across the board and it does come with some exceptions. For example, this type of insurance does not cover your workers. If you want your workers to be covered while at your business, you should look into workers’ compensation insurance. It also does not cover damages to your business. Some examples could be fire, vandalism, or theft.

Owning a supermarket may seem relatively safe, however it is not risk free. Having supermarket premises liability insurance can make all the difference!

Extending Your Workers’ Comp Coverage

Workers’ Comp

Even though you may do your best to source the most comprehensive insurance plan for your needs, there is the potential for exclusions and limitations that can interfere with claim processing. When it comes to a business and the provision of a workers’ comp policy, there are certain exceptions to the rule if your business operates in one of the following:

  • North Dakota
  • Ohio
  • Washington
  • Wyoming

In these states, fully protecting your company from an injury lawsuit means acquiring stop gap liability insurance.

Why Is It Necessary?

As the facts on https://www.wwspi.com/ reveal, stop-gap coverage or a stop-gap endorsement can help an employer fill in potential gaps or exclusion areas in a workers’ compensation policy. Employer liability concerns are usually taken care of through the design of the workers’ comp coverage plan, but in the four above mentioned states, this is not the case. The state regulates workers’ comp purchases through the state fund, and not all employer liabilities are covered in the plans.

Why Does It Do?

The supplemental coverage is protection from allegations that the employer did not provide a safe working environment. Employer liability is a separate clause in a typical workers’ comp policy and it keeps an employer from being held liable for injury or illness. However, the state-mandated coverage option does not contain such a clause. Therefore, an employer should consider purchasing the stop gap coverage in order to prevent an employee from holding the company liable should an incident occur.