Storekeeper’s Liability Insurance
What Does Storekeeper’s Liability Insurance Mean?
Storekeeper’s liability insurance is a type of casualty insurance that provides protection against the liability of physical injury and property damage arising from the use, maintenance, possession and ownership of a property or business, including its operation and products.
Insuranceopedia Explains Storekeeper’s Liability Insurance
The principal coverage includes bodily injury and property damage caused by an accident occurring on the business premises of the insured. The policy would pay for medical expenses to treat bodily injuries another party suffers when an accident creates a hazardous situation on the store premises or as part of its operations. It also covers the costs of liability suits that arise due to bodily injury or property damage claims, even if these suits are fraudulent and without basis.
