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Mall kiosks may be small, but they face risks just like any other retailer. What if a piece of your display falls and injures a customer? What if you just mopped and a customer slips and falls? What if a customer or employee steals from your kiosk? The proper insurance coverage can keep your kiosk in business. Plus, most malls require proof of insurance to rent or lease your space. Mall kiosk insurance doesn't have to be complicated or expensive. What types of insurance do you need? How much coverage do you need? Let us guide you through the process to find the right policy to protect your business.
General liability insurance is essential business insurance—plus most malls require kiosks to obtain a minimum of general liability insurance. How does general liability protect your business?
NOTE: Most malls require kiosks to list the landlord/property owner and property management company as additional insureds on any insurance policy they obtain. Some landlords also require a minimum amount of coverage (such as $1M per incident/$2M aggregate). Be sure to check with your landlord as to what’s required. Make sure you obtain a Certificate of Insurance to provide them proof of coverage.
Small business owners can often obtain a more affordable package of insurance coverage called a business owner’s policy (BOP). A business owners’ policy typically includes general liability insurance. A BOP also includes commercial property insurance, which covers any damage to your kiosk. What else can be added to a BOP?
There are additional endorsements available depending on the industry you're in and it varies from insurance company to insurance company.
What are some additional types of insurance policies kiosks should consider?
While this isn't an exhaustive list, it gives you a good idea of the type of insurance coverage you need to protect your company.
The cost to insure your kiosk will vary spending on numerous factors, including:
Buildbunker.com states that they offer policies that start as low as $21 a month for $1M per incident/$2M Aggregate general liability insurance. But on average, a kiosk business can spend anywhere between $300–$800 annually for general liability coverage. Please note that this is just an example of what coverage might cost you.
Let us help you protect your business with the right mall kiosk insurance. To get a free insurance quote, complete the form at the top of the page and one of our agents will connect with you. Or you can give us a call at 877-907-5267 to get a quote. We can walk you through the requirements and answer any questions you may have. At CommercialInsurance.Net we strive to provide the small business owner the protection they need for their businesses.
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