Your passion is selling painting supplies. You might sell to artists, contractors and anyone else wanting to spruce up their surroundings. You might think that operating the business will be a breeze. You don’t likely expect problems to come along that harm your clients, after all. However, the issue is that unforeseeable accidents could happen any time. When they do, you and impacted clients might suffer financially. What are some of these common safety risks?
It is imperative that every paint store carry liability insurance. Among your coverage you should have property damage and bodily injury protection. These policies can protect you, your business and third parties from the financial effects of harmful occurrences.
Liabilities Present in Paint Stores
A liability is the risk you pose to others. In a business sense, liabilities usually involve the threats of harm you pose to clients. While you might think running a paint supply store doesn’t pose a lot of threats to your clients. However, the key here is that accidents can happen anywhere, at any time.
Some of the common risks in your paint store might be:
- Toxic exposure to paint chemicals or other hazardous substances.
- Fall risks from paint spills, cluttered walkways or wet floors.
- Head injury risks from falling objects.
- Personal injury risks related to the use of an automated paint mixer.
Other more generalized risks will also threaten. These might include fall risks in bathrooms or on uneven surfaces. You’ll want to do everything you can to prevent such accidents at any time. Keep your store space clean, and don’t hesitate to post warnings about the proper use of the facility.
The Insurance for Your Needs
If an accident does impact a client, they could face medical bills, lost income and pain and suffering. They might hold you responsible or even sue you for damages. If they take such action, your store could stand to lose out as you try to settle the losses. Yet, if you have commercial liability insurance, you might be able to cut these cost burdens.
Commercial liability policies often cover:
- Bodily injuries sustained by customers in the establishment.
- Property damage you cause through handling someone else’s belongings.
- Personal injuries such as libel, slander or advertising injury
It’s generally mandatory that you must have this protection in place in your paint store. If you do, you can often keep your business and your clients protected in case of sudden accidents. Therefore, make establishing the correct coverage a priority this year.
Also Read: Texas Workers Compensation for Small Businesses