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Furniture Store Insurance: Quotes From Only $5

For your business best protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!


For your business best protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

Table of contents
1. What Does Furniture Store Insurance Offer?2. General Liability Insurance for Furniture Stores2.1. How Does General Liability Insurance Help Your Furniture Store?2.2. In Which Situations Can General Liability Insurance Help Your Furniture Store?2.3. What is the Minimum Amount of Coverage Your Furniture Store Can Get From General Liability Insurance?2.4. What Expenses Does General Liability Insurance Cover?2.5. My Customer is Holding Me Liable for a Defective Product, Can I Use General Liability Insurance?2.6. I’m Renting a Small Commercial Space and It Got Damaged by Fire. Will General Liability Insurance Help?3. Commercial Property Insurance for Furniture Stores 3.1. What Does Commercial Property Insurance for Furniture Stores Cover?3.2. Does Commercial Property Insurance Also Protect the Unsold Furniture in My Store’s Showroom?3.3. I Have Incoming Stocks but They Got Destroyed During Transportation. Are These Covered by Commercial Property Insurance?3.4. I Own Several Furniture Stores. Can One Commercial Property Insurance Cover All of Them?4. Business Owner’s Policy for Furniture Stores 4.1. What Makes A Business Owner’s Policy Different?4.2. How Much Coverage Can You Get From a Business Owner’s Policy?4.3. Can Your Furniture Store’s Business Owner’s Policy Have Add-ons?5. Workers Compensation Insurance for Furniture Stores 5.1. How Does Workers Compensation Insurance Help Your Furniture Store?5.2. Which Employees in My Furniture Store Should Be Covered by Workers Compensation Insurance?5.3. How Much Workers Compensation Insurance Should My Furniture Store Have?6. Cyber Liability Insurance for Furniture Stores 6.1. What Exposures Does Cyber Liability Insurance for Furniture Stores Cover?6.2. What Expenses Does Cyber Liability Insurance Cover?7. Commercial Auto Insurance for Furniture Stores7.1. What Vehicles Can Your Furniture Store Insure With Commercial Auto Insurance?8. More of Your Questions Answered8.1. My Furniture Store Mainly Makes and Sells Cabinetries, Am I Still Eligible for Furniture Store Insurance?8.2. I Sell Furniture Online, Are There Other Coverage Options If I’m Ineligible for Furniture Store Insurance?9. Furniture Store Insurance Cost10. Best Furniture Store Insurance Companies10.1. NEXT Furniture Store Insurance 10.1.1. Pros10.1.2. Cons10.2. CoverWallet Furniture Store Insurance 10.2.1. Pros10.2.2. Cons10.3. Tivly Furniture Store Insurance 10.3.1. Pros10.3.2. Cons10.4. smei Furniture Store Insurance 10.4.1. Pros10.4.2. Cons10.5. Hiscox Furniture Store Insurance 10.5.1. Pros10.5.2. Cons10.6. Thimble Furniture Store Insurance 10.6.1. Pros10.6.2. Cons10.7. AmTrust Furniture Store Insurance 10.7.1. Pros10.7.2. Cons

A furniture store is a retail business, and it can get covered through a retail insurance plan. However, furniture store insurance provides the best protection. Our guide will discuss the policies included, how much you’ll pay for premiums, which companies to approach for the best coverage, and other relevant topics. 

What Does Furniture Store Insurance Offer?

A furniture store insurance package, similar to an antique shop insurance package, offers general liability, commercial property, workers' compensation, cyber liability, and business owner’s policies. Other policies might be offered if your furniture store has specialized risks. 


General Liability Insurance for Furniture Stores


CoverWallet NEXT (Best)Thimble Hiscox
Per occurrence limit $1,000,000$1,000,000$1,000,000/$2,000,000$300,000
Aggregate limit $2,000,000$1,000,000/$2,000,000$2,000,000$300,000/$2,000,000
Products and completed operations aggregate limit $2,000,000
$1,000,000$1,000,000$1,000,000
Advertising injury coverage aggregate limit $1,000,000$1,000,000$1,000,000$1,000,000
Tenant’s legal liability coverage limit $100,000
$100,000$5,000$300,000
Waiver of subrogation included?YesNoIncludedCan be included
Hired/non-owned auto liability coverage included?YesNoExcludedCan be included
Equipment breakdown floater included?No YesYesYes
Can you get a certificate of insurance online?YesYesYesYes
Name additional insureds?YesYes
YesYes
Deductible$0$0$0$0


The biggest problem that furniture stores face is claims from customers who get injured while shopping or testing merchandise. Proving this is American Furniture Warehouse which had to pay $1.2 million to a customer who fell from the ledge of one of its stores. 

Your furniture store might not be as established. However, this won’t stop customers from filing costly lawsuits now or in the future. And so, always think of including a general liability policy in your furniture shop insurance bundle. Use the table above to see which insurance company offers the best general liability insurance for furniture stores. 


How Does General Liability Insurance Help Your Furniture Store?

General liability insurance helps to cover claims for bodily injuries or property damage that customers and other third parties file after experiencing an accident in the premises of your furniture store.


In Which Situations Can General Liability Insurance Help Your Furniture Store?

Here are some situations where general liability insurance can provide coverage:

  • A customer slips and falls while moving around 

  • A customer trips on a sharp object and cuts her toe

  • The customer’s clothing gets caught in the protrusion of a furniture display and is torn


What is the Minimum Amount of Coverage Your Furniture Store Can Get From General Liability Insurance?

General liability insurance for furniture stores has a $1 million-$2 million per occurrence limit and a $1 million-$2 million aggregate limit. 


What Expenses Does General Liability Insurance Cover?

If a claim is filed, general liability insurance will cover these expenses:

  • Medical treatment

  • Reimbursement for the damaged property

  • Settlements

  • Attorney fees and other legal expenses

  • Court judgments


My Customer is Holding Me Liable for a Defective Product, Can I Use General Liability Insurance?

Yes. Your furniture store’s general liability insurance automatically comes with a $1 million or $2 million product liability coverage. You can use this to reimburse the customer’s losses and shoulder the cost of product recall.


I’m Renting a Small Commercial Space and It Got Damaged by Fire. Will General Liability Insurance Help?

General liability insurance comes with a rented premises liability coverage. It will provide a $100,000-$300,000 reimbursement if ever the landlord or property custodian files a claim against you. 

Compare Furniture Shop Insurance Online

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Commercial Property Insurance for Furniture Stores 


CoverWalletNEXT (Best)ThimbleHiscox
Building coverage limit (minimum)$50,000$210,000$25,000/$500,000$25,000/$100,000
Contents coverage limit (minimum)$50,000$18,000$25,000/$500,000$25,000/$100,000
Outdoor signsExcluded$2,500ExcludedExcluded
Accounts receivable ExcludedExcluded$5,000/$10,000Included
Money and securitiesExcluded$2,500$1,000Included
Lock and keys Excluded$2,500ExcludedExcluded
Business interruption floaterExcludedIncludedIncludedIncluded
Equipment breakdown floaterExcludedIncludedExcludedExcluded
Inland marine insurance floaterExcludedExcluded$10,000Excluded
Employee dishonesty floaterExcluded$5,000$2,500Included


Fires can mean devastating losses for furniture store owners. For example, a furniture store operating in Union Avenue, California lost $3 million in a fire breakout. 

Imagine yourself being in the same situation. And so, consider purchasing a commercial property policy from your furniture shop insurance. Use the table above to see which insurance company offers the best commercial property insurance for furniture stores. 


What Does Commercial Property Insurance for Furniture Stores Cover?

Your furniture store’s commercial property insurance is an all-risk coverage that takes effect if these exposures happen:

  • Fire

  • Theft

  • Vandalism

  • Civil commotion

  • Sprinkler leakage

  • Volcanic action

  • Lightning

  • Weather

  • Impact

  • Falling objects

  • Aircraft

  • Vehicle


Does Commercial Property Insurance Also Protect the Unsold Furniture in My Store’s Showroom?

Yes. Commercial property insurance comes with contents coverage which will reimburse your financial losses if the unsold furniture in your store’s showroom gets damaged or destroyed. In fact, aside from the products you're selling, coverage also applies to other contents such as HVAC, power generators, valuable papers and records, computers, and POS machines.


I Have Incoming Stocks but They Got Destroyed During Transportation. Are These Covered by Commercial Property Insurance?

No. Commercial property insurance doesn’t cover pieces of furniture that wholesalers are delivering to you. However, coverage can apply if you have endorsed inland marine insurance to your furniture store’s commercial property insurance. 


I Own Several Furniture Stores. Can One Commercial Property Insurance Cover All of Them?

Insurance companies, by default, only allow their commercial property insurance to cover one furniture store. However, during the purchase of the policy, you might be asked if you have more than one location. If you say that this is the case, then insurance companies will add a blanket coverage endorsement that allows your commercial property insurance to cover all of your furniture stores albeit they’re in different locations. 


Business Owner’s Policy for Furniture Stores 


CoverWalletThimble NEXT Hiscox (Best) 
General liability aggregate limit $2,000,000$1,000,000/$2,000,000$1,000,000/$2,000,000$300,000/$2,000,000
Commercial property coverage limit $50,000$25,000/$500,000$210,000$25,000/$1,000,000
Optional policies can be added?YesYesYesYes
Name additional insureds for free?YesYesYesYes
BOP discount?YesYesYesYes


You ensure the survival of your business by purchasing commercial property and general liability insurance. There’s no need to buy each of these insurance policies separately as there’s a business owner’s policy. Use the table above to see which insurance company sells the best business owner’s policy for furniture stores. 


What Makes A Business Owner’s Policy Different?

A business owner’s policy is a fusion of commercial property insurance and general liability insurance. What makes it different is that it can serve two purposes and that is to:

  • Cover expenses if a third party holds you liable for bodily injuries or property damage

  • Cover financial losses if your furniture store and its contents get damaged or destroyed due to a covered peril


How Much Coverage Can You Get From a Business Owner’s Policy?

The business owner’s policy for furniture stores offers a $1 million-$2 million general liability coverage and a $10,000-$500,000 commercial property coverage.


Can Your Furniture Store’s Business Owner’s Policy Have Add-ons?

Yes. Business interruption, inland marine, hired/non-owned auto coverage, and cyber liability coverage are some of the add-ons you can include in your furniture store’s business owner’s policy. 


Workers Compensation Insurance for Furniture Stores 

As your furniture store grows and becomes busier, you’ll eventually hire someone to mind the cash register, talk with customers, keep financial records accurate, and check the inventory. Whether you like it or not, you will need to purchase workers' compensation insurance as soon as your furniture store has one or more employees. 


How Does Workers Compensation Insurance Help Your Furniture Store?

Workers' compensation insurance allows your furniture store to provide compensation if an employee experiences a work-related accident. This will allow you to cover an employee’s medical treatment, hospitalization, medication, rehabilitation, retraining, lost wages; and in case of death, funeral expenses and allowance to dependents.


Which Employees in My Furniture Store Should Be Covered by Workers Compensation Insurance?

The full-time and part-time employees of your furniture store must be covered by workers' compensation insurance. Independent contractors and volunteers don’t need to be covered but can be named as additional insureds. 


How Much Workers Compensation Insurance Should My Furniture Store Have?

It’s hard to say how much workers' compensation coverage you need to have. However, rest assured that the worker's compensation policy you get from private insurance carriers already complies with the minimum limits mandated by your state’s workers' comp laws. 


Cyber Liability Insurance for Furniture Stores 

Cyber liability insurance is important if your furniture store owns a website that sells products and collects customer information. This insurance will protect you from unexpected expenses if you experience a cybersecurity error or cyber attack. 


What Exposures Does Cyber Liability Insurance for Furniture Stores Cover?

Cyber liability insurance for furniture stores is underwritten to cover these exposures:

  • Denial of service attacks

  • Man-in-the-middle-attacks

  • Ransomware

  • Malware

  • Phishing

  • Data breach

  • Other types of cyber attacks

  • Cybersecurity errors 


What Expenses Does Cyber Liability Insurance Cover?

Your furniture store’s cyber liability insurance provides the money for these expenses when the exposures we mentioned happen:

  • Customer notification

  • Professional services for containing and fixing the cyberattack or cybersecurity issue 

  • Credit and fraud monitoring expenses

  • Legal costs if affected parties and authorities file a lawsuit against your furniture store


Commercial Auto Insurance for Furniture Stores

A commercial auto policy must be part of your furniture shop insurance if your store delivers furnishings to clients using its own vehicles. Here’s a quick summary of the functions of commercial auto insurance:

  • Pay for the medical treatment of third parties who were injured by your furniture store’s commercial vehicle

  • Pay the medical treatment of the driver and passengers if your furniture store’s commercial vehicle got involved in an accident that an uninsured/underinsured driver caused

  • Cover repair or replacement costs if your furniture store’s commercial vehicle sustained damage because of fire, theft, collision, weather, and other covered perils

  • Shoulder the expenses for emergency roadside services if your commercial vehicle experiences issues while at a specific distance


What Vehicles Can Your Furniture Store Insure With Commercial Auto Insurance?

You can use commercial auto insurance to cover any type of vehicle for furniture delivery such as box trucks, cargo vans, flatbed trucks, and pickup trucks. Insurance companies also allow you to cover trailers and other attachments for loading cargo. 


More of Your Questions Answered

My Furniture Store Mainly Makes and Sells Cabinetries, Am I Still Eligible for Furniture Store Insurance?

You’re still eligible but coverage might not be very comprehensive and there will be gaps. If a large portion of your furniture store’s revenue is from the manufacture and sales of cabinetries, we suggest that you go for a cabinet maker insurance


I Sell Furniture Online, Are There Other Coverage Options If I’m Ineligible for Furniture Store Insurance?

Go for e-commerce insurance if you sell furniture online through a website or online selling platforms. This is the better option because you get more comprehensive coverage for exposures unique to running an online furniture store. 

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Furniture Store Insurance Cost


Cost per MonthCost per YearDeductible
General liability insurance$45.05$540.60$0-$500
Commercial property insurance$50$600$1,000-$2,500
Business owner’s policy$81$972$500-$1,000
Workers compensation insurance$70$840$2,000-$5,000
Cyber liability insurance$60$720$500-$1,000
Commercial auto insurance$69$828$1,000


The average furniture store insurance cost is $45.05 per month or $540.62 per year for a $1 million general liability policy.  

Now, you may be wondering exactly what factors go into determining how much your insurance carrier will charge you for coverage. The first thing to account for is your history of running a furniture business. If your business has a history of accidents or making claims, then your premium will be higher.

Another factor is how long you’ve been selling furniture. Insurance companies will be more likely to trust you if you’ve been selling furniture for a longer time. If your business is a new one, carriers may be a little hesitant about giving you a better rate.

Insurers will also look at the size of your business to figure out how much they should be charging you for coverage. A larger business will have to pay more for their furniture shop insurance because they have more customers coming through their doors and increasing the risk their insurer has to deal with.

Here’s another table that shows how much the recommended carriers charge for their $1 million general liability insurance for furniture stores:


Cost per MonthCost per YearBest for
NEXT$22.50$270Best overall; Fastest general liability insurance for furniture stores
CoverWallet$29.85$358.20Furniture store insurance quotes comparison online
Tivly$31$372Comparing furniture store insurance quotes over the phone
Hiscox$41.10$493.20BOP for furniture stores with cyber liability insurance
Thimble$58.91$706.92General liability insurance with customer property coverage for furniture stores
smei$60$720Custom policies
AmTrust$62$744Small furniture businesses

Compare Furniture Shop Insurance Online

Get all the best quotes from leading providers in a click of a button!

Best Furniture Store Insurance Companies

These are the best furniture store insurance companies. Read to know their pros, cons, and rate for a $1 million general liability coverage.


NEXT Furniture Store Insurance

Pros

  • Instant coverage

  • Excellent customer reputation

  • Fastest general liability insurance for furniture stores

  • Responsive customer service

  • Great value for money

  • Get a certificate of insurance you can send to anyone easily

  • Get a 10% discount if you get two or more policies for your furniture store

Cons

  • Couldn't find any

NEXT’s furniture store insurance is a business owner’s policy that bundles general liability insurance and commercial property insurance.

This company’s commercial property insurance provides a minimum $210,000 building coverage. You get $18,000 minimum coverage for business personal property. There’s also an additional $2,500 coverage for money, securities, and signage.

As for your furniture store’s general liability insurance from NEXT, it offers a $1 million per occurrence limit with a $2 million aggregate. A $2 million product liability insurance is automatically included in your general liability policy’s terms.

Note that you can add workers' compensation insurance to NEXT’s BOP at an affordable price.

Best for: Best overall; Fastest general liability insurance for furniture stores

Average cost: $22.50 per month

Our rating: 10/10


CoverWallet Furniture Store Insurance

Pros

  • Compare furniture store insurance quotes online

  • Online policy management and cancellation

  • Your general liability insurance has no deductibles

Cons

  • Not an insurance company but an insurance broker

CoverWallet’s furniture store insurance offers commercial property, workers' compensation, and commercial auto policies.

Your furniture store’s general liability insurance from CoverWallet has a $1 million per occurrence limit with an aggregate limit of $2 million. There are no deductibles. Additionally, your general liability insurance will have a $5,000 medical expenses coverage and a $2 million products and completed operations coverage.

CoverWallet’s commercial property insurance, on the other hand, provides $50,000 building and contents coverage. As for workers' compensation, it has a $1 million employer’s liability insurance and employment practices liability coverage.

Your commercial auto insurance from this company offers an auto liability coverage that conforms with state minimums. Other coverages you can include are uninsured/underinsured motorist and medical payments coverage.

Best for: Furniture store insurance quotes comparison online

Average cost: $29.85 per month

Our rating: 10/10


Tivly Furniture Store Insurance

Pros

  • Build your furniture store’s insurance program from scratch

  • Assigns a representative to help you create a comprehensive insurance plan for your furniture store

  • Takes you to partners if it can’t provide coverage

Cons

  • You need to call to get a quote

Tivly (formerly CommercialInsurance.NET) offers comprehensive general liability and commercial property insurance for furniture stores. Other insurance products you can avail from Tivly are workers' compensation, cyber liability, product liability insurance, and more. Call Tivly now to compare quotes over the phone.

Best for: Comparing furniture store insurance quotes over the phone

Average cost: $31 per month

Our rating: 10/10

smei Furniture Store Insurance

Pros

  • Huge number of coverage types

  • Affordable

  • Potential 20% discount

Cons

  • Not a carrier itself

smei is an insurance company based in the UK that mainly works in niche insurance that the major carriers don’t cover. smei has been around since 2002, but they’re more experienced than that would let on. 

Since smei is an insurance broker, it can offer a much wider variety of forms of coverage than some of its competitors. If you’re looking to make sure that your insurance coverage is as comprehensive as can be, then you won’t be disappointed by their offerings that include contents, glass, business interruption, and liability coverage.

Best for: Custom policies

Average cost: $60 per month

Our rating: 10/10


Hiscox Furniture Store Insurance

Pros

  • Worldwide coverage

  • Fast insurance claims process

  • In-house team of insurance adjusters

  • You can get quotes quickly

  • Automatic policy renewal

Cons

  • Coverage limits aren’t comprehensive

Hiscox offers a business owner’s policy for your furniture store. Inclusions are general liability and commercial property insurance.

Your general liability insurance from this company will have a $300,000 per occurrence limit and a $300,000-$2 million aggregate.

As for Hiscox’s commercial property insurance, it offers $25,000-$100,000 building and contents coverage. A $1,000 deductible applies.

You can include a cyber liability policy to your BOP. This will have a $250,000 per occurrence limit with a deductible of $10,000.

Best for: BOP for furniture stores with cyber liability insurance

Average cost: $41.10 per month

Our rating: 9/10


Thimble Furniture Store Insurance

Pros

  • General liability insurance can be added with customer property coverage and business equipment coverage

  • No deductibles

  • Fast online quotes

Cons

  • Business owner’s policy for furniture stores is underwritten by a partner

Thimble covers furniture stores that sell and assemble wood and metal furnishings for homes and offices. This company’s furniture store insurance offers general liability and commercial property insurance you can bundle into a business owner’s policy.

Thimble’s general liability insurance has a $1 million-$2 million per occurrence limit with a $2 million aggregate. On the other hand, its commercial property insurance provides $25,000-$500,000 building coverage and contents coverage.

Best for: General liability insurance with customer property coverage for furniture stores

Average cost: $58.91 per month

Our rating: 9/10


AmTrust Furniture Store Insurance

Pros

  • Comprehensive BOPs

  • Great for smaller shops

  • Quick claims response

Cons

  • A little pricey

AmTrust is a financial company that was founded in New York City in the 1990s. Throughout its history, AmTrust has been known as one of the best insurance companies for small businesses due to the amount of effort it put into supporting those smaller businesses and tailoring their services to them.

While AmTrust specializes in workers’ compensation insurance, it also offers a range of other kinds of coverage. For example, Amtrust has relatively comprehensive BOPs available, protecting you from property damage, liability, and business interruption that results in a loss of income.

Best for: Small furniture businesses

Average cost: $62 per month

Our rating: 8/10


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