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Furniture Store Insurance: Quotes From Only $5

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Your furniture store faces different vulnerabilities. You’re liable to pay for costs if a customer gets injured or sustains property damage due to the furniture you’re selling or an accident. 

Also, employees can sustain injuries because of lifting heavy weights, workplace accidents, getting hit by an object, etc. 

Finally, a fire can damage or destroy your furniture store and its inventory. As a result, hefty losses will force you to get a loan to start all over again. In the worst-case scenario, you can’t do anything but stop your furniture store’s operations. 

Get furniture store insurance to protect your furniture store against customer lawsuits, employee injuries, and business property damage. Read this guide to know what this is, how much it costs, the best companies, and more. 


Also read:

What is Furniture Store Insurance?

Furniture store insurance is a specialized protection that offers general liability, commercial auto, commercial property, workers' compensation, and other business insurance policies specially underwritten for the exposures of a furniture store business. Get this if you own a:

  • Lifestyle furniture store 

  • Traditional furniture store

  • Office furniture store

  • Branded furniture store

  • Second-hand furniture store 


Furniture Store General Liability Insurance

General liability insurance covers costs if a third party holds your furniture store liable for his injuries or property damage. You use this insurance when:

  • A furniture you’re selling falls and hits someone resulting in bodily injuries or property damage

  • A customer trips on a furniture you’re selling and sustains bruises or drops their phone on the floor 

  • Someone experiences a slip and fall accident and accuses your furniture of causing it by failing to keep the premises orderly

  • A customer gets injured or sustains property damage while testing a piece of furniture 


Now let’s talk about what general liability insurance exactly does on behalf of your furniture store. Here’s a quick summary of the policy’s functions:

  • General liability insurance will cover the medical treatment, funeral expenses, or compensation for pain and suffering of the person who files a claim for bodily injuries against your furniture store

  • General liability insurance will refund the losses of the claimant if your furniture store damaged their property 

  • Pay for legal defense costs such as attorney fees, court fees, administrative costs, investigatory fees, etc.


Your furniture store’s general liability insurance will provide $1 million-$2 million coverage for settlements and defense costs of each claim for bodily injury or property damage. But still, there are carriers that allow your business to get up to $5 million coverage from the policy. 

Coverage for all claims cannot exceed $2 million-$3 million in most cases. However, there are insurance companies that sell a furniture store general liability insurance having $5 million-$10 million aggregate. 

You make the most of general liability insurance if you include  the following additional coverages to its terms:

  • Advertising injury coverage-If you add advertising injury coverage, general liability insurance can cover settlements and defense costs such as attorney fees, court fees, etc. if someone holds your furniture store liable for slander, libel, and copyright infringement

  • Rented premises liability coverage-Rented premises liability coverage is helpful if you’re renting a space in a flea market or any other similar locations to sell the furniture of your shop. If the rented space becomes damaged, this additional coverage allows general liability insurance to cover the losses of the owner

  • Rented/hired auto liability coverage-Non-owned/hired auto liability coverage is handy if your furniture store hires or borrows a vehicle to deliver furniture to clients or haul supplies. If the hired or borrowed vehicle causes an accident, rented premises liability coverage will indemnify the affected parties on your behalf 


The advertising injury coverage of general liability insurance for furniture stores has a $100,000-$250,000 per occurrence limit with a $500,000 aggregate. On the other hand, the per occurrence limit of rented premises liability coverage is $500,000-$2 million. Its aggregate limit is $2 million. 


Exclusions Of Your Furniture Store’s General Liability Insurance

General liability insurance doesn’t provide coverage if an employee, co-owner, partner, or any other entity directly connected to your furniture store’s operations files a claim for bodily injury or property damage. 

Negligence that results in financial or economic losses of the claimant isn’t covered too. However, general liability insurance will take care of negligence that inflicted injuries or property damage to customers or other concerned parties. 


Product Liability Insurance for Furniture Stores 

Customers can file a claim if they experience something undesirable due to the furniture you sold. Getting sued because of the product you’re selling can be very problematic. Here are some examples:

  • A popular furniture store company from Sweden that operates in the USA settled for $46 million after a dresser sold to a customer tipped over and killed a 2-year-old child 

  • Through a court judgment, a customer received a $250,000 compensation from a famous New York furniture chain that was proven to send customers used and defective furnishings 


Product liability insurance helps to cover costs if customers file a claim because the cabinet, tables, chairs, or any other product they bought from your furniture store inflicted bodily injuries or property damage by having:

  • Design errors

  • Labeling errors

  • Manufacturing defects


Through product liability insurance, you can cover the defense costs and settlements for product liability claims. This policy has a $1 million-$2 million per occurrence limit with an aggregate of $2 million.

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Commercial Property Insurance for Furniture Stores

Your furniture store’s building and its contents cost a lot. For a small furniture store, you’ll spend a lot on the building and the furniture pieces sold. Imagine how much you’ll lose if something undesirable happens to them.

Ensure your furniture store’s survival by getting commercial property insurance. Commercial property insurance will reimburse losses if your furniture store’s building is damaged or destroyed by:

  • Fire

  • Theft

  • Vandalism

  • Malicious mischief

  • Sinkhole collapse

  • Volcanic action

  • Winds

  • Hail

  • Snow

  • Sprinkler leakage

  • Explosions

  • Aircraft

  • Vehicle


Additionally, contents coverage is included in the terms of the commercial property policy of furniture store insurance. This will recoup lost capital if the furniture to be sold, important documents, building generator, computer, and other valuable items become lost or damaged due to the above-mentioned perils.

So how much coverage can you get from commercial property insurance? The building coverage of commercial property insurance is $10,000-$25,000 but note that there are carriers that provide more than $1 million. Contents coverage, on the other hand, is $5,000-$20,000 but you can still find carriers willing to give more.


Exclusions OfCommercial Property Insurance

Commercial property insurance doesn’t protect your furniture store against business property damage caused by earthquakes, floods, war, terrorism, and mudslides. Get endorsements to have protection against these perils.

You can’t use commercial property insurance to recoup losses if an employee stole money, engaged in fraudulent refunds, or embezzled business funds. The same is true if an employee or any other entity intentionally caused the damage or loss of business property.

Note that commercial property insurance doesn’t cover the items of other businesses or individuals left in the custody of your furniture store. Also, it doesn’t cover installations outside and is not part of your furniture store’s building.

You must also remember that commercial property insurance doesn’t cover any property of your furniture store that got damaged or lost during transportation.


Furniture Store Business Owner’s Policy

Most insurance companies will offer a business owner’s policy if you plan to get commercial property and general liability insurance for your furniture store.

A business owner’s policy merges general liability and commercial property insurance and makes them cheaper than what you would’ve paid if you bought each as separate policies instead.

Understand that a business owner’s policy can’t only offer general liability and commercial property insurance all the time. You also get to include other policies in its terms such as workers' compensation, cyber liability, employer’s liability insurance, and more.


Workers Compensation Insurance for Furniture Stores

Workers compensation insurance covers the resulting expenses if an employee or several employees of your furniture store sustains a work-related injury. Buy workers compensation insurance because the employee or employees of your furniture store can sustain injuries by:

  • Slipping and falling while moving around in the premises of your business

  • Lifting heavy furniture a client bought

  • Moving and organizing recently delivered furniture that must be kept in the storage area

  • Experiencing an accident while showing a client how a particular furniture works and how it must be used


Workers' compensation insurance is also helpful because an employee can’t file a lawsuit to hold your business liable for his or her injuries.

As we said earlier, workers' compensation insurance covers expenses if an employee sustains injuries at work. So what particular costs does the policy take care of? Workers' compensation insurance pays for:

  • Ambulance/emergency treatment-If an accident happens at work and an employee needs immediate medical attention, workers' compensation insurance will cover ambulance fees. It will also pay emergency room fees

  • Hospitalization-Your furniture store can cover bills through workers compensation insurance if ever its employee needs to stay in the hospital for days, weeks, or months

  • Medication-Workers compensation insurance will pay for the medicines your furniture store’s employee needs for a work-related injury to heal

  • Rehabilitation-Workers compensation insurance covers rehabilitation costs if an employee of your furniture store experiences a temporary or permanent impairment due to a work-related injury

  • Lost wages-Your furniture store can use workers' compensation insurance to cover the lost wages of an employee who can’t work due to a work-related injury or disease. In practice, the policy provides a weekly allowance equal to two-thirds or 67% of the average weekly wage

  • Death benefits-If an employee dies, your furniture store can use workers' compensation insurance to cover funeral expenses. The policy also provides an allowance to dependents


Does Workers Compensation Insurance Cover Work-Related Diseases?

Workers' compensation insurance covers work-related diseases. But note that an employee must first provide sufficient proof.


Where To Get Workers Compensation Insurance for Your Furniture Store?

Workers' compensation insurance is available from any commercial insurance company that includes furniture stores in their underwriting appetite. If no insurance company is willing to sell the coverage to you, you can qualify for the risk pool managed by the state where your furniture store is located.


When Must Your Furniture Store Get Workers Compensation Insurance?

You must get workers' compensation insurance as soon as there are one or more full-time and part-time employees. Note that exceptions might apply depending on which state your business is located.


Consequences Of Not Getting Workers Compensation Insurance

The failure to get workers' compensation insurance is punishable, except if your furniture shop is located in Texas. Fines and penalties differ from state to state. Here are some examples:

  • If your furniture store is in Rhode Island and it doesn’t have workers' compensation insurance, authorities will impose a $1,000 fine for each day of non-compliance. You, as the owner, will also face a felony charge punishable by 2-year imprisonment and a $10,000 fine

  • The State Board of Workers Compensation in Georgia will administer a $500-$5,000 fine for each instance of your furniture store’s noncompliance to get workers' compensation insurance

  • Your furniture store will lose a lot if it operates in Utah without workers' compensation insurance. First off, authorities will impose a $1,000 fine. If the violation is severe, your furniture store can be barred from doing business in the state. Finally, you will lose your right to exclusive remedy as an employer

  • In Idaho, your furniture store will face a $2 fine per uninsured employee or a $25 fine for each day of non-compliance. Authorities won’t file criminal charges against you

  • If your furniture store is guilty of not getting workers' compensation insurance for employees, Colorado authorities will impose a $500 fine for being uninsured. Criminal charges don’t apply


Exclusions Of Your Furniture Store’s Workers Compensation Insurance

Workers' compensation insurance doesn’t cover interns and volunteers working for your furniture store.

Also, in case an employee files a lawsuit against your business, workers' compensation insurance can’t cover settlements and legal defense costs.


Cyber Liability Insurance for Furniture Stores

Furniture shop insurance will offer a cyber liability policy if your furniture store collects and handles the sensitive data of customers. In a real-life scenario, this is useful if your business is operating a website or using electronic billing devices/platforms.

You use cyber liability insurance to cover the following costs if the sensitive data of customers is breached due to a cyberattack, employee error, or cybersecurity issues:

  • Public relations (cost for informing affected parties of the breach)

  • Defense costs

  • Settlements

  • Professional services (cost for containing the breach)

  • Business interruption (only applicable if your business losses income because it needs to close while containing the breach)


So how much money can you get from cyber liability insurance?

The policy has a $1 million-$2 million per occurrence limit with an aggregate of $2 million-$3 million. But since cyber liability lawsuits are costly, some carriers underwrite cyber liability insurance with a per occurrence limit of $5 million-$10 million.


Furniture Store Commercial Auto Insurance

You can include a commercial auto policy in your furniture shop insurance if your business owns a vehicle used to deliver furnishings to customers and stocks to partners.

Commercial auto insurance provides coverage if your furniture store’s vehicle sustains damage and inflicts injuries or property damage to third parties. It will also help if the driver and passengers of your furniture store’s vehicle got injured in an accident.

Insurance companies include the following coverages in the commercial auto insurance for furniture stores:

  • Auto liability coverage-The auto liability coverage of commercial auto insurance will pay the medical treatments, funeral, or property damage of the victims in case your furniture store’s commercial vehicle causes an accident. It will also cover attorney fees, administrative costs, judgments, court fees, and other legal defense expenses

  • Physical damage coverage-Physical damage coverage helps you cover the maintenance of your furniture store’s commercial vehicle if ever it gets damaged. Carriers give you the liberty to get this as a collision or comprehensive policy. Collision physical damage coverage will cover costs if your vehicle got damaged in a crash. In comparison, comprehensive physical damage coverage will take care of expenses if your furniture store’s vehicle sustained damage due to theft, fire, vandalism, and other covered perils

  • Rental reimbursement coverage-Suppose you need to rent because the commercial vehicle of your furniture store is being fixed, rental reimbursement coverage will refund your expenditures

  • Uninsured/underinsured motorist coverage-Your commercial vehicle can get involved in an accident caused by another driver. If the driver can’t indemnify, uninsured/underinsured motorist coverage will cover medical treatments and reimbursements for property damage instead

  • Medical payments coverage-Medical payments coverage provides funds for the medical treatment or funeral of the passenger and driver regardless if your commercial vehicle caused the accident or not

  • Personal injury protection-Personal injury protection works similarly to medical payments coverage. However, it doesn’t only cover medical treatment and funeral costs but also lost wages, retraining, after-hospital visits, and more


Exclusions Of Your Furniture Store’s Commercial Auto Insurance

Auto liability coverage can’t indemnify affected parties if your furniture store’s commercial vehicle caused an accident by being involved in criminal activities.

Physical damage coverage doesn’t cover aftermarket parts. Also, damage due to rollovers is excluded from the terms of the policy.

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Furniture Shop Insurance Cost

Furniture shop insurance doesn’t have a universal cost because so much of the price is dependent on many factors. On average, expect to pay $45.05 per month or $540.62 per year for a $1 million general liability insurance. 


Cost per MonthCost per YearBest for
NEXT$22.50$270Fast general liability insurance for furniture stores
CoverWallet$29.85$358.20Furniture store insurance quotes comparison online
CommercialInsurance.Net$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


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.

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

  • 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

  • Customers complain a lot about how NEXT handles workers comp insurance claims 

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 $100,000 building coverage.  You get $15,000 minimum coverage for business personal property. There’s also an additional $2,500 coverage for money, securities, and signage. Equipment breakdown isn’t included in NEXT’s commercial property insurance. 

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: Fast 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

  • Has a $1,000 deductible on its commercial property insurance

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 as $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


CommercialInsurance.Net 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

Your furniture store’s general liability insurance from CommercialInsurance.Net offers a $1 million-$2 million per occurrence limit with an aggregate limit of $2 million. 

There’s also commercial property insurance that has a $15,000-$25,000 building and contents coverage. You can add business interruption insurance to its terms 

Other insurance products you can avail from CommercialInsurance.Net are workers compensation, cyber liability, product liability insurance, and more. 

Call CommercialInsurance.Net 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. This includes furniture store insurance policies as well as the food and drink and hair and beauty industries.

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 cover 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 a general liability and commercial property insurance you can bundle in 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 a $5,000 building coverage and $2,500 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 they put into supporting those smaller businesses and tailoring their services to them.

While AmTrust specializes in workers’ compensation insurance, they also offer a range of other kinds of coverage. For example, they have 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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