Shoe Shop Insurance: Cost & Quotes From $11/mo

Shoes aren’t just for appearance. A good pair of shoes improves posture and helps prevent musculoskeletal injuries. This is why it’s always advised to wear a good pair of shoes when working out at the gym with a fitness trainer.

People will always wear shoes. In connection, a shoe store is a good option if you’re thinking of running a resilient retail business. Another plus is that a shoe store can be a brick-and-mortar business or an online venture. You can even use this venture as a way to help the community by only sourcing footwear from local artisans

Business insurance is one of the requirements when starting a shoe store.  Disaster can strike out of nowhere, leaving you scrambling to get your business back in operation again. Accidents can happen in your store, and you may find yourself struggling to cover the demands of the claimant. 

That’s where shoe store insurance comes in. Here’s a guide that will talk about what policies are included, the cost of premiums, and the best companies to work with. 

Shoe Shop Liability Insurance

The tailored insurance package for shoe stores offer liability coverage. Shoe shop liability insurance can be categorized into two types: general liability and product liability. Let’s see how each works.

General Liability Insurance for Shoe Stores

CoverWallet  NEXT (Best) Hiscox
Per occurrence limit  $1,000,000 $1,000,000 $300,000/$1,000,000
Aggregate limit  $2,000,000 $1,000,000/$2,000,000 $300,000/$2,000,000
Products and completed operations aggregate limit  $2,000,000 $1,000,000 $1,000,000
Advertising injury coverage aggregate limit  $1,000,000 $1,000,000 $1,000,000
Tenant’s legal liability coverage limit  $100,000 $100,000 $100,000
Waiver of subrogation included? Yes No Can be included
Hired/non-owned auto liability coverage included? Yes No Can be included
Equipment breakdown floater included? No  Yes Can be included

Customers can experience an accident while shopping in your shoe store. In connection, they can file a lawsuit and demand thousands or even hundreds of dollars in compensation for property damage or bodily injuries. An easy way to get out of this mess is purchasing general liability insurance. 

General liability insurance will cover costs for medical treatment, reimbursement for property damage, legal expenses, and court judgments you must pay when a third party files a claim for bodily injuries, property damage, slander, libel, and copyright infringement. Use the table above to see which insurance company offers this type of shoe shop insurance best. 

What Common Accidents Does General Liability Insurance Cover?

These are the most common accidents in a shoe store which general liability insurance can take care of:

  • A customer slipped and fell

  • The mirror drops and hits a customer while trying some shoes on 

  • An employee is taking stocks to the storage room of your shoe store and bumps into a customer

  • An independent contractor falls from a height while installing racks on the walls or fixing the signage of your shoe store

How Much General Liability Insurance is Available for Shoe Stores?

Shoe stores can get $1 million-$2 million general liability insurance. Higher limits are available if you file a request. Nonetheless, the fastest way of enjoying a higher amount of coverage is by purchasing umbrella liability insurance. 

Product Liability Insurance for Shoe Stores

Your shoe store can’t only get sued for accidents. Customers can also hold your business responsible if they sustain injuries because of the shoes from you. Insurance companies are aware of this exposure and include a product liability coverage in general liability insurance. 

Product liability insurance covers the cost of medical treatment, legal defense, product recall, and extra labor if your shoe store sold shoes with:

  • Design errors

  • Manufacturing defects

  • Labeling errors

  • Packaging errors

Can Product Liability Insurance Help If You’re Accused of Selling Knockoffs?

Product liability insurance can help if a customer files a claim for a foot injury and accuses your store of selling a knockoff pair of shoes. This insurance can’t help if a customer files a claim for fraud or counterfeiting.

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Commercial Property Insurance for Shoe Stores

CoverWallet NEXT (Best) Hiscox
Building coverage limit (minimum) $50,000 $250,000 $25,000
Contents coverage limit (minimum) $50,000 $35,000 $15,000
Outdoor signs Excluded $2,500 Included
Accounts receivable  Excluded Excluded Included
Money and securities Excluded $2,500 Included
Lock and keys  Excluded $2,500 Included
Business interruption floater Excluded Included Included
Equipment breakdown floater Excluded Included Included
Inland marine insurance floater Excluded Excluded Excluded
Employee dishonesty floater Excluded $5,000 Excluded

Commercial property insurance has got your back if something happens to your shoe store’s leased, owned, or rented commercial space. In a commercial lease, commercial property insurance is a requirement. And so, there’s no skipping this policy if you don’t own your shoe store’s space. Use the table above to see which insurance company comprehensively offers this type of shoe shop insurance. 

How Does Commercial Property Insurance Help Your Shoe Store?

You can use commercial property insurance to recover the actual cash value or replacement cost of your shoe store’s building if the following happens:

  • Fire

  • Theft

  • Vandalism

  • Civil commotion

  • Riot

  • Volcanic action

  • Lightning

  • Sinkhole collapse

  • Vehicle 

  • Aircraft

  • Sprinkler leakage

The Shoes on Display and Those in the Storage Got Destroyed When My Shoe Store Was Burned by a Fire. Can Commercial Property Insurance Help?

Yes. Commercial property insurance comes with stocks and contents coverage. This means that it can reimburse a portion of the value of the shoes on display and in storage. In fact, aside from what you’re selling, this insurance also covers lighting, shoe display racks, computers, lighting, glass, and other valuables inside your shop.


Business Owner’s Policy for Shoe Stores

CoverWallet NEXT (Best) Hiscox
General liability aggregate limit  $2,000,000 $2,000,000 $300,000/$2,000,000
Commercial property coverage limit  $50,000 $250,000 $25,000
Optional policies can be added? Yes Yes Yes
Name additional insureds for free? Yes Yes Yes
BOP discount? Yes Yes Yes

A business owner’s policy bundles general liability and commercial property insurance. This means that it can act as a coverage against the liability for bodily injuries or property damage. At the same time, its protection applies if you experience a covered loss. A business owner’s policy is cheaper than buying general liability and commercial property insurance separately. Use the table above to see which insurance company offers the best business owner’s policy for shoe stores. 

Tools and Equipment Insurance for Shoe Stores 

NEXT  Hiscox
Aggregate limit $3,000/$10,000 $15,000/$25,000
Covers hired and borrowed equipment? $3,000/$10,000 No
Miscellaneous equipment also covered? $5,000/$10,000 Yes
Offered as an endorsement to general liability insurance? Yes Yes
Deductible $500 $0

You can purchase tools and equipment insurance to further protect the computer, power generator, television, cover machine, and other related items. The coverage of this insurance applies if the objects we mentioned got lost or damaged due to fire, theft, vandalism, operator error, electrical surge, electrical shorts, and other covered perils. Use the table above to see which insurance company offers the best tools and equipment insurance for shoe stores. 

Workers Compensation Insurance for Shoe Stores 

A shoe store isn’t a one-man business. You’ll need at least 2-5 people to run things smoothly

Recognize that employees can sustain an injury while working. For example, your employee might fall from a height while placing new shoes on a display rack. Repetitive movements can also cause acute to chronic muscular illnesses. 

Workers compensation insurance sees to it that you can cover costs if an employee sustains a work-related injury or disease. With this insurance, you can shoulder the costs for:

  • Emergency care

  • Hospitalization

  • Medication

  • Rehabilitation and retraining

  • Lost wages

  • Death benefits

Other Insurance Policies to Consider Getting

You might want to consider getting these other insurance policies. Do so and you’ll enjoy coverage against future risks that your business will face as it grows in the future:

  • Commercial auto insurance-Purchase this if your shoe shop owns a vehicle. If the vehicle causes an accident, commercial auto insurance will cover the medical treatment of third parties. This insurance will also cover the expenses for replacing or repairing damaged parts

  • Cyber liability insurance-Cyber liability insurance is useful if your shoe shop owns a website. If a data breach happens, this will cover the cost for customer notification, credit monitoring, fraud monitoring, data breach containment, and legal expenses

  • Umbrella liability insurance-Commercial umbrella insurance may provide compensation when your liability costs, including the cost of damages caused by the store and the cost of damage to your property, exceed the protection offered by another policy. 

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Shoe Store Insurance Cost

Cost per Month Cost per Year Deductible
General liability insurance $38 $456 $0-$500
Commercial property insurance $50 $600 $1,000-$2,000
Business owner’s policy $90 $1,080 $1,500
Commercial auto insurance $47 $564 $500-$1,000
Workers compensation insurance $61 $732 $1,000-$2,500
Cyber liability insurance $99 $1,188 $1,000

The average shoe store insurance cost is $38 per month or $456 per year for a $1 million general liability policy. Factors that affect the cost of premiums are:

  • Claims history

  • Policy limits

  • Deductibles

  • Location

  • Annual revenue

  • Number of employees

In connection, here’s another table that shows the cost of a $1 million general liability insurance from companies where you can get a shoe shop insurance quote online:

Cost per Month Cost per Year Best for
NEXT $25 $300 Best overall; Fastest general liability insurance for shoe shops
CoverWallet $28 $336 Shoe shop insurance online quotes comparison
Tivly $30 $360 Comparing shoe shop insurance quotes over the phone
Hiscox $36 $432 Shoe shop insurance with automatic renewal

Compare Cheap Shoe Shop Insurance Quotes Online

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Best Shoe Shop Insurance Companies

Choosing the right insurance company to provide coverage for your shoe shop is critical. Not only do you want to make sure that you have an insurance company that understands the unique nature of your business, but also you want to ensure that claims are quickly paid and  higher levels of coverage are offered. 

Here are the best shoe shop insurance companies. Read some of the reviews below to know their pros, cons, and cost of a $1 million general liability insurance. 

NEXT Shoe Shop Insurance


  • Best overall

  • Issues an online proof of insurance instantly

  • Fastest general liability insurance for shoe shops 

  • Great customer service and reputation

  • Excellent rates

  • Outstanding value for money

  • Get a 10% discount if you buy two or more policies 


  • Couldn’t find any

NEXT covers shoe shops through its retail insurance package. This is an insurance program that’s available as a deluxe, pro, or premiere plan. Here’s a quick summary of the policies you can avail and their limits:

  • $1 million-$2 million general liability insurance 

  • $1 million-$2 million product liability insurance

  • $250,000 commercial property insurance

  • Workers compensation insurance

  • Commercial auto insurance

NEXT allows you to get a quote online. You can also proceed with the purchase without talking to an agent. Nonetheless, in case you need help, NEXT’s representatives are quickly available. 

Best for: Best overall; Fastest general liability insurance for shoe shops 

Average cost: $25 per month

Our rating: 10/10

CoverWallet Shoe Shop Insurance


  • Compare shoe shop insurance quotes online

  • Cancel a coverage anytime

  • Buy a quote online of finalize the purchase with an agent

  • Waiver of subrogation can be added to general liability insurance


  • Not an insurance company but an insurance broker 

CoverWallet is an insurance broker. It grants coverage by curating the quotes of different companies that underwrite tailored insurance for shoe stores. You can purchase the following policies from this company:

  • $1 million general liability insurance

  • $50,000 commercial property insurance

  • $1 million cyber liability insurance

  • Commercial auto insurance

  • Business owner’s policy

  • Workers compensation insurance


CoverWallet issues online quotes. And what makes this good is that you can compare them side by side. This means that you can get the most comprehensive coverage at a reasonable price. 

Best for: Shoe shop insurance online quotes comparison

Average cost: $28 per month

Our rating: 10/10

Tivly Shoe Shop Insurance


  • Compare shoe shop insurance quotes over the phone

  • A partner of many reputable insurance companies

  • Responsive customer service


  • You need to call to get a quote 

Tivly is another insurance company that can insure your shoe shop by curating the offers of partners. The only thing that makes it different from CoverWallet is that you compare quotes over the phone. Policies offered are general liability, commercial property, commercial auto, and workers compensation insurance. You need to call a Tivly representative to get quotes and know the features of your coverage. 

Best for: Comparing shoe shop insurance quotes over the phone

Average cost: $30 per month

Our rating: 10/10

Hiscox Shoe Store Insurance


  • More than a decade long expertise in underwriting business insurance

  • Fast to process claims

  • Worldwide coverage

  • Automatic policy renewal


  • Not a BBB accredited company 

Hiscox’s shoe store insurance offers general liability insurance, business owner’s policy, and cyber liability insurance. This company’s general liability has a $300,000-$2 million limit. The business owner’s policy, on the other hand, features a $25,000 commercial property insurance and $300,000 general liability insurance. Hiscox’s cyber liability insurance has a $250,000 limit. Note that upgrades are available in case you want to enjoy more comprehensive coverage. 

Best for: Shoe shop insurance with automatic renewal

Average cost: $36 per month

Our rating: 9/10

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