Nationwide: A Good Fit for Apparel Shop Business Insurance

You probably have questions about the best ways to protect your business. Here are a few of the most commonly asked questions related to business insurance for apparel shops. Contact a Nationwide agent to help answer additional questions.

(Please note all coverages may not be available in all states.)

Q: How does Nationwide understand that apparel shops are different from other businesses?
A: With apparel shops, your merchandise is your business. If it’s damaged in a fire or other disaster, you need to be able to replace it and reopen your shop right away. Apparel stores also may be more seasonal than other types of retailers, so your coverage needs to adjust to protect your stock at any time of year.

Q: What specific coverages do apparel shops need?
A: Here are some of the coverages you should consider:

General Liability
Property
Employee Dishonesty
Crime/Theft
Business Income
Business Umbrella
Workers Compensation
Peak Season Coverage
Money and Securities
Valuable Records and Papers
Q: Does Nationwide offer these coverages?
A: Yes. Nationwide offers a wide variety of coverages and services for the apparel retail industry. Your Nationwide agent will work with you to determine a solution to best meet your needs.

Q: What advantages does Nationwide provide for apparel shops?
A: Nationwide offers online safety bulletins to help you protect your store, your customers and your employees. Our knowledgeable agents will design an insurance package based on your individual business, typically consisting of one policy, making it easier to keep track of renewals and payments.

Q: Can Nationwide meet all of my insurance and financial needs?
A: Yes, we offer a full range of personal and business insurance products. We also offer financial services, mortgage and banking services. This means we can cover your home, personal autos, business vehicles, workers compensation, life insurance, business property and liability, personal and commercial umbrella, mortgages and investments.

Q: If I have several locations, do I need to have several policies?
A: No. Nationwide can include all of your locations on one policy, saving you money and maximizing your coverage. And if your locations are in multiple states, we may be able to provide coverage.

Q: What is umbrella insurance?
A: It’s a way to add higher limits to your existing insurance. For example, if your current liability policy covers a $1 million lawsuit and you are successfully sued for $2 million, umbrella insurance can cover the difference. Best of all, we can provide this excess liability coverage over your business vehicles as well as your business liability.

Q: How do I pay my premiums?
A: Various options are available, including monthly and quarterly. Contact an agent to work out the best plan for your business.

Q: What do I do if I have a claim?
A: You can:

Call us 24/7 at 1-800-421-3535
Visit our claims center
Or call your agent
Q: What can you do to help me as my business changes?
A: Your agent can provide an annual On Your Side Review to make sure your insurance is keeping up with your changing business needs. These reviews can cover opening a new location, adding on to existing space, changes in the industry from court rulings, when a claim has been made and at renewal time. All of these moments have insurance coverage implications, and we want to make sure you are adequately protected.

Q: How is Nationwide rated, and what does this rating mean?
A: Nationwide is rated A+ (Superior) by A.M. Best, an independent insurance benchmarking group. The superior rating is assigned to companies that have a superior ability to meet their ongoing obligations to policyholders.

Q: How can I find a Nationwide agent?
A: By using whatever method works best for you:

Use our Professional Locator
Look in the yellow pages
Ask a friend or business associate for a recommendation