Top Trending: Why You Must Go See That 'Flop' 'King Arthur: Legend of the Sword'

Covered Wagons

Insuring your cart or kiosk business.
  • ---Shares
This story appears in the August 1998 issue of Entrepreneur. Subscribe »
Reader Resource

Apply now to be an Entrepreneur 360™ company. Let us tell the world your success story. Get Started »

If you own a retail cart or kiosk, you need the same basic insurance coverage you would if you had a store--you just need less of it, says Robert Muir, vice president of risk management services with Wolf & Cohen Inc., a full-line insurance agency in Vienna, Virginia. "With carts, you're not normally responsible for the common area [of a mall or shopping center]," Muir explains, "but you still need a general liability policy." That would protect you if, for example, something fell off your display and struck someone or if you caused a spill that resulted in a slip-and-fall accident.

Most malls require cart and kiosk operators to carry general liability coverage in the amount of $1 million per occurrence and $2 million general aggregate; Muir says that's adequate for most types of cart businesses. Expect to pay $250 to $350 per year for this type of coverage.

Not all insurance companies offer coverage for carts and kiosks, so you may have to shop around. Muir advises starting with the company you've purchased other policies from. You can also head to the Internet Insurance Directory at http://www.insdir.com


Jacquelyn Lynn is a business writer in Winter Park, Florida.

Contact Source

Wolf & Cohen Inc., (703) 556-7800, ext. 131, rmuir@wolfcoheninc.com

Edition: May 2017

Get the Magazine

Limited-Time Offer: 1 Year Print + Digital Edition and 2 Gifts only $9.99
Subscribe Now
OK

This website uses cookies to allow us to see how our website and related online services are being used. By continuing to use this website, you consent to our cookie collection. More information about how we collect cookies is found here.