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These stores engage in the retail sales of audio and video equipment for domestic and commercial use, such as televisions, radios, CD players, video recorders, VCRs, DVD players, jukeboxes, musical instrument amplifiers, stereos, speakers and photographic equipment. They also provide audio and video equipment repair and maintenance services for their customers. Stores may specialize in a single type of equipment or offer a variety of items.

General Liability Insurance for Audio Visual Equipment Stores – In order to reduce risk of premises liability at audio and visual equipment stores, all walkways should be clear and provide adequate walk space. Exit signs must be clearly noticeable. Items should be easy to reach throughout the audio and visual equipment store. Care must be taken for merchandise to be secure on shelves to prevent shelving collapse and related customer injuries. The shelving must be sturdy with the appropriate anchoring systems or wall fastenings. Parking lots and sidewalks should always be secure, well lit, and in good condition. There is usually low products liability for audio and visual equipment unless the store directly imports or refurbishes items for resale.

Workers’ Compensation for Audio Visual Equipment Stores – Proper training of lifting, loading and unloading should be taught to delivery and repair employees in order to help prevent work related injury. General safety training is also important for all audio and visual equipment store employees. Typical injuries include hernia, strain, sprain, and back injury. Employees should ask for help before attempting to move any objects that are heavy or awkward.

Business Auto Liability Insurance for Audio Visual Equipment Stores – Automobile liability is increased for audio and visual equipment stores when employees drive for service calls or equipment delivery. A commercial license is required of employees hired specifically for this purpose and they must maintain an acceptable driving record. An outside contractor should also perform regular inspection and maintenance for all company vehicles. Employees, who occasionally run errands for the store while driving their own vehicles, must keep their vehicles in good repair, have valid drivers licenses, and sufficient Auto Liability insurance with a minimum of $300,000 combined single limits.

Property Insurance for Audio Visual Equipment Stores – Audio and visual equipment is subject to loss due to fire or theft. Fire is likely to result when using flammable materials during repairs. Products like oils and degreasers must be well controlled and used with caution. Smoke and heat can damage any plastic parts of the equipment, resulting in a total loss. Approved fire extinguishers should be available at key points throughout the premises and training should be conducted in their usages. Water from sprinkler systems can also ruin the equipment. Sprinkler systems should be carefully designed in order to refrain from causing more damage than necessary. Equipment should be properly secured due to the value of theft of these popular items. Shoplifting can result in significant losses for audio and visual equipment stores, especially if merchandise is small and valuable.

Crime Insurance for Audio Visual Equipment Stores – Theft of money and securities by outsiders or merchandise stolen by employees can occur in audio and visual equipment stores. Closely monitoring inventory and cash flow may help control employee dishonesty. Employees who reconcile bank statements should not be authorized to withdraw or deposit funds.