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These stores sell new collectibles, such as statues, figurines, ornaments, Christmas villages, glassware and memorabilia. Customers generally purchase items individually and add to their collections over time. Stores may stock one type of collectible or a variety of collectibles and may operate online shopping and mail order operations. Some individuals purchase collectibles for the purposes of selling them once they increase in value.

General Liability Insurance for Collectibles Stores – Collectibles stores should display their merchandise on sturdy fixtures and shelving in order to prevent tip over hazards. Displays and fixtures should have no sharp edges or points or any other defects that could result in customer injuries. Floor space should be adequate and free of defects. Parking areas should be marked with paint and/or signage indicating routes of travel, speed bumps, and problem areas.

Workers’ Compensation Insurance for Collectibles Stores – Employees of collectible stores may be cut if care is not taken when opening or handling stock that contains gifts made of glass. First aid equipment should be adequate and easily accessible by employees. Employees may injure or strain their backs if they do not use correct lifting procedures for moving boxes of stock, for example.

Business Auto Insurance for Collectibles Stores – Collectibles Stores will be exposed to business auto liability when employees drive to places like the bank, post office, or occasionally to trade shows, for example. Employee used vehicles will result in vicarious liability to the business. Driving records should be verified for all drivers. A written driver safety program should be in place with a zero tolerance for deviation of rules and accidents.

Property Insurance for Collectibles Stores – Shoplifting risks may be a concern in collectibles stores and can be reduced if employees maintain full visibility of the merchandise by having an intelligently designed layout with plenty of aisle space. Specialized Inland Marine Coverage may be necessary for highly valued gifts and collectible items. Expensive and rare collectible items should be displayed in locked glass cases. Surveillance techniques such as closed circuit TVs, two-way mirrors, sight expanding mirrors, and merchandise tagging should be considered. Fire detection devices should be installed including central station and local smoke alarms.

Crime Insurance for Collectibles Stores – Pre-employment hiring screening should include criminal background checks, reference checks, and detailed applications. Hiring honest employees will help prevent employee dishonesty risks for collectibles stores. A philosophy of aggressive prosecution can be a deterrent to employee theft. The business should publish a written policy of prosecuting any employee who is caught stealing. Furthermore, each employee should be required to sign a statement of acknowledging the policy that should become a part of his permanent employee file.