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These stores engage in the retail sales of electrical power equipment used for the transmission, generation, control or distribution of electric energy. Electrical supplies such as sockets, plugs, wires, switches and fuses; electrical construction materials and electric light fixtures and bulbs can be purchased at these stores. Electrical household appliances may be included. Repair and delivery services are often included for the items purchased in these stores.

General Liability for Electrical Supply Stores – Product liability risk is relatively high for an electrical supply store. Faulty electrical equipment can result in injury or death. Employees should be trained to look for defects when receiving inventory or when selling parts to customers. Customers should also be advised to follow proper installation procedures or elicit the help of a professional. Any repackaging, label changes or product alteration may void the original manufacturer’s warranty and should be considered carefully. As with any retail location, customer areas should be kept clean and free of hazards to avoid falls. It is especially important in an electrical supply store that all liquid spills or leaks be dealt with quickly and that any effected merchandise is properly checked before being sold.

Worker’s Compensation Insurance for Electrical Supply Stores – Worker’s Compensation risk at an electrical supply store is similar to that of other retail businesses. However, employees are dealing with electrical components that have the potential to cause serious bodily injury or death if not handled properly. Workers should be advised to exercise caution when opening supply cartons – in order to avoid injury and damage to the inventory.

Business Auto Insurance for Electrical Supply Stores– Electrical supply stores are at a relatively low risk for business auto incidents, unless deliveries are made. Any driving would probably include daily errands or occasional delivery of supplies. If employees are required to drive their own vehicles, their MVR’s should be properly checked and they should be required to carry a minimum amount of Personal Auto insurance. If company vehicles are being used, employees should be well versed in proper operation and maintenance procedures.

Property Insurance for Electrical Supply Stores – Shoplifting is a concern at electrical supply stores due to the small size and increased value of many components. Closed circuit television and electronic tagging are two methods of preventing theft. Additionally, employees should be trained in spotting and dealing with potential customer theft. Fire risks are always present, and steps should be taken to ensure that all flammable products are stored properly. Any electrical components that are plugged in should not exceed the electric limits of the outlets being used – to prevent overload and potential fire.

Crime Insurance for Electrical Supply Stores – Typical banking procedures should be in place to prevent employee embezzlement of funds at electrical supply stores. Check and credit card fraud is a growing concern in the retail sector and employees need to be trained to spot potential fraud or identity theft. Any company that collects large amounts of cash runs the risk of being robbed. Cash should be removed from the premises daily and at varying times to reduce the risk of burglary.