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Hardware stores sell tools and supplies that contractors, handymen, renters and homeowners use for maintenance and building projects on homes and other properties. Hardware store products include electrical supplies, plumbing supplies, painting supplies, screws, nails, tools, paint, glass, cutlery, house wares, household appliances and gardening supplies. Items may be pre-packaged or sold in bulk. Hardware stores usually offer maintenance project advice and repair services. Some offer equipment rental and LP gas filling services for grills and campers. In rural areas, hardware stores may be similar to general stores and sell other useful items such as clothes and automotive supplies.

General Liability Insurance for Hardware Stores – The premises liability risks for hardware stores are those that are normal for retail establishments including trips/slips/falls, contact with sharp objects, and toppling merchandise and displays. Areas where work is being performed at hardware stores should be separated from visitor areas and designated by conspicuous “Employees Only” signage. Products liability risks are higher when hardware stores offer assembly and repair services. Importing goods from other countries will also increase the risk. Chemicals and products sold or used in hardware stores can pose an environmental hazard. Procedures should be taught for proper use and disposal.

Workers’ Compensation Insurance for Hardware Stores – Hardware store employees who are involved in assembly or repair work may be at higher risk of injury. Safety training should be provided and personal protective gear should be worn when necessary. Hardware store employees may also be injured when lifting merchandise and heavy objects. Proper lifting techniques should be trained and employees should ask for help before attempting to move any objects that are heavy or awkward.

Business Auto Insurance for Hardware Stores – Automobile accidents are more likely to occur when hardware stores offer delivery services. MVRs should be checked routinely of all drivers for acceptability. An outside contractor should regularly inspect delivery vehicles and documentation of regular maintenance should be provided.

Property Insurance for Hardware Stores – Flammable products may be sold or used for repairs at hardware stores. They must be properly used and stored. Fire risks are much greater if the store sells ammunition or is involved with LP gas re-filling. A central station smoke alarm system should be installed and approved fire extinguishers should be readily available at key points throughout the hardware store. The fire extinguishers should be inspected annually and recharged as needed. Theft is more likely when stores sell firearms, sports gear, bicycles and home repair equipment. Security systems should be used as a result.

Crime Insurance for Hardware Stores – The handling of money in hardware stores should be closely managed in order to prevent theft by employees or outside burglars. Cash and checks should be deposited daily and cash registers should be monitored. Employees who are not authorized to deposit and withdraw funds should verify bank statements. Inventory should be counted often to also help reduce employee theft.