Retail Insurance in Minnesota
Keep your inventory protected — at home and at your warehouse.
Choose your primary coverage to get started:
Retail insurance can help protect you from:
Theft and vandalism
Your business has broken windows, a broken door and inventory was stolen. You need to replace and repair — fast.
Fire and wind
Broken pipes and flames can severely damage business furniture and fixtures. You need help to open your doors.
Lost business income
When you need to close for repairs after a covered event, insurance can help cover your financial losses.
Destroyed products or inventory
If your products or inventory get wiped out, the right coverage can help make you whole.
Smart insurance for retail store business in Minnesota
NEXT is 100% dedicated to small businesses and the self-employed. We customize insurance for retail store business so you have the coverage you need to protect your business. Coverage packages often include:
- General Liability
- Professional liability
You can save up to 25% on retail store business insurance in Minnesota*
You can pay for your insurance monthly or annually and you can cancel instantly at any time.
Basic
Lowest Price
General Liability
Per occurrence
$500,000
Professional Liability (E&O)
Per occurrence
$250,000
Pro
Most Popular
General Liability
Per occurrence
$1 million
Professional Liability (E&O)
Per occurrence
$1 million
Pro Plus
Best Coverage
General Liability
Per occurrence
$1 million
Professional Liability (E&O)
Per occurrence
$1 million
Find the right retail store business insurance in Minnesota
We have all the business insurance you might need for your retail store business in Minnesota. And you save up to 10% when you bundle two or more policies.
General Liability
Protection for the injuries, accidents and damage you cause
General liability insurance provides financial protection if an accident happens at your retail store business, such as a customer injury or damages to someone’s property. It also provides coverage if you have to defend an accusation of libel or slander.
general liability can help you pay for:
Medical payments
Property damage
Legal fees and judgments
Professional Liability (E&O)
Coverage against business mistakes and claims of negligence
Professional liability insurance (also known as errors and omissions) helps you defend yourself if you’re accused of making a mistake that causes someone to lose money. For example, if you are accused of not honoring a refund on an expensive necklace, it could help cover related expenses to defend yourself even if you did nothing wrong.
professional liability can help you pay for:
Professional negligence (actual or alleged)
Legal defense costs
Legal judgments
How much does it cost to get retail store insurance in Minnesota?
The exact amount that a retail store business can expect to pay for business insurance depends on a number of factors, including:
- The kind of work you do
- How many employees you have
- How long you’ve been in the industry
Business insurance typically costs a retail store business in Minnesota about $20 each month.†
You automatically save 10% if you combine more than one type of policy together. For example, if you add a commercial property policy to your existing general liability policy, you’ll save 10% right off the bat.
What are the retail store insurance requirements in Minnesota?
From your first day of business to your latest employee hire, NEXT is here to help your business thrive. Our flexible small business insurance provides the protection you need to get going and keep on growing. You might need insurance to:
- Hire people. Minnesota business requires workers’ compensation if you have employees.
- Repair or replace property you own or rent. Protect your inventory, equipment and even the building that you lease or own.
- Meet industry standards and state requirements for a retail store business.
- Grow with your business as you experience fluctuations.
Frequently asked questions about retail store business insurance
Here are some of the most common questions we get about retail store business insurance. If you don’t find the answers you need here, our licensed, U.S.-based insurance advisors are standing by to help via online chat or phone.
Does NEXT Insurance offer retail store business insurance in Minnesota?
Yes, NEXT Insurance offers tailored retail store business insurance in Minnesota.
Does NEXT Insurance offer Commercial Property coverage for retail store business in Minnesota?
Yes, NEXT Insurance offers General Liability and Professional Liability coverage for retail store business in Minnesota.
What are some examples of types of business insurance protection for retail shops?
NEXT’s retail shop policies can help protect your business from a variety of risks and financial losses related to:
Damage to someone else’s property
The paint you sell on Amazon explodes in a customer’s bedroom, ruining the carpet and drapes. Your general liability policy could help pay for the damages.**Accidents that hurt someone
A customer falls and breaks their arm inside your retail store. Your general liability coverage or BOP insurance could help pay for medical costs and legal fees.Damage to your own property and inventory
Vandals tag your storefront, break a window and steal some business laptops and products. Commercial property insurance could help with replacement or repair.Accidents involving your business vehicles
You have a fender bender on the way to a client’s office. Commercial auto insurance could help pay for the damages.Workplace illness or injuries
Your employee falls off a step stool and twists an ankle — and now you’re down a worker for several weeks. Workers’ compensation insurance can help cover medical bills and lost wages.How can I get a certificate of insurance (COI)?
Once you have a NEXT policy, you’ll have 24/7 access to proof of your insurance (also called a certificate of insurance, or COI) via web or app. Log in to your account, download your COI instantly or deliver it via email or text at no additional cost. Get unlimited certificates and add an additional insured as you need them.
What do I need to get an insurance quote online?
It takes about 10 minutes to get a business insurance quote online with NEXT. We’ll ask a few questions about your business — like what you do, your location, how many people you employ and the vehicles you use for work.
You’ll choose your options and see prices. If you like what you see, you can buy online and get a certificate of insurance (proof of insurance) on the spot.
How do you file an insurance claim with NEXT?
If you’re a policyholder, simply log in to your account and file a claim. We’ll contact you shortly to go over the details. Our support team is standing by to help.
Get customized insurance wherever you do business
Learn more about insurance options in the states where you work.
Coverage on-the-go for policyholders
Manage your policies, send and create certificates of insurance, or file a claim with our app.
More professions that are covered by NEXT
Amazon Seller, Arts and Crafts Store, Bike Shop, Bookstore, Candle Store, Candy Store, Clothing Store, Convenience Store, E-commerce, Electronics Store, Fabric Store, Florist, Furniture Store, Hardware Store, Hobby Shop, Jewelry Store, Laundromat, Luggage Store, Medical Supplies Store, Pawn Shop, Retail Store, Toy Store
* To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary and are subject to change. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.