Best Business Insurance for Furniture Stores in 2025 (Top 10 Companies)
Nationwide, The Hartford, and State Farm provide the best business insurance for furniture stores with up to 20% discounts and monthly rates starting at $150. Discover why they're the best choice for furniture stores, offering tailored coverage, competitive pricing, and comprehensive protection against risks.
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Table of Contents
Table of Contents
Licensed Insurance Agent
Brandon Frady has been a licensed insurance agent and insurance office manager since 2018. He has experience in ventures from retail to finance, working positions from cashier to management, but it wasn’t until Brandon started working in the insurance industry that he truly felt at home in his career. In his day-to-day interactions, he aims to live out his business philosophy in how he treats hi...
Brandon Frady
Licensed Insurance Agent & Agency Owner
Tracey L. Wells is a licensed insurance agent and Farmers insurance agency owner with 23 years of experience. He is proud to be a local Farmers agent serving Grayson, Georgia and surrounding areas. With experience as both an underwriter and agent, he provides his customers with insight that others agents may not have. His agency offers all lines of insurance including home, life, auto, RV, busi...
Tracey L. Wells
Updated January 2025
3,071 reviewsCompany Facts
Full Coverage for Furniture Stores
A.M. Best Rating
Complaint Level
Pros & Cons
3,071 reviews
765 reviewsCompany Facts
Full Coverage for Furniture Stores
A.M. Best Rating
Complaint Level
Pros & Cons
765 reviews
18,155 reviewsCompany Facts
Full Coverage for Furniture Stores
A.M. Best Rating
Complaint Level
Pros & Cons
18,155 reviews
Nationwide’s superiority lies in its ability to offer competitive rates, extensive coverage options tailored to the unique risks of furniture retail, and personalized solutions that address the specific challenges faced by businesses in this industry.
Our Top 10 Company Picks: Best Business Insurance for Furniture Stores
| Company | Rank | Combined Coverage Discount | Loyalty Discount | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | 12% | 8% | Comprehensive Coverage | Nationwide |
 | #2 | 15% | 10% | BOP Protection | The Hartford |
 | #3 | 10% | 5% | Local Support | State Farm |
 | #4 | 8% | 10% | Equipment Protection | Progressive |
 | #5 | 10% | 7% | Property Coverage | Liberty Mutual |
 | #6 | 10% | 8% | Versatile Solutions | Travelers |
 | #7 | 12% | 7% | Risk Management | CNA |
 | #8 | 10% | 6% | Asset Protection | Chubb |
 | #9 | 8% | 5% | Tailored Solutions | Farmers |
 | #10 | 10% | 6% | Local Presence | Allstate |
By choosing Nationwide, you not only safeguard your furniture store against unforeseen events but also gain access to a dedicated team of experts committed to ensuring your peace of mind and long-term success.
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- Top insurer Travelers offers competitive rates, starting at $150 per month
- Tailored coverage for furniture businesses’ unique risks
- Comprehensive protection against furniture-related property damage and liability
#1 – Nationwide: Top Overall Pick
Pros
- Comprehensive Coverage: Offers a wide range of protection for businesses.
- Competitive Rates: Provides a 12% discount on insurance rates.
- Nationwide Presence: Nationwide insurance’s review & ratings highlight its well-known nationwide coverage and dependable customer assistance.
Cons
- Moderate Local Presence: May lack a strong local presence compared to some competitors.
- Limited Specialization: Focus on comprehensive coverage might mean less specialization in certain niche areas.
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#2 – The Hartford: Best for Business Protection
Pros
- BOP Protection: The Hartford insurance’s review & ratings show the company has customized coverage for Business Owner’s Policy.
- Competitive Discounts: Offers a 15% discount on insurance rates.
- Tailored Solutions: Focuses on providing customized solutions based on business requirements.
Cons
- Limited Local Support: May have limited local support compared to some competitors.
- Niche Focus: Specialization in BOP might limit the range of services for certain types of businesses.
#3 – State Farm: Best for Local Care
Pros
- Local Support: Emphasizes local support, ensuring a strong presence in various communities.
- Competitive Rates: State Farm insurance review & ratings highlight the company’s personalized coverage options, which include a 10% discount on insurance premiums.
- Nationwide Coverage: Provides coverage across the nation while maintaining a local touch.
Cons
- Moderate Specialization: May not have the same level of specialization as companies with a more niche focus.
- Limited Global Presence: The emphasis on local support might mean a limited global presence.
#4 – Progressive: Best for Business Asset Shield
Pros
- Equipment Protection: Specializes in equipment protection.
- Competitive Rates: Progressive Insurance review & ratings highlight the company’s customized coverage, providing an 8% reduction in insurance premiums.
- Innovative Solutions: Known for its innovative and forward-thinking approach to insurance.
Cons
- Limited Focus: Specialization in equipment protection may not appeal to businesses with diverse needs.
- Less Comprehensive Coverage: May not offer as comprehensive coverage as some other competitors.
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#5 – Liberty Mutual: Best for Property Assurance
Pros
- Property Coverage: Liberty Mutual review & ratings demonstrate the company’s customized coverage, offering thorough and comprehensive analysis and evaluations of insurance products.
- Competitive Rates: Offers a 10% discount on insurance rates.
- Nationwide Presence: Provides coverage across the nation with a strong network.
Cons
- Moderate Local Presence: While nationwide, may not have as strong a local presence in certain areas.
- Less Versatile: Specialization in property coverage may limit the versatility of solutions offered.
#6 – Travelers: Best for Traveling the Extra Mile
Pros
- Versatile Solutions: Travelers insurance review & ratings show the company’s customized coverage, offering highly flexible and versatile insurance solutions tailored to meet diverse needs.
- Competitive Rates: Offers a 10% discount on insurance rates.
- Nationwide Coverage: Provides coverage across the nation, ensuring broad accessibility.
Cons
- Moderate Specialization: May not have the same level of specialization as companies with a more niche focus.
- Less Local Presence: The focus on nationwide coverage might mean less emphasis on local support.
#7 – CNA: Best for Ensuring Resilience
Pros
- Risk Management: Specializes in risk management, offering expertise in minimizing business risks.
- Competitive Rates: CNA insurance review & ratings highlight the company’s customized coverage, featuring a 12% rate discount to enhance affordability for policyholders.
- Asset Protection: Focuses on protecting business assets, ensuring comprehensive coverage.
Cons
- Limited Local Presence: May not have as strong a local presence compared to some competitors.
- Specialized Focus: The emphasis on risk management may limit the range of services for certain businesses.
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#8 – Chubb: Best for Global Business Assets
Pros
- Asset Protection: Specializes in asset protection.
- Competitive Rates: Chubb insurance review & ratings highlight the company’s customized coverage, offering a significant 10% discount on insurance rates for enhanced affordability and value to policyholders.
- Global Presence: Known for its global reach, providing coverage on an international scale.
Cons
- Limited Local Presence: The global focus may mean less emphasis on local support.
- Higher Premiums: While offering comprehensive coverage, premiums may be higher compared to some competitors.
#9 – Farmers: Best for Business Coverage
Pros
- Tailored Solutions: Focuses on providing tailored solutions based on individual business needs.
- Competitive Rates: Offers an 8% discount on insurance rates.
- Local Presence: Farmers insurance review & ratings showcase the company’s customized coverage, reflecting its strong local presence and guaranteeing robust community backing and support.
Cons
- Moderate Specialization: May not have the same level of specialization as companies with a more niche focus.
- Limited Global Presence: The emphasis on local support might mean a limited global presence.
#10 – Allstate: Best for Local Business Success
Pros
- Local Presence: Emphasizes a local presence, ensuring strong community support.
- Competitive Rates: According to Allstate insurance review & ratings, it demonstrates the company’s customized coverage by providing a 10% reduction in insurance premiums.
- Diverse Solutions: Known for providing diverse insurance solutions catering to various business needs.
Cons
- Moderate Specialization: May not have the same level of specialization as companies with a more niche focus.
- Limited Global Presence: The emphasis on local support might mean a limited global presence.
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Safeguarding Your Furniture Store: Protecting Your Property
Safeguarding your furniture store property is crucial to ensure the continuity of your business and minimize potential financial losses. Here are some key aspects to consider when it comes to protecting your property.
Business Insurance Monthly Rates for Furniture Stores
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| Allstate | $125 | $210 |
| Chubb | $140 | $250 |
| CNA | $135 | $230 |
| Farmers | $130 | $220 |
| Liberty Mutual | $130 | $220 |
| Nationwide | $120 | $200 |
| Progressive | $120 | $200 |
| State Farm | $125 | $210 |
| The Hartford | $130 | $220 |
| Travelers | $125 | $210 |
Considering the monthly rates for business insurance from various providers is essential for making an informed decision about protecting your assets.
- Property Insurance: Essential for any furniture store, covering repairs or replacements in case of fire, vandalism, or theft.
- Security Measures: Install cameras and alarms to deter criminals and alert authorities in case of break-ins.
- Inventory Management: Keep accurate records for security and insurance purposes, ensuring all items are valued correctly.
Ensuring the safety and security of your furniture store involves a multifaceted approach that includes property insurance, security measures, inventory management, fire prevention, regular maintenance, and disaster preparedness.
- Fire Prevention: Install smoke detectors and fire extinguishers to protect against fire hazards.
- Regular Maintenance: Conduct routine checks on your store’s roof, plumbing, and electrical systems.
- Disaster Preparedness: Develop a comprehensive plan with evacuation procedures and emergency contacts for natural disasters or severe weather events.
When it comes to insuring your furniture store, it’s crucial to understand that each business is unique, and the risks they encounter can vary. Consulting with a specialist in commercial property insurance, as outlined in “Commercial Insurance: A Complete Guide,” can assist you in assessing your specific needs and customizing your coverage accordingly.
Securing Your Furniture Store Operations: Essential Insurance Coverage
Liability Insurance is a crucial safeguard for furniture stores, providing protection against various risks such as property damage, bodily injury, and advertising mistakes. In this guide, we’ll explore the key components of liability insurance for furniture stores, discuss franchise insurance requirements, and delve into measures for protecting customer data.
- Liability Insurance: Is essential for furniture stores, covering property damage, bodily injury, and advertising mistakes. Components include General Liability (for on-premises incidents), Product Liability (for faulty furniture), and Completed Operations (for post-service issues). For additional details, explore our comprehensive resource titled “Liability Insurance: A Complete Guide.”
- Franchise Rules: Dictate insurance compliance to protect business interests and maintain partnerships. Consider Franchise Insurance Endorsements, Property and Liability Coverage, and Brand Protection for reputation safeguarding.
- Stolen Personal Information: With the increasing prevalence of data breaches and cyberattacks, protecting your customers’ personal information is crucial. Furniture stores often collect sensitive data during the sales process, including credit card information and personal details.
Protect customer data with Cyber Liability Insurance for data breaches, robust security measures, and compliance with data protection regulations like GDPR or CCPA. Consulting an experienced insurance professional can help tailor coverage to your furniture store’s specific risks.
Ensuring adequate liability insurance coverage, meeting franchise rules, and implementing strong data protection measures are vital steps for the success and security of furniture stores.
Jeff Root Licensed Life Insurance Agent
Consulting with an experienced insurance professional can help you navigate these complexities and tailor insurance solutions to suit your specific needs and risks.
Ensuring the Safety of Your Furniture Store Team
Your employees are a valuable asset to your furniture store, and their well-being should be a top priority. Adequate insurance coverage can help protect both your employees and your business from various risks. Here are some key areas to consider:
- Workers’ Compensation Insurance: Essential for furniture stores, covering medical expenses, lost wages, and rehabilitation costs for work-related injuries or illnesses.
- Employee Training and Safety Programs: Implement comprehensive safety protocols and training to minimize accidents. Conduct regular safety meetings, provide equipment training, and promote a safety-conscious culture.
- Ergonomic Practices: Reduce musculoskeletal risks with ergonomic furniture, proper lifting techniques, and regular breaks to prevent fatigue.
What is included in health insurance coverage? Encouraging the well-being of employees can enhance workplace safety and productivity. Explore options like providing gym memberships, health check-ups, and counseling services as part of wellness initiatives.
- Personal Protective Equipment (PPE): Provide necessary PPE and ensure proper usage.
- Employee Benefits: Offer competitive benefits for talent attraction and retention, enhancing well-being and job satisfaction.
Remember, protecting your furniture store team goes beyond insurance coverage. It involves creating a safe and supportive work environment that prioritizes employee well-being and fosters a positive team culture.
Regularly assess your safety protocols, address any hazards promptly, and encourage open communication with your employees to address their concerns and suggestions for improvement. By investing in your team’s protection and well-being, you contribute to the overall success and sustainability of your furniture store.
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Case Studies: Real-World Scenarios on Business Insurance for Furniture Stores
For furniture store owners, having the right insurance coverage is vital for protecting their business. Here are three brief case studies illustrating how tailored insurance solutions have helped mitigate risks and ensure the resilience of furniture stores in real-world scenarios.
- Case Study #1 – Assurance Shield: Fine Furniture Emporium faced a warehouse fire, jeopardizing its high-end furniture collection. With Nationwide’s Assurance Shield, owner Sarah Thompson received prompt assistance. Nationwide covered rebuilding costs, facilitating Fine Furniture Emporium’s recovery.
- Case Study #2 – Business Protection: Elegant Home Furnishings dealt with a customer injury lawsuit. The Hartford’s Business Protection covered legal expenses, ensuring financial stability and reputation preservation. For a comprehensive analysis, refer to our detailed guide titled “Personal Injury Protection (PIP) Insurance: A Complete Guide.”
- Case Study #3 – Liability Coverage: Modern Living Furnishings faced a cyber threat risking customer data exposure. State Farm’s Cyber Liability Coverage helped owner James Reynolds manage legal obligations and rebuild trust post-breach.
These cases underscore the need for tailored insurance to protect against property damage, liability, and cyber threats. Consult reputable providers to customize coverage for your furniture store’s specific risks.
Laura Walker Former Licensed Agent
Insurance is crucial for furniture store owners to protect their business. Here are three concise case studies demonstrating the importance of tailored insurance solutions in real-world situations.
In Summary: Business Insurance for Furniture Stores
Having the right insurance is crucial for your furniture store’s future. It covers property, operations, and team, including property, liability, workers’ compensation, and more. It helps recover from incidents like water damage and fires, protects against lawsuits and cyber risks, and supports employees in case of injuries.
Invest wisely to show commitment to your business’s well-being and consult with reputable providers for tailored coverage. Comprehensive insurance ensures resilience and a brighter future for your store.
With comprehensive business insurance, you can navigate challenges, mitigate losses, and secure a resilient future for your furniture store. Protect your business today to ensure a brighter tomorrow.
Enter your ZIP code into our quote comparison tool below to secure cheaper insurance rates for your business.
Frequently Asked Questions
What are some reputable furniture insurance companies to consider for my furniture store?
Reputable furniture insurance companies include Nationwide, The Hartford, and State Farm, offering tailored coverage options for furniture stores.
Enter your ZIP code into our quote comparison tool below to secure cheaper insurance rates for your business.
What types of property coverage are typically included in furniture store insurance?
Furniture store insurance typically includes coverage for the physical structure of the store, inventory, furniture displays, fixtures, equipment, and signage.
For additional details, explore our comprehensive resource titled “What is the difference between property owners liability insurance and public liability insurance?“
How does home furnishing stores insurance differ from insurance for furniture manufacturers?
Home furnishing stores insurance focuses on retail-related risks such as property damage to store premises, liability for customer injuries, theft, and inventory protection, while insurance for furniture manufacturers covers manufacturing-specific risks like product defects and supply chain disruptions.
Find the best commercial auto and truck insurance for your business needs by entering your ZIP code below into our free comparison tool today.
What are some key factors to consider when purchasing insurance for furniture manufacturers?
When purchasing insurance for furniture manufacturers, it’s essential to consider coverage options for equipment, product liability, business interruption, supply chain risks, and specialized endorsements tailored to the manufacturing process.
What cyber liability coverage options are available to protect against data breaches for furniture stores with online sales?
Furniture store insurance may offer cyber liability coverage options, assisting with costs related to data breach response, including customer notification, credit monitoring, and legal expenses.
To enhance your understanding, explore our comprehensive resource on business insurance titled “Best Business Insurance for Hardware Stores.”
What types of coverage are typically included in insurance for home furnishings stores?
Insurance for home furnishings stores typically includes coverage for various risks associated with retail operations, such as property insurance for store premises, liability insurance for customer injuries, product liability for faulty furniture, theft and vandalism protection, business interruption insurance, and coverage for inventory and store assets.
Does furniture store insurance offer protection against lawsuits related to product defects or injuries caused by furniture sold?
Furniture store insurance typically encompasses product liability coverage, shielding against lawsuits arising from product defects or injuries caused by sold furniture.
Are there additional coverage options available to protect furniture store owners against employee-related risks such as workers’ compensation claims?
Furniture store owners can consider additional coverage options such as workers’ compensation insurance, providing protection for employee-related risks including medical expenses and lost wages.
To expand your knowledge, refer to our comprehensive handbook titled “What is Worker’s compensation?“
Does furniture store insurance include coverage for business interruption due to unforeseen events like fire or natural disasters?
Furniture store insurance may incorporate coverage for business interruption resulting from unforeseen events like fire or natural disasters, aiding with lost income and ongoing expenses.
Is the best furniture insurance also inclusive of furniture installation, or do I need separate furniture install insurance?
The coverage offered by the best furniture insurance may vary. It’s important to review the policy details to confirm if furniture installation is included. Depending on the policy, you may require separate furniture install insurance for comprehensive coverage during installation activities.
What should I consider when comparing furniture insurance companies and furniture shop insurance policies?
What types of coverage does furniture manufacturing insurance typically include?
Why should you shop around for insurance quotes?
Why insurance is important?
What insurance does a furniture store need?
Why do furniture stores need insurance?
What is Commercial Umbrella Insurance, and how does it benefit furniture stores?
How do I get furniture store insurance?
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