What Kind of Insurance Do I Need for a Hardware Store?
- Nate Jones, CPCU, ARM, CLCS, AU
- 5 days ago
- 2 min read
Starting a hardware store is a great way to serve contractors, homeowners, and DIYers with essential tools and building supplies. But like any retail business, it comes with risks from customer injuries to property damage and theft. That’s why having the right hardware store insurance is critical to protecting your investment and ensuring long-term success.
In this guide, we’ll break down the types of insurance coverage hardware store owners need, and how Wexford Insurance can help you find the right policy tailored to your business.
Why Insurance Is Essential for Hardware Stores
Hardware stores deal with:
High-value inventory
Frequent customer traffic
Equipment and delivery vehicles
Employee safety risks
Without proper insurance, a single accident or disaster could lead to major financial loss. That’s why working with a niche-focused agency like Wexford Insurance is key—we specialize in insurance for businesses that sell tools, building supplies, and contractor essentials.
Types of Insurance You Need for a Hardware Store
This is the foundation of your coverage. It protects your business from:
Customer injuries (e.g., slips and falls)
Property damage caused by your operations
Legal fees and settlements
Your store’s building, inventory, shelving, and fixtures are valuable assets. This policy covers:
Fire, theft, vandalism
Storm damage
Equipment breakdowns
If you have employees, this coverage is legally required in most states. It protects your business by covering:
Medical expenses for work-related injuries
Lost wages
Rehabilitation costs
If you use vehicles for deliveries or supplier pickups, this policy covers:
Accidents involving business vehicles
Vehicle damage and liability
Medical expenses for drivers and passengers
Hardware stores rely on equipment like forklifts, POS systems, and power tools. This policy protects against:
Theft
Accidental damage
Equipment breakdowns
Why Choose Wexford Insurance?
At Wexford Insurance, we specialize in insurance for hardware stores and contractor supply businesses. We work with top-rated carriers to find coverage that fits your store’s size, location, and operations.
Whether you’re just starting out or expanding, we’ll help you:
Understand your risks
Customize your coverage
Stay compliant with local regulations
Final Thoughts
Running a hardware store is a smart business move—but only if you’re protected. From customer injuries to inventory loss, the right insurance safeguards your store and keeps your operations running smoothly. Partner with Wexford Insurance to get coverage designed specifically for hardware store owners.
📞 Ready to protect your hardware store?
Contact Wexford Insurance for a free consultation.
