Dart Store Insurance
Getting business insurance for your dart store is essential.
Dart stores need to be protected against claims involving unexpected events that can result in significant financial liability, such as personal injury, product liability, or breach-of-contract claims.
For example, a customer could sue your company for selling defective products, or a supplier could claim that you breached a contract.
We’ll help you find the most personalized and affordable coverage for your unique business.
Recommended: Next Insurance is dedicated to matching small businesses with the right policy at the best price.
Best Insurance for a Dart Store
General liability insurance is — generally speaking — one of the most important insurance policies for dart stores.
Some of the risks general liability insurance covers are:
- Bodily injury
- Property damage
- Medical payments
- Legal defense and judgment
- Personal and advertising injury
While it is true that general liability provides extensive coverage, it may also be advisable for your dart store to consider other policies that offer additional protection, such as:
- Commercial property coverage
- Professional liability insurance
- Commercial umbrella insurance
Business insurance providers generally come in two varieties: online companies and traditional companies.
Online companies sell policies over the internet using AI instead of human agents. Because of this, they have lower overhead than traditional insurers and can sell high-quality coverage for much less. It’s also usually faster to get a policy from an online insurer. These advantages make online insurers the best option for most small businesses.
By contrast, traditional insurers sell policies at physical locations using human agents. They sell high-quality insurance, so you can’t go wrong, but you may be paying more for the opportunity to interact with a live agent.
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Cost of General Liability Insurance
On average, dart companies in America spend between $400 - $1,100 per year for $1 million in general liability coverage.
Compare the average cost of general liability insurance for a dart store to other professional industries using the graph below.
Several factors will determine the price of your policy. These include your:
- Location
- Deductible
- Number of employees
- Per-occurrence limit
- General aggregate limit
You may be able to acquire general liability insurance at a discounted rate by purchasing it as part of a business owner’s policy (BOP) rather than as a standalone policy.
A BOP is a more comprehensive solution that includes multiple forms of coverage, such as business interruption and property insurance.
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Common Situations That General Liability Insurance May Cover for a Dart Store
Example 1: While a customer visits your shop to explore your inventory, he trips over a box, breaks an arm, and asks your company to pay for his medical treatment. General liability insurance would cover the customer’s medical bills.
Example 2: A competitor files a lawsuit against your business, claiming you committed libel. General liability insurance would pay for your legal defense and any damages awarded by a court.
Example 3: As an employee moves several boxes of darts on a cart, he loses control of the cart and it slams into a customer’s car. General liability insurance would cover the cost of repairing the customer’s property.
Other Types of Coverage Dart Stores Need
While general liability is the most important type of insurance to have, there are several other forms of coverage you should be aware of. Below are some of the most common types of coverage:
Product Liability Insurance
While you instruct customers on the safe and proper use of your products, there’s always the possibility that someone could hurt themselves or others while throwing darts. If someone claims your products caused them injury and files a lawsuit, product liability insurance would cover your legal fees and the cost of any settlement.
Workers’ Compensation Insurance
Most states require businesses to carry workers’ compensation insurance for their part-time and full-time employees. This coverage protects your employees if they become injured at work or fall ill after a work-related accident. It not only covers an employee’s medical bills and lost wages if they need time to recover but also any disability or death benefits stemming from a work-related accident.
Commercial Umbrella Insurance
While your general liability insurance policy covers most claims, some accidents or lawsuits may be so catastrophic that they threaten to exhaust the limits of your primary coverage. Commercial umbrella insurance protects you from paying out-of-pocket for any legal fees and awarded damages that exceed your primary policy.
Additional Steps To Protect Your Business
Although it’s easy (and essential) to invest in business insurance, it shouldn’t be your only defense.
Here are several things you can do to better protect your dart store:
- Use legally robust contracts and other business documents. (We offer free templates for some of the most common legal forms.)
- Set up an LLC or corporation to protect your personal assets. (Visit our step-by-step guides to learn how to form an LLC or corporation in your state.)
- Stay up to date with business licensing.
- Maintain your corporate veil.
Dart Store Insurance FAQ
Yes, absolutely. You will need to first get a quote from an online business insurance provider like Next Insurance. Next allows you to then purchase a policy immediately and your coverage will be active within 48 hours.
A typical business owner’s policy includes general liability, business interruption, and commercial property insurance. However, BOPs are often customizable, so your agent may recommend adding professional liability, commercial auto, or other types of coverage to your package depending on your company’s needs.
"Business insurance" is a generic term used to describe many different types of coverage a business may need. General liability insurance, on the other hand, is a specific type of coverage that business owners need to protect their assets.
In general, all companies should have business insurance before starting to operate. This includes a dart store. It’s not wise to take on all the financial risks of running a company without adequate financial protection.
Additionally, check to see if your state requires companies to hold any specific insurance. For example, it’s common to require workers’ compensation for employees.
Not necessarily. Certain exceptions may be written directly into your dart store insurance policy, and some perils may be entirely uninsurable.
Yes, an LLC is meant to create a legal barrier between your business and your personal assets and credit. If you haven’t formed an LLC yet, use our Form an LLC guide to get started.
An LLC doesn’t protect your business assets from lawsuits and liability– that’s where business insurance comes in. Business insurance helps protect your business from liability and risk.