New York Business Insurance to Combat Shoplifters

While Black Friday may be a good day for retailers, there are some for whom sales are just never enough. The New York Daily News recently noted that the ten most shoplifted items (according to the National Association of Shoplifting Prevention) include some surprises. This also acts as a reminder that every retailer should have New York business insurance in place because nearly anything can be a shoplifter’s target.

Unsurprisingly, iPhones and Nike sneakers were hot on the shoplifters’ must have list, but some other items were a little less obvious. These included Chanel No. 5 perfume, power tools, Tommy Hilfiger and Polo Ralph Lauren clothing and even the Let’s Rock Elmo doll (apparently toys listed on Toys ‘R Us’ “Hot Toys” list are commonly stolen). Every retailer is wise to keep an eye on advice and information from the National Association of Shoplifting Prevention and to try and ensure his or her store has good security procedures in place.

New York business insurance will cover thefts and burglary, and there are a range of other policies that can be useful for retailers. Always speak to a professional insurance agent for advice to ensure you are covered for stock losses that result from shoplifting.
 

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