Grocery Stores
If you own and operate a grocery store, it is vital that you have the right insurance coverage in place from the very beginning. Obtaining proper grocery store insurance is the best way to protect you as the owner, your employees, your inventory as well as your customers. In order to purchase the coverage that will best meet your needs as a grocer, you need to consult with a qualified insurance agent like Larry Trapini, who will help you determine the best insurance options for your store.
Property Insurance
You will need to include property insurance as a part of your grocery store insurance plan in order to make certain that the buildings that you own, your business property and your inventory are adequately protected against physical damage or loss.
If the building that houses your grocery store is not owned by you, you will still need proper insurance to cover the contents of the building. With most grocery store policies, the property insurance for contents will include fixtures, furniture, inventory, equipment in the office and any other supplies that you keep stored at the facility or even off the premises.
You have the option to obtain insurance that will pay the cost of replacement, or you can choose to insure your property for actual cash value. Keep in mind that actual cash value will only pay you for the depreciated value of your property.
If you choose to insure your property for the replacement cost, you can expect your premium costs to be higher. However, with this option, you will be able to recover your business from a loss much quicker. The reason for this is that you will be able to replace your damaged or lost property with all new items. If some of the equipment that you use for your business...
... middle of paper ...
... of the products or services that you provide
• Contractual liability – protection that extends to a variety of contract in which you may enter
• Medical payments – covers the medical expense or funeral expenses for someone injured on your business site
• Non-owned and hired automobiles – protection against damages and loss that may occur when a rented vehicle or a vehicle owned by an employee is involved in an accident while conducting business for your grocery store
• Personal injury – covers the cost of personal injury when you are accused of slander, libel, etc.
These are only a few of the coverage types that you should consider adding to your grocery store insurance policy. When you click on the quote request button, you will be well on your way to obtaining the protection of the business you have built and the peace of mind that you need to run it efficiently.
The term “small world phenomena” can be defined as the principle that all people are linked by short chains of acquaintances. Both Stanley Milgram and Duncan Watts can be accredited with the discovery and affirmation of this principle. The idea came to Milgram after numerous observations that when at a party or a large social gathering, strangers often meet and end up talking about who they know. Usually, it isn’t long until they realize that they both know someone in common. Milgram wanted to find
Threats of New Entrants are Low in the Grocery Store Industry There are significant barriers to entry in the grocery store industry that prevent new entrants from taking market shares from preexisting giants, such as Kroger and Whole Foods. Economics of scale are prevalent in this industry, forcing any potential competitors to overcome large upfront costs to be able to compete in terms of pricing. In addition, there are strong exit barriers. Companies have large investments in property, inventory
ustralian groceries market was very fragmented during the 19th century and was typically solely operated, region specific and served a very small community. Improvements came about in the 20th century with the development of supermarkets which provided one stop shop for its customers (Deloitte, 2012). The supermarket and grocery sector is a major contributor to the retail turnover of Australia, (Alexander) with revenues in excess of A $ 80 Billion in 2013-2014 contributing to a little over 7% of
stamps are most popular benefit among the low income Americas. Food stamp recipients has hit record high in the recent years, and roughly 40 million Americans received food stamps benefits. Recipients can purchase their food from stores by using EBT debit card which most stores accept. Tobacco, alcohol, lottery, and prepared food are exceptional when it comes to food purchase. The purpose of the food stamps, is to encourage low income families who are struggling financially to purchase nutritious food
One Stop Grocery Introduction One stop grocery has a clear business objective to develop, produce, promote and distribute produce, pharmacy, body care, and meats products and services. These products and services have been developed over 1 with a core focus on addressing the key customer problem and associated opportunities. One stop Grocery will retail an extensive variety of strong products and non – solid merchandise at moderate costs from various brands. We will participate in retailing
participants of the Senior Kit program that just wanted to give back. When I would go to the sites to help hand out the boxes they would all be in impoverished areas. When I was driving to the site the closest thing I saw to a grocery store in the area was a liquor store and a 99 cent store. The majority of the people I saw were overweight. It definitely
the characters in The Winter of Our Discontent who experienced life altering complications. Obviously for Mr. Marullo deportation was his fate, he had built a life in America and had given Ethan his job, “offer[ing] Ethan advice on how to run the store” which was a grand part of the solution (www.enotes.com). As for Marullo he would have to start over in his homeland, which he has not been to in years and knows no relatives. Even as he faced the unknown, he plead guilty and took his punishment with
teenage daughter was lacking interest to become a chauffeur. A nourishing teenager driving herself the opposite way from obtaining a Michigan drivers license. There has to be an explanation in this universe for her reasons, Right? On an ordinary luminous Saturday afternoon, I went grocery shopping with my mother, my Aunt Simona, and my cousins. We went to a couple grocery stores
the next step is to put them together in a security plan book, or master plan, which shows accurate budgeting for the controls and measures being proposed. Embracing the need for a well thought-out security plan book can make the difference in obtaining resources once a security event occurs. Rather than emailing the staff about the organizations risk people should be prepared so if a question about security needs comes from management, your response will be that you understand the
achievements which contained 45 stores the size of them ranging between 5000 to 20000 Square feet during 7 chains small size. Then in 2001 the whole foods market enter the Atlanta market by getting Harry’s Market that help it to enter the
communities and health care organizations. There are a number of ways to improve eating habits and encourage healthier choices. Making healthier foods accessible in groceries stores is one example. Our First Lady, Michelle Obama used the following quote during her speech in Chicago to call attention to the lack of healthy food stores in some communities in Chicago. She proclaims that it is a community matter and every one must be involve to make changes. Without change in the community individuals
coffee chains in the world. As of 2015, the company has chains in 50 countries with more than 22,500 stores in operation (Starbucks Corporation, 2017). The 70 stores located in Australia are focal point stores, which focus/tailor to improving the marketing strategy, customer service, and testing of new products to differentiate the company from the competition. Coffee is their primary business, so obtaining high-quality coffee beans from the nations that produce this product is important. Not only does
Recommendation Working with upscale specialty restaurants would be the best strategy for Planet Shrimp at its current level of production. Again, since Planet Shrimp is a new and growing company, its primary goal is working towards its strategic vision, so the alignment with strategic vision is rated the most highly. Restaurants with existing passion for sustainability and local fare is strongly aligned with Planet Shrimp’s strategic vision and will leverage the brand reputation. It will be the most
threefold approach which includes providing excellent customer service, ensuring superior store conditions and creating value to the customer, every day”(Sprout Farmers Market, 2014). With this approach Sprouts will be able to reach its objectives by becoming a profitable and competitive grocer. In 2002, Sprouts started a single store in Chandler Arizona
Sales Force Sales Force (SF) is an important aspect to any company’s success. In the past, we have known to associate SF with aggressive selling, as that was their main approach in obtaining revenue for many companies. Technological advances have changed the way companies utilize its SF. However, SF remains to be a direct link between customers and companies as they are the face associated with the brand (Kotler& Keller, 2012, p. 554). Companies must set attainable objectives and strategies that