Add to this the interruption of a business' activities, and the loss can be very expensive indeed. Our agency can show you the importance of carrying both coverages. No retailer is immune from retail theft. If such theft can't be entirely stopped, it can certainly be slowed by simple, inexpensive loss control. One good preventive measure is to establish closed-circuit televisions, although some retailers believe that this can alienate customers and employees.
Professional shoplifters have ways of distracting untrained employees, which can be guarded against.
Shoplifters like to be left alone, so staff people should offer assistance as much as they can without annoying honest customers. Also, consider lowering shelves and widening aisles, since shoplifters like crowded stores with plenty of hiding space. Clearing Up Coinsurance Coinsurance mystifies most people. But it shouldn't it simply requires insureds who don't fully insure their property to share in the losses. If you don't like mysteries, there is an optional coverage called Agreed Value.