PreferredVerified Q1 2026
Source: The Hartford — Retail Insurance
The Hartford: Retail Stores Insurance Appetite
Retail is one of The Hartford's core small commercial segments. Their Spectrum BOP includes built-in data breach coverage that many competitors charge extra for — a meaningful selling point for retailers processing credit cards. The Hartford publishes specific appetite guides for retail SIC codes, showing targeted interest in most mainstream retail classes. This is a go-to market for small retail accounts under $5M revenue.
Available Lines
| Line of Business |
|---|
| Business Owners Policy (BOP) |
| General Liability |
| Commercial Property |
| Workers' Compensation |
| Commercial Auto |
| Umbrella/Excess |
| Cyber Liability |
| Employment Practices Liability |
Premium Range
$1,500-$12,000
Typical annual premium
Target States
48 states + DC (excludes AK, HI)
Key Features
- Spectrum BOP is purpose-built for retail with broad property coverage for inventory, fixtures, and leasehold improvements
- Data breach coverage included as a standard BOP component — critical for retailers handling payment card data
- Over 200 retail SIC codes are eligible including gift shops, clothing stores, sporting goods, furniture stores, and auto parts
- BOP discount up to 10% when bundled with workers' compensation insurance
- Average BOP cost of $141/month for clothing stores — highly competitive for small retailers
Limitations
- Cannabis-related retail is excluded nationwide
- E-commerce-only businesses without a physical retail location may not be eligible for the standard BOP
- Firearms and ammunition retailers face additional underwriting requirements
Compare Other Carriers for Retail Stores
Progressive CommercialPreferred
$1,500-$8,000
TravelersStandard
$2,500-$12,000
CNAStandard
$3,000-$15,000
HiscoxStandard
$500-$4,000
ERGO NEXT InsurancePreferred
$500-$4,000
EMPLOYERS HoldingsPreferred
$800-$5,000
AcuityStandard
$2,000-$12,000
Erie InsuranceStandard
$2,000-$12,000
biBERKPreferred
$1,500-$8,000
AmTrust Financial ServicesPreferred
$1,500-$10,000
BTISStandard
$1,500-$8,000
Pie InsurancePreferred
$800-$5,000