LIBRIS

Several ABA member bookstores affected by last week’s hurricane are still working towards recovery. Among them are Bank Square Books, which has been closed due to severe flooding since last Monday, and New Jersey’s BookTowne, which has been closed for 10 days due to power failure.

Most bookstores will never have to deal with severe flooding, but for those in high-risk areas, FEMA’s National Flood Insurance Program offers coverage provided by national carriers that can be purchased through LIBRIS, the ABA insurance company, or another licensed broker.

Here are four good reasons why you should undertake a periodic review of your insurance, explained by ABA’s newest affinity partner, Asset MarketPlace.

ABA members are now eligible for individual and/or company-wide benefit packages through Asset MarketPlace that include expanded income replacement (DI) and life insurance options.

LIBRIS Business Insurance has announced the winners of its giveaway contest, held last month at BookExpo America in New York City.

 LIBRIS, the ABA insurance program, now provides member bookstore owners and their spouses with valuable Identity Fraud Expense protection from Travelers Insurance.

Internet sales are integral to many bookstores' operations, and LIBRIS (League of Independent Book Retailer Insurance Services) understands that. Following last month's Winter Institute, where much of the focus was on how to promote online and e-book sales, several booksellers asked LIBRIS to clarify the coverage provided by ABA's insurance program.  LIBRIS was developed to provide specialized coverage tailored to protect bookstores -- and that means insuring against Internet operations liability.

The American Booksellers Association has announced a near-record dividend for policyholders of its LIBRIS (League of Independent Book Retailer Insurance Services) insurance program. A dividend of three percent of a business' annual premium will be paid to participating ABA members at the end of February; non-ABA participants will receive a one percent dividend.

Whether your bookstore has many employees and locations, or it's just a two-person operation, having a basic accident and emergency control program is good business. Here, the insurance professionals at LIBRIS (League of Independent Book Retailer Insurance Services), the ABA-owned insurance company, offer nine elements that should be addressed by an effective risk management program: