Protecting your grocers business
Running a grocers carries risks and responsibilities for all those involved, from staff to suppliers to customers and neighbours. Whether you’re running a greengrocers shop, a newsagent or convenience store, the right insurance could be the saviour of your business if disaster strikes. So which covers are most important? And how could they protect your livelihood? We’ve looked at some of the most important covers that can be included within your grocers insurance to help you think about the risks involved. After all, you never think the worst will happen to you; but can you afford not to have insurance if something went wrong?
Grocers liability insurance
One fundamental aspect of your grocers insurance is liability cover. With customers, suppliers and clients visiting your premises daily, you need public liability insurance to cover medical and legal costs as well as any claims for compensation should someone have an accident at your business premises.
Likewise you will need to ensure the safety of your employees while they are at work. If you’re an employer you are legally required to have employers’ liability to protect your staff while they are at work. Accidents happen when you least expect and compensation claims can be costly. By including this within your insurance policy you can work safe in the knowledge that should something happen, your business is protected. This element of cover is required by law even if your staff work on a casual basis, and without employers’ liability in place your business could be fined for each day you’re not covered.
Grocers property cover
Taking care of your liability towards others involved in your business is essential; but so is protecting your property. Buildings and contents can typically be included within your grocer’s insurance policy to protect against perils such as fire, flood, storm and theft. Your insurance policy can also include cover for your shop front and windows as well as additional security features such as alarms and shutters.
Business interruption insurance for grocers
Additionally, business interruption should be considered to compensate for loss of income if you suffer damage to your business property. If you had a fire or flood that forced you to stop trading for a while, this invaluable cover could pay your fixed expenses and cover your loss of profit while you get back on your feet. It’s important to consider how long it would take you to get back up and running if for instance everything was destroyed in a fire. This cover could be the lifesaver of your business following a major disaster.
Grocers legal protection
Most insurers nowadays will include commercial legal protection within their grocers insurance policy offering protection against a number of events such as tax and VAT disputes, commercial tenancy disputes and much more.
Comprehensive grocers insurance
All of these covers can typically be combined into one easy to buy grocer insurance package with other additional covers included, such as money, goods in transit, freezer contents and much more. Talk to our advisors for professional insurance recommendations tailored to your business, or if you know the covers you need you can protect your business online in a matter of minutes.