Insurance for shops
Business insurance for shops is designed to cover high street shops, businesses based in shopping centres, and other retail outlets. The nature of a retail business presents a number of risks, and as a shop owner you have a responsibility to your customers, employees and suppliers, so shop insurance is a must for any retail owner.
Shop buildings and contents cover
Your trade will determine covers that are most relevant to you. Your buildings, equipment and stock will need covering, or you may just want shop contents insurance if you are leasing your premises. There are a number of other covers to consider when placing your commercial shop insurance. For example, if you own a convenience store, you may be selling alcohol, in which case loss of licence cover would be an important part of your business insurance. On the other hand, if you were a florist, then automatic seasonal increase cover for stock should be considered.
Shop liability cover
With members of the public and suppliers regularly visiting your premises, public liability cover is essential. Accidents can happen when you least expect, no matter how careful you are. Having cover in place to safeguard against these unforeseen events is a crucial part of your business continuity. If someone tripped over and sustained an injury, you may be liable to pay compensation. Public liability insurance can take care of this for you.
As an employer, even if you only have part time staff, you are legally required to insure against any accidents your staff may sustain whilst working for you. Both employers' liability and public liability cover are typically combined to form part of a retail shop insurance package, designed to protect you against a host of possibilities that could have a financial impact on your business.
Business interruption cover for shops
Whatever your shop insurance needs, the ability to continue to trade following an incident and get back on your feet as quickly as possible is crucial. Business interruption cover can take care of this eventuality, so if your property is damaged following an insured event, your income and expenses would be protected while you get back up and running.
After many years of arranging shop insurance, we understand the types of risks retailers face on a daily basis. This experience allows us to source the covers you need to protect your business.
Shop insurance brokers
It’s simple to get competitive shop insurance quotes online for your retail business if you know your insurance requirements. However, if you need advice on the level of cover you need, call us and we’ll be happy to help you make the right decisions for your retailer insurance.