Shop Insurance
Retail shops can be exposed to a great deal of risk. An unexpected loss can affect your business’s short and long-term financial health. Therefore, it’s absolutely vital you have shop insurance in place to protect your retail outlet from such risks.
Your shop insurance policy can be tailored to suit your individual business needs. Shop insurance is suitable for a variety of establishments including florists, salons, newsagents, fast food outlets, take aways, bakeries and coffee shops.
Key Benefits
- Contents, and fixtures and fittings – insure the contents and physical fixtures and fittings of your shop (including shop counters and cash registers) against any loss or damage
- Seasonal increase in stock – provides protection for increased stock levels against loss or damage during busy seasonal periods of business.
- Business Interruption - protect your retail outlet against the loss of profits resulting from unforeseen events such as fire or flooding
- Public Liability - ensures that your legal liability is covered. For example, accidental injury to your customers, property damage etc...
- Employers Liability - covers your businesses’ legal liability for any injury that occurs to your employees whilst at work
- Shop Buildings insurance – insure your premises against unforeseen damage (can include outbuildings, walls, gates and fences)
Optional Extras
- Inflation protection – cover can be provided that allows for an automated increase in the sums you have insured for, in line with increases in inflation
- Goods in transit - provides cover on stock or goods that is damaged or stolen whilst in transit
- Trade stock – insurance against loss or damage to goods (includes goods in trust, work in progress and finished goods)
- Loss of licence - if your shop licence is revoked or suspended or refused renewal, your insurance can protect you against any deprecation you experience with regards the value of the licensed premises
