It is vital to insure your shop contents against loss, damage or interruption to your business.
Shop insurance is crucial in terms of providing protection for shop owners against possible financial losses due to various reasons.
A tailored shop insurance policy provides shop owners with peace of mind regarding their enterprises.
There is a shop insurance policy that is just right for you, whether you are a hairdressers or a beauty salon.
Benefits of shop insurance
It is crucial that you have cover for loss of profits due to insured events such as fire or flood.
You can also obtain cover for cover for cash, goods in transit and glass breakage.
Furthermore, you can get cover for legal expenses so that you are able to defend your legal rights in situations where there are tax enquiries and employee disputes.
Moreover, you are able to customise your policy to include all risks to specified equipment, optional cover for your business equipment when you are away from your premises anywhere in the UK, as well as loss of licence cover which provides you with optional protection against loss of income.
What can be covered by a shop insurance policy?
What you get with standard shop insurance cover is public, product and employers liability insurance.
You can be insured for having an ATM machine on your premises in which you fill the cash or this is done by a third party business.
Should you sell alcohol you can obtain insurance protection for the stock, as well as ‘loss of licence’ cover to provide you with adequate business protection.
Staff theft cover proves crucial for many shops. However, family run businesses do not need this cover on the whole. Staff theft cover is an optional extra within your shop insurance quote.
You can also get cover for goods in transit. This cover feature offers you protection for your stock and contents against loss or damage whilst in transit in a vehicle that is owned by you or by your retail business.
Shop front cover is another vital cover feature as it provides you with protection in case of breakage to your costly glass frontages or shutter systems. The majority of landlords are adamant that this feature is part of their cover. Hence, this feature is usually a standard one in most shop insurance policies.
So whether you are a clothes shop, a beauty salon, a pet shop, an art shop, a dry cleaner, a fish and chip shop, a pub, a bakery, a florist, a restaurant, a computer shop, an IT retailer, a cycle shop, a cafe, a coffee shop, a hardware store, an off licence, a newsagent, an optician or a licensed or unlicensed grocer, there is a cost effective shop insurance policy that is just right for you.