Combining all necessary retail shop insurance cover into one easy to manage policy is likely to be cheaper than you think. Whether you rent or own your building, employ staff or not, sell sweets or furniture, we can compare quotes from several of the UK’s top insurance companies. We have dedicated insurance brokers on hand to to help you understand the cover required or a simple online comparison tool to find you the cheapest retail insurance quote available from our extensive panel of top insurers.
As we are tailoring a quote to your shop and your specific needs, there is no set shop insurance cost. The price of your retail insurance will depend on the level of cover required, your specific activities and the location and construction of your property. Often, many additional cover options are automatically included by insurers and this package insurance policy is designed to meets the needs of typical businesses. Combining all the cover needed into one policy is not only easier but more cost effective.
There are a number of factors that can determine how much your shop insurance policy will cost, including:
As we are tailoring a quote to your shop and your specific needs, there is no set cost for retail insurance. The price will depend on the level of cover required, your specific activities and the location and construction of your property. Combining all the cover needed into one policy is not only easier but more cost effective.
Due to the nature of the products they sell, some shops may need additional protections included within their shop insurance policies. Fortunately, we can offer these specific protections as part of one handy policy called Shop Package Insurance. Some examples of different types of businesses which could benefit from being covered by a Shop Package Insurance policy are:
These shops have high stock risks as their stock is often high value and greatly sought after as targets of theft as a result. Shop owners may need to reduce this theft risk and have increased security with specific lock types.
Additionally, if any repairs are being udertaken, additional cover may be required within a Shop Package Insurance policy called Goods in Trust. The shop would then be insured if accidental damage is caused to the covered item(s) whilst being repaired.
Naturally, within these shops baking will take place, so there is an increased risk of fire. Serving food on site to the public will require Product Liability insurance within the Shop Package Insurance policy, with the requirements of high food hygiene practices being in place.
These shops will require Treatment Cover which are part of Liability policies. Many insurers will include this cover for specific treatments. If any home visits are carried out, insurers will need to know this too to ensure the correct insurance cover is in place.
Any business who employs staff is required by law to hold the correct level of employer's liability insurance. You could be fined £2,500 per day for simply not holding cover in case a member of staff is victim to an accident or illness while at work.Although this is the only legal requirement, it is wise to protect yourself from other potential risks such as property damage or a claim made by a customer. If you're found to be at fault, the claim could cost thousands or even millions in compensation and legal costs. All these risks and associated expenditures could be covered by a packaged insurance policy which will cost far less than even a small claim.
Protect yourself and your customers today, get your quote online or call us on 0344 902 8316
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