Do you currently own a retail store? Whether your shop is located on a High Street or elsewhere, you need to be covered with liability protection or shop insurance for retailers. The cover extends protection for a wide variety of retail businesses, from coffee shops and grocers to clothing stores and beauty salons. When you have the cover, you can customise it to your company’s needs. You don’t need to shop around when you find a company that features all-inclusive protection. In many instances, too, you can save 10% when you buy online.
What You Need to Buy
When buying shop insurance for retailers, you should receive at least public liability cover as standard, with as much as £5m in protection. You’ll also want to find a provider that includes a free 30% increase in stock cover (at the dates of your preference) with contents cover. Accidental damage should be standard with contents cover, and 24-hour glass replacement should be included as well.
Public liability itself covers a retailer if a member of the public suffers an injury or loss as the result of the retailer’s activities. If you want to be protected from any claim, this is the insurance to choose. Even when you do everything right, accidents can and will happen. With the right insurance cover, you can operate your retail store knowing that if the worst should happen, your customer’s property can be recouped or the medical costs paid.
Added Peace of Mind
Policies are tailored to individual retailers. However, as a guide, the insurance does cover a store’s legal liability to pay damages to customers for injury, death, or damage to their possessions or property. So, when you are involved in clothing store bingo, you can handle all the activities that are involved in managing a store with more peace of mind and self-confidence. When you possess public liability protection, you are assured that you can meet the cost of a claim, along with any legal expenses.
Any business that greets visitors or sees customers regularly needs public liability cover. To make sure you receive the right protection, ask to see a company’s insurance documentation and insurance schedule. You may consider other kinds of insurance for your business too, including employers’ liability insurance or professional indemnity insurance.
Run a Quote Online
It is up to you to determine how much public liability protection you need. As with other kinds of insurance, the cost of the insurance will depend on a number of components. For example the kind of retail business you operate and the level of cover. Businesses that are regarded as riskier will typically pay a higher premium for their insurance policies. The best and fastest way to find out how much you may owe is to run a quick quote online.
Public liability insurance does not cover employees. It is intended to protect the retail store manager from third party claims made by a client, member of the public or customer. If your retail shop has one or more employees, you typically are required to take out an employers’ liability insurance plan. This policy can cover you for compensatory claims made by an employee who has suffered an illness, injury or property damage due to work activities.
