Shop insurance is a tailored package providing the various components required to protect a retailers business. Cover extends from legal liability exposures such as public and employers liability to physical losses such as fire, theft or flood, to buildings, contents, stock, money and associated loss of profits. Other extensions to cover include goods-in-transit, damage to shop front or glass and fidelity cover (theft by employees)

Most retail businesses will need to employ either full or part-time staff and will be required by law to purchase employers liability insurance. Failure to arrange this cover, which provides indemnity for compensation claims received for injury to members of your workforce in the course of their employment, can result in fines of up to £2,500 per day.

Unless you own a van requiring motor insurance, no other elements of insurance for your shop are compulsory, however without protection for loss or damage to stock, or potential injury claims for slips or trips from customers or members of the public (public liability), you will be leaving your business financially exposed.

In the same way as retailers offer a variety of products, different insurers will provide different levels of cover and premiums. As retail insurance specialists, we can compare prices from up to 10 of the UK’s leading insurers in minutes, helping you find the right level of cover at the right price. Our business insurance advisor will take the time to help you assess you risk and build a package that protects your business without breaking the bank!