Shop Insurance

Shop Insurance is a type of cover that is specifically designed to protect shop owners, their stock, premises, customers and employees. 

This means it typically provides financial protection should your property be damaged, lost or stolen, as well as protecting you against your liabilities. The latter will help to cover any legal fees or compensation payments you need to make.

By having the right Retail Insurance in place, you can operate your shop with the knowledge that you will have financial support should something unexpected happen.

Insurance for shops can cover your retail premises and contents, your employees, your customers and your stock. Typically, Retail Insurance includes:

• Public Liability Insurance: This protects you against claims from your customers that they have been injured or their property damaged by your business. For instance, if someone slips on a wet floor in your floristry, this insurance will financially protect you when it comes to legal fees and compensation.
• Employers’ Liability Insurance: This insurance for shops is a legal requirement should you employ anyone within your business. With this cover in place, you are financially protected should an employee become injured or ill while carrying out work for you. For example, if an employee had to lift a very heavy box of stock and hurt their back, this policy would give you financial protection against their claim.
• Professional Indemnity Insurance: If your shop provides a service, gives advice or provides plans or designs, you may want to include Professional Indemnity Insurance. This will help to cover the costs should a customer claim that you were negligent as a result of the service or advice you’ve given them.
• Shop Contents Insurance: This insurance covers your shop’s contents, such as your furniture, fixtures and fittings. Should they be damaged, lost or stolen, this cover will pay to repair or replace them.
• Stock Insurance: As a shop owner, you may have a lot of stock in your retail premises. If this stock is damaged or stolen, it can have a huge impact on your business. Having Stock Insurance in place can therefore ease your mind that you will be compensated up to a certain value at trade price should the worst happen.
• Retail Property Insurance: If you own the building in which your shop is based, it’s a good idea to protect its structure. If there was a fire, for instance, this cover will help to cover the costs of repairing, or even completing rebuilding, your damaged property.

The exact Retail Insurance policies in your cover will depend on your shop’s precise needs. Talk to a member of our dedicated team today to find out more about your unique risks and how you can mitigate them.

At Chris Knott Insurance, we offer Shop Insurance to all kinds of retailers! Whether you own a string of shops or a single store, we can help.

Here are just some of the policies we can provide:

• Pet Shop Insurance
• Coffee Shop Insurance
• Bike Shop Insurance
• Barber Shop Insurance
• Fish and Chip Shop Insurance
• Flower Shop Insurance
• Vape Shop Insurance
• Charity Shop Insurance

We can also provide insurance for shops that are based online.

You never really know what can happen, and as a busy shopkeeper, you need to protect your business and your income. Replacing stolen products, handling the legal costs of an employee’s claim or repairing damage to your premises can have a huge impact on your bottom line. However, with the right Retail Shop Insurance, you can rest assured that you won’t have to face these costs alone.

The cost of insurance for shops will depend on your store’s risks and what you want to include in your Shop Insurance policy. Your stock, number of employees, where your shop is based and whether you own your premises will all play a part.

To get accurate Shop Insurance quotes, speak to our team.