Whether you run a brick and mortar store on one of Britain’s High Streets, operate an eBay, Amazon or other online store, or do both, you’ll need to make sure that you, your products and your customers are protected. Retail business insurance needs to be as unique as the businesses it protects and using a broker that can take the time to understand your company and build a retail insurance package to meet your needs makes commercial sense.
Retail insurance is a highly competitive sector of insurance with many providers promising “cheap” insurance. As with many things cheap isn’t always best and we are well versed in the retail world enabling us to provide you with excellent independent advice, first class personal service and a product tailored to your needs.
They understood my needs and guided me through the process of finding the right policy to suit my new business. The service could not have been better.
Along with the usual liabilities retail insurance will usually include but is not limited to:
Most retail insurances are on the basis you have set premises and do not operate from outside these. If you do it may make sense to have two policies. For example a kitchen showroom and fitting company may have retail insurance for the shop and then liability insurance for the fitting.
If you have employees then you are required by law to have employers’ liability. This is an element of most Retail Insurance policies or can be purchased standalone.
Absolutely. How your insurance is constructed will depend on the types of trades you operate in and the premises. If the trades are similar and the premises are similar then it will be possible to cover your risks under one policy. If the trades are wildly different and there are unique risks to each trade then it may be better to have two separate policies.
Your vehicles and your motor liability will not be covered and you will require an additional policy to cover them.
If you drive vehicles, work on vehicles or have vehicles under your custody and control then you will be better placed for a Motor trade policy. If none of these apply then a standard retail policy should suffice.
As long as stated when you take out your policy and you answer the associated questions you will be covered. The level of cover depends on what activities you undertake when there.
Business Insurance Adviser
Susanne’s insurance career began more than a decade ago, when she started working as a sales clerk dealing with house and motor insurance. She joined…