Shop Insurance

Shop insurance through Trisure Insurance Services can offer you a range of important protections.  No matter what type of retail business you have – be it a shop, a deli, or a bakery, we can help you find the cover you need for a competitive premium.  

Thanks to our close relationships with a range of leading insurers – household names including Aviva, RSA, and Axa – we can do the shopping around for you and find you competitive, high-quality that includes:

• Buildings insurance – if you own the premises you trade from, you’ll want to include buildings insurance.  That way, if it’s damaged or destroyed, you’ll be protected

   

• Public liability – public liability cover is there in case your business causes harm to others or to someone’s property.  For example, this cover would protect you if a member of the public slips over in your store and sues you for damages.  Should this happen, then your public liability cover will help with legal fees, and any compensation pay-out should one be awarded

   

• Employers’ liability – do you have any employees?  If so, even if they are part-time or temporary, it is a legal requirement to have employers’ liability insurance in place.  Failure to do so can mean a fine of up to £2,500 per day.  
  
  It provides cover in the event of your employee injuring themselves or if their property is damaged while at work.  The law says that if you employ at least one person, you must have employers’ liability insurance (sometimes called ‘E.L. insurance’) to protect your employees in case they are injured or become ill from working for you.  Your policy must:
  
  
  • Cover you for at least £5 million
  • Be with an authorised insurer
  • And employers must provide a safe working environment

  
  Just like public liability, this policy will help cover legal fees and any compensation that is paid out to the employee.

• Stock Cover – most retail businesses have stock, and stock cover will protect it should it be stolen, lost or suffer damage through, for example, water damage or fire
  
  
• Personal Accident Cover – what would happen if you were to be injured and unable to work?  Could your business keep trading, and what would you live on?  Personal accident insurance will protect your income while you are unable to work

   

• High-Risk Stock Cover – if your shop sells high-value goods – electronics, expensive wines, antiques, etc. – then you may need a high-risk cover.  Many standard policies exclude these kinds of risk, so when you request your shop insurance quote, ask us about high-risk stock cover options

   

• Business Interruption Cover – what would happen if your business couldn’t trade?  A fire or a flood could stop your shop from trading for a long period of time, but with business interruption protection, you will have an income until you can reopen your doors

   

• Cyber Insurance – as more devices are connected to the internet and the ‘internet of things’ becomes a reality, and as hackers get more innovative and bolder, so many retail businesses are falling victim to cyber-attacks.  Cyber insurance can help protect you from these online criminals and get your business back up and running should you be the victim of a cyber-crime

   

• Loss of licence –  licence insurance will cover you for the loss of income and lowering of the value of your business should you lose your license to sell alcohol on your premises

   

• Frozen stock – the contents of freezers can add up to thousands of pounds, and should the machines fail; you could potentially lose this.  A way to protect yourself from this type of disaster is to add frozen stock cover to your shop cover

   

• Legal cover – will help with legal fees if you’re involved in legal action against a third party.  Legal cover is not a standard policy feature but can be requested as an optional add on