Insurance for Shops
& Retail businesses.
Shops and retail businesses typically have specific insurance needs to protect their assets, employees, and customers. The insurance covers may vary based on factors such as the size of the business, location and industry-specific risks.
VARIETY OF BUSINESSES WE CAN PROTECT:
insurance options for shops and retail businesses:
Liability insurance provides cover for claims of bodily injury or property damage caused to third parties (customers, suppliers, or visitors) as a result of your business operations. It can also cover legal fees and medical expenses associated with such claims.
If you sell products, product liability insurance is crucial. It provides cover in case a product you sell causes harm or injury to a customer. This insurance can help cover legal defence costs, settlements, or judgments.
If you have employees, workers’ compensation insurance is typically required by law. It provides cover for medical expenses, lost wages, and rehabilitation costs for employees who are injured or become ill while performing work-related duties.
This cover protects the physical assets of your business, including the building, inventory, equipment, and fixtures, against risks such as fire, theft, vandalism, or natural disasters.
This cover protects your business against income loss and additional expenses that may arise if your shop is temporarily unable to operate due to a covered event (e.g., fire, flood, or other insured perils). It can help cover ongoing expenses, such as payroll and rent, during the downtime.
In the digital age, data breaches and cyber-attacks are a significant concern for retailers. Cyber liability insurance can provide cover for expenses related to data breaches, including customer notification, credit monitoring, and legal fees.
If your shop utilises vehicles for business purposes, commercial vehicle insurance is necessary. It provides cover for vehicles used by your business for accidents, liability, and physical damage.
This type of insurance can cover legal fees in case of disputes, lawsuits, or other legal challenges.