More from: FAQs

Why do I need shop insurance

It’s been an incredibly tough few years for retailers across the UK. The consumer slow down and cuts have seen high street stores suffer at the hands of the country’s economy. It’s now something of a rarity for people to hit the shops on a weekend, everybody is cutting back and desperate for sales and half price items. This of course no good for your business as a shop owner.

Retailers have seen little improvement since 2007. Profits have suffered and there are drastic decreases in custom. As a result of this, some retailers have had no choice but neglect their shop insurance. This has of course had immediate effects on profit as they aren’t paying an insurance premium. However, this will definitely come back to haunt you as you will not have employers liability insurance. If ever something happened you would not be covered if anybody tried to claim.

Shops actually suffer more broken windows and vandalism than any other business. Despite this being a simple example of a claim, a window could cost around £500. This of course isn’t the be all and end all of your worries. There’s a high chance that a lot of your stock would have been taken! Shop insurance would have covered this for you no problem.

There’s also the potential of somebody slipping over in your shop. What if you forget to put a wet floor sign out? We live in this compensation culture and the ‘no win no fee’ vultures take pleasure with this sort of thing. It’s impossible to suggest what the cost of compensation would be if you did not have the right shop insurance!

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If you require information then please call us on 0121 6289494 Mon – Friday 9:00 – 17:00

Or Email us: info@shopinsurance.co.uk


Choosing the right shop insurance

Shop insurance is extremely important if you own a retail store. Of course this may seem like an unnecessary expense when profits have obviously slid however, it’s essential that you’re covered ‘just in case’. The recession has hit Britain hard and with people generally struggling; the urge to turn to thieving is a lot more tempting. Take the riots in our UK cities only a few years ago. Just in case this happens to you it’s important to be covered for everything you deem necessary in light of your business.

Remember that being prepared does cost however, it’s better than not having a leg to stand on. There’s certainly no better feeling than security. Despite this it is suggested that shops are neglecting their insurance so that their profit margins rise. This way of thinking does stem from desperation, but if you don’t want a damaged window cost to come out of your own money, then you best start considering the right shop insurance for you. Imagine if a customer fell on your shop floor? With the ‘no win no fee’ policy screaming at people you can never be sure what you’d be sued.

So choosing the right shop insurance is an absolute must as there are a variety of covers that you could go for:
The first one is for ‘Public liability insurance’. This will look after any claims that will come from clients or the public that have caused damage to your property. The second is the ‘Employers’ liability insurance’, this will look after all of your staff. If they were to have a fall or become ill due to work conditions, this insurance policy will cover their treatment and time off.

The third policy is ‘Coverage for the building’. This will allow you to claim for any damages that occur due to theft, vandalism or if there’s a flood. Natural disasters are minimal in the UK however, due to recent floods this may be a very handy policy to have covering your back. Finally there’s the ‘Stock and content coverage’. This will cover your shop if anything is taken or damaged.

You can find your best shop insurance quotes online. It’s always advised to get several quotes from a variety of companies and compare the benefits. Remember that this is your business and something deserves the best and appropriate protection.

Compare quotes & buy online

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If you require information then please call us on 0121 6289494 Monday – Friday 9:00 – 17:00

Or Email us: info@shopinsurance.co.uk


Beauty Salon Insurance and buying the right cover

Just one compensation claim is enough to sweep your business from beneath your feet. In this day and age the ‘no win no fee’ policy haunts the standard employer each and every day. The need for health and safety regulations and insurance cover is top priority. More and more high street stores experience vandalism every day; it doesn’t matter if you work in a restaurant, shop, bakery or beauty salon.

Of course insurance policies are important for any corporation in any industry. However with things like beauty salons where you’re the sole owner, you are under plenty more risk than other companies. The shuddering blow of a claim will certainly be enough to diminish your business, so it’s absolutely vital to ensure that proper beauty salon insurance is put into place before business opens.

There are plenty of procedures that take place in a beauty salon, for instance, hair removal, injections and laser treatment. This industry is considered a high risk business and should be fully protected with insurance.

It’s vital to cover everybody working at your salon too. What if there’s a fire, accident, something stolen or injury? There are so many things that could happen in any high street building however, with beauty salons there are actually more risks.

So what insurance can you get?

Well there’s the employer’s and public liability insurance, this will cover damages, expenses and all legal costs should somebody get injured. There’s also the business content and product insurance. There are plenty of desirable products in beauty salons so it’s important to be covered if something just goes ‘missing’ or if you know it’s been stolen.

Compare quotes & buy online

Compare quotes & buy online

 

If you require information then please call us on 0121 6289494 Monday – Friday 9:00 – 17:00

Or Email us: info@shopinsurance.co.uk