Shop Insurance Quotes

What is the average price of shop insurance ?

The price of your shop insurance policy will depend on a number of factors. For example​ launderette insurance​ will cost more to insure than a small corner shop because of higher liabilities and specialist equipment and chemicals. It will also depend on the level of and extent of cover that you require. The postcode will also be a factor, out of town normally attracting a lower premium as seen as less risk. The best way to find an average is to get multiple quotes from a range of brokers that deal with shop insurance. Make sure you share the same requirements so that you can compare like for like. We can help as we can offer multiple quotes from a panel of UK brokers. Simple select the quote button and complete one easy form to get started.

What types of businesses benefit from shop insurance?

Businesses that operate for profit or even a non-profit organization can benefit from the protection shop insurance has to offer. The business can be a person selling food items at the local farmers market, in the local mall, shopping centre or even out of their shed where they offer a repair service. All types of businesses that are providing a service or products and have a revenue stream for what they offer the public can be financially protected with this type of policy.

This financial protection takes care of the ‘just in case’ scenario like repairing damage from fire, flood or theft along with if a claim is filed with the courts against the business. These and other situations are covered so the business owner and their employees can continue operating the business which will keep the revenue stream flowing in.

What can be included in a standard shop insurance policy?

The ‘just in case’ scenarios have many different facets that could materialize. The following categories and policy sections handle nearly all of them.

What other types of protection can a shop owner have that would be beneficial?

Business Interruption cover can help save the business when having to deal with one of the many ‘just in case’ situations since more than likely there will be an interruption of the revenue stream due to the business having to temporarily close so repairs or restocking can occur. This section of the shop insurance policy is providing the funds that will replace up to 80% of the normal revenue stream. It makes it possible for employees to be paid, rent and mortgage payment made along with the utility bills can be taken care of.

What type of protection is there if the shop owner gets hurt or become ill?

Personal accident cover is the policy add-on many owners take out to help cover the costs if they become ill or hurt and can’t work. This policy will handle the medical bills you have so you can recover and get back on your feet as soon as possible.

What do I need if I own the property where I operate my business out of?

Building and premises cover is protection for the brick and mortar structure where your business operates out of. Standard in this type of policy is protection if the building is damaged by fire, flood, theft or accidental event where repairs or rebuilding of the structure is required. Items generally covered include the structure and any permanent fixture as in electrical and water lines along with boilers and HVAC units.

Shop insurance has many different aspects to it. With the help of an insurance agent or broker, a tailored made policy can be created to fit the needs and budget of the shop owner. This makes it possible to cover the aspects the shop owner needs and wants so they will be financially protected. It will make it possible for their business to flourish into the future no matter what type of incident is encountered while operating their business. Without it, the business might be forced to close due to the lack of available funds.