Shops Insurance

In House Claims

Bespoke
Insurance
Solutions

Risk Management

Expert
Advice

A Shop Insurance Policy is primarily designed to provide cover for all areas of a retail business with a commercial premises.

Any shop owner has several risk factors that could damage their business, from customers and employees to suppliers and manufacturers.

It is therefore vital that all potential risks are covered in order to protect your business from any liability claims and potential damage to your goods or premises. 

As a specialist broker with years of experience in this sector, we understand the difficulties of your business and can create a tailored policy to suit the style of retail shop you have.

Essential cover in Shop Insurance

Although we will carry out an assessment of your business, there are certain aspects of shop insurance that we deem as essential as part of your policy.

  • Public Liability - Having this insurance ensures you are covered if a third-party is injured on your premises. 

  • Business Interruption - Ensures your outgoings are covered if your business has to stop trading due to theft, damage or supply issues. This policy keeps you going while your business can get back to normal. 

  • Shop Contents Insurance - Cover for any item that is not fixed in the building. This may include stock, furniture, or computer equipment such as tills.

Essential if you own your premise:

  • Shop Buildings InsuranceIf your premises are rented, buildings cover should be held and paid for by the property owner. This covers any damage to the premises, including anything that is fixed to the building.

  • Rebuild Cost - Should a major incident occur at your premises such as a fire or storm, rebuild cover ensures you are covered for major repairs or to start again from the ground up. The cost is detailed in the deeds or obtained via a surveyor.

A Package Policy

Shop package policies are made up of various types of insurance cover which are designed to cover standard risks and can be a cost-effective way of getting cover designed to suit the needs of your business.

Supply Chain:

As a business you may be dependent on particular suppliers, and this can bring increased risk exposure and challenges. From adverse weather to the supplier’s own operations and the impact on IT downtime, bottle necks can occur at your premises which in turn reduce turnover and reputation. It is important to talk to your suppliers to make sure they have addressed their own risks. A robust insurance programme covering suppliers can help should the worst happen.

Optional features of Shop Insurance

  • Legal Cover - This is to help with legal fees when involved in legal action against a third party. Legal cover is not usually found as a standard policy feature but can be requested as an optional add-on to your policy

  • Glass Cover - Cover to replace glass if shop front or other windows are damaged.

  • Loss of Licence - Cover for the loss of income following a loss of license such as alcohol.

  • Frozen Stock - Cover for the loss of frozen stock due to mechanical or power cut issues.

To find out more and to discuss your needs, please contact us on 01274 515 747 or email us at mail@lwood.co.uk

Image

Request a callback

Send us your details and we'll be in touch.

This field is for validation purposes and should be left unchanged.

Property Owners

If you own a property it is important to have appropriate insurance covers in place.
Learn More

Business Interruption

We would always recommend insuring on a Gross Revenue / Gross Profit basis, together with additional costs as from experience following a loss, the policyholder would have to spend more money than necessary in order to keep the business functioning
Learn More

Directors & Officers Liability

In today’s rapidly changing business climate, regulators are increasingly more vigilant about internal controls and corporate governance meaning the need for superior Directors and Officers Liability cover has never been greater.
Learn More

Professional Indemnity Insurance

Professional Indemnity insurance will cover expenses incurred in your defence if you are alleged to provide inadequate advice, services, design or specification resulting in your client losing money.
Learn More

Cyber Liability & Financial Crime

During the last five years there has been a dramatic increase in the number of cyber attacks and financial fraud to businesses throughout the UK.
Learn More

Crisis Management, Kidnap & Ransom

Business people making trips to high risk countries around the globe can put themselves at risk from kidnapping, ransom and other types of crises.
Learn More

Terrorism

Have you considered Terrorism Insurance? Did you know that Terrorism cover is a standard exclusion from all UK insurance policies?
Learn More

Hauliers/Freight Forwarders Liability Insurance

As a haulier operating for hire and reward or a Freight Forwarder, you are exposed to claims in respect of your legal responsibilities for injury to your employees and public, together with property damage arising from your activities.
Learn More

Marine, Transit & Cargo Insurance

Cargo comes in all shapes and sizes and insurance plays a vital role in covering you from a variety of incidents that can occur while in transit.
Learn More

Legal Expenses

In the event of legal action, having an insurance policy to cover your costs is vital for your business.
Learn More

Commercial Combined

Commercial combined insurance is designed to provide cover to protect you against risks to your business and can be tailored to your requirements.
Learn More

Computer Insurance

Every business in the world now relies on computer and technology in order to keep its operations on track.
Learn More

Employers Liability

Employers’ Liability insurance is a legal requirement and failure can lead to you being handed significant fines.
Learn More

Products Liability

Having Product Liability Insurance is essential for your business if you supply a product.
Learn More

Public Liability

Public Liability Insurance is essential cover for businesses offering protection against compensation claims if clients, suppliers or the public suffer injury or property damage because of your business.
Learn More

Contract Works Insurance

Whether your building project is straightforward or complex, you should have a contract that clearly outlines the project’s essential details.
Learn More

Employment Practices Liability

Employee litigation is currently on the rise, making it even more essential to have Employment Practices Liability Insurance in place.
Learn More

Engineering Inspection Cover & Machinery Insurance

It is a legal requirement for regular engineering inspections of lifting and pressurised machinery and equipment in your commercial premises.
Learn More

Group Travel Insurance

Having company Travel Insurance is beneficial to protect the key people of your business who regularly have to travel.
Learn More

Machinery Movement

Machinery Movement Insurance covers you for any installed machinery or equipment in your possession at a specified location.
Learn More

Motor Fleet Insurance

Motor insurance is a legal requirement, and Motor Fleet Insurance is a more flexible approaching to insuring vehicles used by a company.
Learn More

Motor trade insurance

Motor trade insurance is a vital requirement for anyone buying, selling or running a car garage.
Learn More

Tradesman Insurance

There are thousands of different tradesmen all with varying needs of insurance due to the levels of risks with their work.
Learn More

Signup to the l wood newsletter to receive tips, guidance and news.

For further details on how your data is used and stored, read our Privacy Policy

This field is for validation purposes and should be left unchanged.