What is Shop Insurance and why do you need it?
If you own a shop business, there are risks from which you need
to protect yourself and other people. Those risks can seem
invisible until the very moment that something goes wrong, but
without insurance the costs of accidents or mistakes can be
unbearable.
Shop Insurance can ensure that should something go wrong, on
your premises or when transferring goods, you, your stock
and your employees can be covered from the unpredictable
costs than can arise.
We pride ourselves on working with businesses with
unique requirements. Whatever your type of business or the
risks involved, it’s likely that YOUR Insurance can help you find
the right policy for your needs.
To find out about what we cover with our policies, read more on
our Benefits
page.
How to buy Shop Insurance from YOUR Insurance
We want to give you the customer service you’ve been
looking for. We’ve created 3 straightforward
steps to help you choose your Shop Insurance policy,
and we’re available with advice at every stage:
- Ask questions: we’re here to help in the way
that you choose. In addition to the information on this site, you
can request a callback for advice from our customer services team
at a time that suits you.
- Compare quotes: use the web form, send us an
email, phone us, or get us to call you back with quotes for the
best policy for you and your business.
- Buy your insurance: by telephone, talking to
our UK-based team of fully-qualified insurance specialists.
Why choose us?
Insurance shouldn’t interrupt the way you work, but you need to
know it’s always there, so we make YOUR Insurance work with
You. With YOUR Insurance, you can:
Spread your payments: to help you manage your
cash flow you can choose to pay your insurance premium in monthly
instalments.
Save time and money: we will email all of your
policy documents to you so you’ll have them straight away. And if
you have any queries there’s no cost to call us: all of our
telephone numbers are free.
Know that you have financial security: by
taking out our shop insurance policy you’ll
know you have the support of Europe's largest independent insurance
intermediary, Towergate Underwriting
Group Ltd.
Key features of our policies
All of our Shop Insurance policies can provide cover for:
Buildings
Our policies can protect you in case of damage to your business
premises, including walls and gates, outbuildings and landlord’s
fixtures and fittings caused by flood or storm, fire or explosion,
malicious damage and impact.
Business contents and stock
We can provide cover to protect you against theft or malicious
damage as well as flood or storm, fire or explosion, malicious
damage and impact. You can also choose to include accidental damage
cover in your policy.
Business interruption (loss of profits)
We can provide cover to pay for your loss of profits if you cannot
trade due to damage to your property caused by one of the insured
perils that are included in your policy.
Money
Our packages can protect you from loss of business money from
within the building, in a safe, while in transit or at your own
premises, with a variety of agreed limits.
Employers’ Liability
We provide cover to protect you should any of your employees suffer
an injury while at work. This is required by law.
Public Liability
Our insurance packages can provide cover to protect you against
injury caused to 3rd parties (patrons, customers and so on) and
damage to 3rd party property on your business premises.
Goods in transit
This insures property connected to your business while it’s
transferred from one location to another.
Optional features
Terrorism
Cover against damage caused by acts of terrorism is excluded from
standard policies but you can choose to add it to your policy for
an extra charge.
Things to look out for
To make sure that you get the most from your insurance, you need
to make sure that you bear these things in mind when choosing your
policy and running your business:
Average clause
This is applied by insurers in the event of a loss where the
insured items have not been insured for the full value.
Minimum security standards
All policies have a minimum security standard. Criteria include
protecting all ground floor or accessible windows with window locks
and ensuring that the final entry/exit door is of solid
construction and protected by a 5 lever mortice deadlock.
Theft by violent or forcible entry
When a loss occurs due to theft it is usually a condition of the
policy that entry was gained to the premises through violent or
forcible entry. For example, if a burglar gained access by breaking
a window you would be covered, whereas if they simply walked
through an open door you would not.
Damage to property in the open.
Please be aware that your shop policy will not cover you for any
stock or contents that are kept in the open. This would include
displays of your stock set up on the pavement outside your
shop.
Frozen food section
Most policies provide cover for any deterioration of foods
following the breakdown of a refrigeration unit. However there are
certain conditions which take into account the age and maintenance
of these units. It’s important to ensure that you’re familiar with
these conditions.
