Antique Retailers, Art Galleries, Bakeries, Bathroom Stores, Beauty Salons, Butchers, Bridal Retailers, Charity Shops, Clothing Retailers, Coffee Shops, Convenience Stores, Craft Shops, Cycle Retailers, Delicatessens, Dry Cleaners, Electrical Retailers, Florists, Furniture Retailers, Garden Centre, Gift Shops, Green Grocers, Hairdressers, Homeware Stores, Kitchen Stores, Luggage Retailers, Newsagents, Off Licences, Pet Shops, Specialty Shops, Sports Retailers.
As your shop is a customer-facing business, you’ll want to protect your business against the risks associated with that. If you run a shop that produces food and drinks, perhaps a bakery, deli or butchers, then you may want the cover to protect you against potential claims from customers who become ill from your produce. Likewise, even if you’re a service-based shop, such as a hair salon or dry cleaners, the use of chemicals and other substances could put you at risk of a claim.
Phelan Caswell Insurances will provide you with the best cover for your business at a competitive premium, so you can keep providing the products and services your customers depend on. Retail packages can be tailored to include cover for Fire and Perils (Flood cover is available), Business Interruption, Money & Theft, Glass and Public & Products Liability (including treatment liability), just to name a few.
Public & Products Liability
Cover for your legal liability for personal injury, damage to third party property, and/or advertising liability if it occurred in connection with your business. So, if a customer slips in your shop or is harmed by a product you sell, this can help cover the resulting costs.
Cover for your building, business contents, stock or specified items if they’re damaged by events like fire, storm, impact, lightning, explosion and earthquake. Also included is the cost of removing debris and rewriting records.
Cover for a reduction in turnover or revenue if your business is interrupted due to an insured event such as fire, burglary or storm damage.
If you keep cash on the premises, even if you store it in a safe, then this needs to be covered as well.
If your shopfront has been vandalised, can your business absorb the cost of repairing it?
Trade Credit Insurance
Transferring risk away from the business and over to an insurer, credit insurance protects the policyholder in the event of a customer becoming insolvent or failing to pay its trade credit debts. Not only this, but insurers can actually help to reduce the risk of financial loss through credit management support.
These days even the smallest businesses need to be online and engaged with the digital world to operate. While this new age has opened up fresh opportunities for businesses worldwide, it’s also brought with it significant risks.