What insurance does a shop need?

Most shops need public liability insurance, employers liability (if they have staff), stock and contents cover, and buildings insurance if they own the premises. Business interruption insurance is also important to cover loss of income if you cannot trade.

What is shop insurance and what does it cover?

Shop insurance is a package of covers designed for retail businesses. It typically includes protection for your stock, shop fittings, and premises, along with liability cover for customers and staff. The exact cover depends on the type of shop and the goods you sell.

Do I need shop insurance if I only sell online?

Online retailers have different insurance needs to physical shops. You still need public liability insurance, product liability, and cover for your stock and equipment. If you operate from business premises, you will also need buildings or contents cover for those premises.

What does shop insurance cover for theft?

Shop insurance typically covers theft by external parties, including break-in and forced entry. Cover for theft by employees is usually a separate extension. The policy will specify the security requirements (locks, alarms) that must be in place for theft cover to apply.

How much does shop insurance cost?

Shop insurance premiums vary depending on the type of goods sold, the value of stock and contents, the location of the premises, and your claims history. We will approach our panel of insurers to find competitive terms for your specific business.

Shop Insurance: A Complete UK Guide

Shop insurance covers the specific risks faced by retail businesses, including stock, buildings, liability, and business interruption. This guide explains what is covered and how to arrange a suitable policy.

Frequently Asked Questions

What does shop insurance cover?

Shop insurance typically covers buildings, contents, stock, public liability, employers liability, and business interruption. Some policies include money cover, goods in transit, and legal expenses. Cover is subject to underwriting, insurer terms and acceptance.

Is public liability insurance compulsory for shops?

Public liability insurance is not a legal requirement for shops, but it is strongly recommended. If a customer or visitor is injured on your premises or their property is damaged, you could face a significant claim. Many landlords also require tenants to hold public liability insurance.

Does shop insurance cover theft of stock?

Yes. Shop insurance typically includes cover for theft of stock, subject to policy limits and conditions. Insurers will ask about your security arrangements, including locks, alarms, and CCTV, when assessing your risk.

What is business interruption insurance for shops?

Business interruption insurance covers the loss of income and increased costs you incur if your shop cannot trade following an insured event, such as a fire or flood. It is designed to put you back in the financial position you would have been in had the event not occurred.

How do I arrange shop insurance through Focus Insurance?

Call us on 01733 263311 or request a call-back. Our brokers will discuss your shop type, turnover, and cover requirements before approaching the market on your behalf.

Cover is subject to underwriting, insurer terms and acceptance