Retail Insurance
Retail Insurance is a comprehensive package of business insurance policies tailored specifically for the retail sector.
RETAIL INSURANCE
Retail Insurance is a comprehensive package of business insurance policies tailored specifically for the retail sector. It typically includes a combination of covers to protect your business from the unexpected, such as theft, fire, public liability claims and employee-related incidents.
At IPS we understand the unique challenges faced by retail businesses. Your business involves public interaction, health and safety responsibilities and valuable assets. Whether you lease a shop, operate from a market stall or a franchise, we take the time to understand your business and will help you compare quotes, explain your options to you and ensure your cover is designed to protect what matters most, your premises, stock, staff and customers.
This policy is essential for any business that sells goods directly to the public, including but not limited to:-
- Fashions and clothing shops
- Convenience stores and off-licenses
- Supermarkets and grocers
- Hairdressers and beauty salons
- Pet shops
- Florists
- Pharmacy and health food stores
- Bookshops and stationary stores
- Butchers and delicatessens
Key Features of Retail policies (subject to quotation/terms & conditions):-
Buildings Cover
If you own the premises, this cover safeguards against structural damage caused by events such as fire, flood, vandalism and other perils.
Tenants’ Improvement Cover
If you lease the property, the landlord typically maintains this insurance; however you may still need to obtain tenants’ improvement cover.
Stock and Contents Cover
Offers protection against damage, loss or theft of inventory, fixtures and equipment.
Business Interruption Cover
Helps cover loss of income and ongoing operating expenses in the event your business is unable to operate due to a covered incident.
Goods in Transit Cover
Protects stock during transit to or from your store, supplier or warehouse.
Money Cover
Provides cover for theft of cash occurring on premises, in transit or from secured safes.
Public Liability Cover
Protects against claims from customers or members of the public for bodily injury or property damage occurring on your premises.
Employers’ Liability Cover
Covers claims arising from employee injuries or illnesses sustained in the course of work-related activities.
Legal Expenses Cover
Offers legal advice and representation related to employment disputes, tax investigations and contract-related matters.