Each type of policy will differ depending on the type of shop you own, as that way you will be protected against the most common risks for your business.
For example, if you own a café it is important that you are protected against fires that can be caused by the appliances in your kitchen, while those that specialise in retail will need protection against theft or damage to stock.
You will need to inform your shop insurers as soon as possible. Absolutely do not carry out any repairs before consulting with your insurers. The shop insurance provider may be able to bring in specialists to clean up and assist with getting your property back in tip top shape.
You should do the following: 1) Report the accident to your insurers. 2) Make a note of the accident. It is your legal obligation to do so. 3) Do not accept responsibility or agree to pay compensation, even if you think it is obvious that it is your fault, as this may impair your relationship with your insurers. 4) Allow your shop insurers to investigate the accident and then advise you on what should be done next.
Unfortunately not, you will instead need to purchase van insurance. Every vehicle requires some form of basic vehicle insurance. If you were to transport your stock or goods in the back of your van, then these items may well be covered under your shop insurance policy. But for everyday use, you will still need a basic van insurance policy.
Security requirements will depend on your individual circumstances. You will also need to be able to meet the minimum security requirements stated by your shop insurer. For example, in some cases an alarm may be a minimum requirement, whereas for other insurers you may not need an alarm but having one may reduce your premium.
Providing the vehicle is owned by you, it should be covered by your shop insurance policy as you are using it to transport goods. This is something you should check with your insurer however just to make sure. All vehicles of course need to be insured by a basic vehicle insurance policy, and so provided the vehicle is insured, and your shop is insured, then there should be no complications if you were to be involved in an unfortunate event whilst transporting stock.
Most shop insurance policies do not have a limit on the amount of staff you can employ. If there is a limit, it will be clearly stated in the terms and conditions of the policy you are looking to purchase.
You will almost certainly not need an alarm in order to purchase shop insurance. However, an alarm is likely to reduce your premium. The higher level of security you have for your establishment, the lower your premium is likely to be.
As we work with a wide range of specialist brokers a number of our customers have found cheap shop insurance quotes through QuoteSearcher.We understand that by saving money on your shop insurance you will be able to invest even more money into your business, which is why our brokers work so hard to find low cost shop insurance quotes.
Thanks to QuoteSearcher I am now fully insured. After looking at all the quotes I received, I chose the right policy for me and was insured more or less straightaway!
Johanna Pena – Surbiton, Surrey
I just wanted to say how impressed I was with the ease in which I managed to purchase my very reasonably priced insurance online.