Shops, Retailers & Wholesalers insurance
Why do I need insurance if I’m in retail?
You may be ready to re-open your doors as the Coronavirus lockdown eases. While it is important to ensure you have the right insurance in place to protect you, your staff, your customers and your business, there are now other considerations regarding protection. We’ve pulled together this Re-opening Retail Checklist, which will hopefully help guide you.
For more guides, checklists and action plans, visit our Covid-19 Business Hub page.
As we emerge from the pandemic, it is worth remembering the other risks your retail business faces: damage to stock by flood or fire, theft, damage to electronic equipment, refrigeration failure, injury to customers or staff, assaults on staff, prosecutions, and tribunals. The correct insurance will help to minimise the disruption to your business.
What should my insurance cover?
Many policies can be extended to include a range of benefits such as:
Payment of fines & penalties
Payment of ransoms & extortion
Cover for lost or disrupted income
Cover for physical injury/damage
The cost of phone hacks
Cost of notifying your contacts
Incidents at your outsourced service providers
Social media risks
What else might you need?
As no two circumstances are alike, no two policies should be alike – we won’t offer you a standard package if that is not best for your requirements. We may recommend additional covers such as:
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