| Getting proper retail insurance can put your mind at | | | | you employ staff, you may fall within the compulsory |
| rest that you have adequate protection against the | | | | band of employers who are obliged to purchase |
| various risks your business faces everyday. But what | | | | adequate employers' liability insurance cover. Ask |
| are these risks, and how may insurance cover help? | | | | your provider whether this requirement applies to |
| Your contact with the public | | | | you, and whether such cover is available as part of a |
| The risks posed by the public are potential claims for | | | | retail policy or an additional extra. |
| personal injury and damage to property. For example, | | | | Damage to your stock and equipment |
| if someone trips over a display in your shop, or if a | | | | As a retailer, you may be carrying a fair amount of |
| supplier's deliveryman catches his arm on a display | | | | stock. So consider what your position would be if it |
| stand, both of these incidents could give rise to | | | | was destroyed or damaged in a fire or natural |
| personal injury claims. Such claims can be sizeable, and | | | | disaster. In this situation you need to be up and |
| Small to Medium Enterprises who have not got | | | | running as soon as possible to reduce the impact of |
| adequate cover in place run the risk of financial | | | | the disaster. Would you be able to replace the stock |
| hardship, if not losing their business, if they have to | | | | with your own money? What about tills and stock |
| pay damages to successful claimants from their own | | | | management software? Would the cost of replacing |
| pockets. As if this wasn't enough, retailers may also | | | | these things wipe your business out? Contents cover |
| have to pay the legal fees of a successful claimant. | | | | may help in this type of scenario and serves to give |
| Ask your provider whether your retail insurance | | | | some financial protection. |
| policy includes public liability insurance. Some business | | | | Where will you find retail insurance? |
| insurance policies offer this as a standard part of the | | | | Looking online can be a quick and efficient way to |
| cover, so it may be worth bearing this in mind. | | | | find a variety of quotes. Look at a specialist insurance |
| Your contact with your employees | | | | provider to see what retail insurance policies meet |
| Employees may be another source of large claims. If | | | | your needs. |