Save Money On Your Shop Cover
No matter what kind of shop you run, from a small green grocers to a large supermarket, there are ways you could save on your insurance. Here at Coversure we want you to get high-quality insurance without paying more than you need to, so we have put together some tips that may help you save money on your shop insurance:
1. Get the right cover – while you may think this is straightforward, it isn't always. Some shop policies may come with add-ons you don't know about or don't need, checking for these and having these removed can help you save money. You also want to make sure you are not over or underinsured, if you are underinsured and you need to make a claim the insurer may not pay out the required amount. On top of this if you are over insured you may find yourself paying a higher premium, so getting the correct level of cover can save you money in the long term.
2. Increase your security – increased security measures can actually save you money on your insurance as well as decrease the chance of something happening to your shop. Having security installed, such as CCTV, can help reduce the chance of your shop being broken into, these measures lower the risk and so in turn can lower the amount you pay for shop insurance.
3. Complete regular safety checks – doing regular safety checks can help lower the chance of you needing to make a claim. As an example, if an old shelf falls and injures a customer you may need to claim on your insurance, but regular safety checks will mean you may have noticed the damaged shelf and replaced it before it resulted in the injury.
4. Use an insurance broker – an insurance broker, such as Coversure, has your best interests in mind. They want you to get the cover your business needs without paying more than you need to. An insurance broker can search their panel of insurers to see what is on the market and in some cases they may have access to policies and deals that are not available anywhere else, which could end up saving you money without compromising on cover.