The risk of flooding has become an issue for tens of thousands of retailers, according to the Federation of Small Businesses.  If your shop is in a flood-risk area, talk to your local Coversure office about flood insurance.

The contents of freezers can add up to thousands of pounds; should they fail, it could prove costly.  An excellent way to protect yourself from this type of loss is to add on an optional frozen stock cover

If your shop sells or deals in high-value goods – electronics, designer clothes, antiques, etc. – you may need high-risk cover. Many standard policies exclude this kind of risk, so when you request your shop insurance quote, ask us about high-risk stock cover options

If you own the premises you trade from, you’ll want to include business buildings insurance in your shop policy.  That way, if it’s damaged or even destroyed, you’ll be able to claim for repairs or rebuilding

Should you lose your licence to sell alcohol, this policy element could help reimburse you for loss of revenue and product value, so long as the loss wasn’t due to misconduct

This is another important policy element given the legal of regulations and responsibilities you hold. Legal expenses can cover:

• Services occupancy issues
• Contract Disputes- relating to the sale, hire or purchase of goods.
• Defence against criminal prosecutions brought by the police, the Health & Safety Executive and/or Local Authority Health & Safety Enforcement Officer
• Bodily Injury to you and your employees’ legal rights
• Tax & VAT in respect of any enquiry by HMRC
• Statutory licence protection

Cyber-attacks are dangerous, potentially costly, and on the rise. 39% of U.K. firms experienced a security breach, cyber-attacks are up 10% on 2021, with 93% of large organisations have been targeted, according to The Department for Business, Innovation and Skills**. Today, cyber insurance can be considered as essential as protecting your stock or employees. Cyber insurance allows you to remain protected from the costs of ransomware attacks, data loss, reputational damage, and more.

** https://www.gov.uk/government/statistics/cyber-security-breaches-survey-2022/cyber-security-breaches-survey-2022

If you deliver goods to your customers, then goods in transit insurance is a good policy element to have in place.  This will protect the stock you are travelling with from theft, loss, or damage while you, or your drivers and their deliveries, are on the road

This will protect you should someone be involved in an accident at work.  It will pay out in the event of death, bodily injury, or disablement.  The compensation provided can pay for temporary staff or cover the overtime cost for other team members

If something catastrophic happened to your business – such as a fire or flood – and your premises is forced to close for a while, could you cope? With no money coming in and bills needing to paying, would you be able to keep putting food on your table while not doing so for your customers? Business interruption cover provides you with an income while your business is out of action, providing much-needed peace of mind in a time of stress

If you run a shop, pub or restaurant, distributor, or manufacturing plant, you’ll want stock cover to protect your goods – particularly if your stock is expensive items like technology, art, or alcohol or is frozen meat, fresh veg, or anything in between.  Stock cover assists with the costs of replacing or repairing your inventory if it’s damaged, lost, or stolen. Stock cover protects your supplies in the event of storm damage, flood, fire, or theft—a crucial policy element given how expensive your stock can be

Did you know that if the products you use, recommend, or sell cause problems, you can be liable for damages? Products are central to your business, and if something goes wrong, you can be liable for claims and compensation.  Should this happen to you, product liability insurance covers the costs of any compensation you are made to pay, together with the legal fees

This is a legal requirement if you employ people. It provides cover in the event of your employee injuring themselves or if their property is damaged while at work. The law says that if you employ at least one person, you must have employers’ liability insurance (sometimes called ‘E.L. insurance’) to protect your employees in case they are injured or become ill as a result of working for you. Your policy must:

• Cover you for at least £5 million
• Be with an authorised insurer
• And employers must provide a safe working environment

For Event Security it’s important to check the requirements of your policy. Some policies insist on every steward requiring a minimum of Level 2 NVQ in Spectator Safety. This can be challenging in certain circumstances. Coversure has the capacity to offer policies that do not stipulate this.

Provides cover should a member of the public injure themselves or if their property is damaged while you are working.  It covers the cost of claims made by members of the public for incidents that occur in connection to your business’s activities, for example if they slip on the floor and decide to sue you, you’ll be covered.

Cover of up to £10 million can be offered under certain circumstances as many organisations are now requesting this amount as a minimum level of indemnity.