RETAIL BUSINESS INSURANCE

When you are in business you deal with a variety of potential risks each day. Risk is not something you can avoid, but it is something you can manage. Risk management will increase the probability of success and reduce the probability of failure of your business.

Insurance is an essential part of running any business and risk management strategy. If you are operating a business, chances are that you will need more than just property insurance. Taking out the right insurance will help protect your business and minimise its exposure to risk.

Your insurance requirements will vary according to the type of business you are operating, but you should be aware that some forms of insurance are compulsory, such as workers' compensation and third party car insurance.

Under a Retail Business Insurance Policy, there are different types of cover that provide for the physical loss of or damage to, your property from events including, but not limited to, fire, theft, lightning or explosion. For example, you may want to protect your stock and contents from theft, so you should choose to buy the theft section.

Retail Business Insurance covers available include:

• Fire and Defined Events/Accidental Damage
• Consequential Loss (Business Interruption)
• Theft
• Glass and Signs
• Money
• Employee Dishonesty
• Goods in Transit
• Legal Liability
• Tax Probe
• Machinery Breakdown (Incl. Deterioration of Stock)
• General Property (Portable Property)
• Computer Equipment

Retail Business Insurance Policies are tailored and specifically worded for retail applications. So whether you own a florist, gift shop or a bicycle store, this is the policy for you.