Shop Insurance

Newsagent’s Shop Insurance

The importance of obtaining adequate insurance cover

Regardless of the time that you have been running your shop, an important aspect of remaining in business is having a good shop insurance policy that covers you against unforeseen events that can occur, such as Fire, Lightning, Storm or Tempest, Flooding.  Any one of these catastrophic unforeseen events could close you down, it may become impossible for you to resume trading, leading you to bankruptcy, putting at risk your livelihood and that of any dependents on you such as your employees who will find that they no longer have a work place. So for your peace of mind and to guard your lively hood obtaining the correct shop insurance is the most important factor in running a business.

Shop Buildings Insurance

The sum insured should be the rebuilding costs of your premises. This amount should include a figure for the removal of debris – site clearance – Planning fees, architect fees and the building work to restore your premises. Please note that this is not the selling price of the building.

Contents Insurance

The sum insured should include the following items and should be the current replacement price for each item:

1. Business equipment
2. Fixtures and fittings and all other contents
3. Electronic Office and Computer Equipment
4. Electronic Scales
5. Counters
6. Tills
7. Tenants improvements costs

Stock Cover

1. Stock in trade including Goods in trust (Goods held for your customers) other than high risk items which are covered as separate items (see below)
2. Refrigerated stock and all other stock

The flowing list of high risk stock items can be covered – a sum insured is normally required for each item of stock.

• Audio/Video/TV Equipment
• Cigarettes, Cigars And Tobacco
• Clothing
• Computer Equipment and Software
• Computer Games
• Drugs and Medicines
• Jewellery
• Mobile Telephones and Radios
• Photographic Equipment and Binoculars
• Power Tools
• Records, Tapes, DVDs, CDs and Videos
• Wines and Spirits

Liability Insurance

Standard cover includes

• Employers Liability of up to £10,000,000 any one event
• Public Liability of up to £2,000,000 any one event
• Products Liability £2,000,000 any one event

Other Covers included in a shop policy – Package Cover

• Loss of profits / Business Interruption
• Glass and Sanitary Ware
• Money
• Personal Accident Assault
• Goods in Transit cover
• Loss of Licence
• Treatment Risks
• Seasonal increases in stock value
• Legal expenses and legal protection

No Claims discounts

Good Physical security and the presence of an alarm connected to a monitoring station with police level one response will qualify you for a reduced premium as the insurer will offer you a substantial discount. Furthermore if you have been trading for a period of time without any claims or losses again the insurer will offer you a no claims discount for your good claims history.

For further information about your Insurance Cover please read the keyfacts / summary of covers to get a clear picture about the cover you will be getting with our comprehensive and competitively priced cover before deciding to buy. After all, a well informed buyer makes a satisfied and happy customer.