Insurance overview
Whatever you sell, we've got you covered with our Retailer Insurance.
We provide insurance for shops selling a wide range of goods, from florists to furniture stores, hairdressers and haberdashery. With shop insurance from us, we can help you to be protected against the challenges your retail business can face - from the damage to stock you sell and the building you trade out of, to the safety of your staff.
With NFU Mutual business insurance, you can tailor your cover to meet the needs of you and your business. Plus, with the option to pay by direct debit at no extra cost and no fees should you make any changes it provides the flexibility we believe retailers need.
What's included as standard:
- Contents and Stock - automatic seasonal stock increase of 25% with an option to increase it further.
- Money and Malicious Attack - loss or theft of money on your premises during business hours, and while being taken to the bank or in a safe on your premises overnight, up to £5,000.
- Business Interruption - losses due to damage at the premises of your customers or suppliers, up to 15% of the sum insured.
- Goods in Transit - loss or damage to your property while it’s in transit, up to £10,000.
- Employers' Liability - damages arising from injury and illness to employees, including while working abroad for up to 60 consecutive days, up to £10 million as standard.
- Public and Product Liability - damages arising from injury to the public or damage to their property because of your business' activities and/or products, starting from £2.5 million.
- Environmental Liability - damages arising from injury to the public or damage to their property caused by pollution, including the cost of cleaning your own premises if required by a regulatory authority, up to £1 million.
Additional covers you can choose:
- Deterioration of Stock - deterioration caused by temperature changes due to failure or damage of the refrigeration systems and accidental failure or emergency removal of public electricity, gas or water supplies.
- Terrorism - loss of income and additional cost of working due to damage caused by terrorism in England, Scotland and Wales.
- Engineering Insurance - accidental damage or breakdown of machinery and plant.
- Engineering Inspection Services provided by Vulcan Inspection Services - plant and equipment inspections and certification to prevent injury or business interruption, and to meet your regulatory obligations.
- Commercial Legal Expenses - the cost of legal representation to defend your legal rights, and any agreed compensation awards, up to £250,000.
- Group Personal Accident - protecting yourself and employees aged 16 to 65 against the financial impact of death or disability following an accident or illness.
- Business Travel - cover for you and your employees who travel abroad on business including access to a dedicated 24/7 helpline.
This is not an exhaustive list, more information can be found in the important documents section.
The cover you choose will depend on your circumstances and your local NFU Mutual agency office will take the time to understand these needs and explain the full details, including any limits and exclusions that may apply, to help ensure it‘s right for you.
The cover you choose will depend on your circumstances and your local NFU Mutual agency office will take the time to understand these needs and explain the full details, including any limits and exclusions that may apply, to help ensure it‘s right for you.
Important documents
FAQs
When running a shop it is important you have the right insurance cover in place to protect you and your business.
It is important to know that there is one type of insurance that you are legally required to have if you have any staff working for you, this is called employers' liability insurance.
Employers' liability insurance covers your business in the event that one of your staff members claims they've suffered an illness or injury as a result of working for you. It covers any legal and compensation costs involved in defending a case.
We offer insurance for shops in the form of our Retailer Insurance policy.
It includes a number of covers as standard such as contents and stock and business interruption along with additional covers that you can add to the policy.
The amount and type of cover that you need will depend on the size of your retail business, you'll need to consider things like the number of premises you have, your turnover and the number of employees you have.
Depending on the types of services that you provide you may need specialist cover, such as professional indemnity insurance if you provide your customers with advice as part of your services.
Our Retailer Insurance policy covers your contents and stock at your business premises, with the option to extend the cover for contents and stock away from your premises.
We also cover your money against loss or theft at your premises during business hours, and while being taken to the bank or in a safe on your premises overnight, up to £5,000.