Business Insurance for Shops
Business Insurance for Shops*
Many of the team at SMART love to shop – in fact some of our brokers are experts at it!
We have a variety of brokers at SMART and they all have different favourite shops. Some of the team like clothing and shoes shops, others prefer accessory shops , while those with families often find themselves in kids, sports and surf shops on the week-ends. Everyone enjoys a bit of a snack from their favourite take-away shop.
Our team of brokers love to shop and they love to source insurance for small business owners who operate shops and retail businesses.
Retail business can be fickle and it can be risky. Insurance can’t help with some of the risks (eg: not enough customers) but can protect you with others. Below are some of the insurable risks.
List of risks that can be covered under Shop business insurance:*
- Public Liability– eg:slips, trips and falls
- Product Liability– eg: the product you sell does not perform as specified resulting in damages
- Workers Compensation
- Business & General Property – eg: damage to building – vandalism
- Business Interruption– eg: profit associated with location in the event you are forced to close for an extended period.
- Fire and Perils
List of shops that can be covered under insurance:*
- Take away food shops
- Book stores
- Milk bars
- Sushi bars
- Sandwich bars
- Home wares shops
- Juice bars
- Amusement centres
- Electrical goods stores
- Computer stores
- Mobile phone stores
- Games shops
- Yoghurt and ice – cream shops
- Fruit shops
- Vitamin shops
- Giftware shops
- Men’s and women fashion boutiques
- Sports stores
- Shoe store
- Jean shop
- Swimwear boutique
- Surf shop
- Skater shop
- Opportunity shop
- Teenage fashion
- Kids fashion
- Clothing/ homes ware shop
- Formal wear shop
- Clothing hire shop
- Budget clothing stores
- Discount store
- Cycle shop insurance
- Maternity store
- Sleepwear store
- Business clothing retailer
- Ties, belts & accessories shop
Get a Quote
Business insurance quotes from the SMART team of brokers*
Our business insurance brokers can help you find suitable cost effective insurance for your shop. Depending on the type of shop, location, size and fit out of your shop our brokers know which insurers and underwriters are likely to provide suitable cover and competitive prices.
What is the correct “Situation Address” to list on my business policy?*
The Situation Address must be the address of either the physical risk being covered (like a property) or, in the case of Liability policies, the physical address for the normal place (or places) of business.
If you have multiple business locations, e.g., a number of branches, shops, factories or depots, then ALL location addresses must be shown on the schedule and advised to the insurers. And the multiple location addresses then needs to be kept up to date with the insurers at all times, in the event of any changes.
Insurers will not accept a Post Office box as a “normal place of business”, because you cannot do business from a PO Box.
A PO Box is fine for a mailing address, but cannot be used as the address of the “Situation” on any policy.
For example, Public Liability policies usually operate “at and from” an address, which should be the normal place of business for a business policy.
If the business was run from home, for example, then the home address would be shown as the normal place of business. The “at and from” nature of the cover would then cover any transitory business conducted away from the home address (or away from a real business address, as the case may be).
If the business was run from home but was selling through stands or kiosks at markets or shopping centres then that would have to be disclosed to the insurer, as it affects the risk.