Shop insurance is a valuable business insurance product for the type of business that is involved in retail industry. Also this insurance policy is required for businesses such as pubs, hotels and restaurants. Depending on the size, type and location of business, a shop insurance policy can be customized with a variety of options. This policy includes coverage such as:
Personal injury and property damage – This policy covers your business if someone sues you for personal injury or property damage that occurs in connection with your business. For example: one can sue you if one incurs an injury caused by slipping on the wet floor in your shop.
Business interruption policy – This policy helps you to cover your business loss when it is disrupted by damage to your business property or from supply or inventory caused by specified events.
Personal accident and illness – This covers your business to protect it from loss of income as a result of a personal accident or illness.
Contents Insurance – The contents insurance cover provides insurance for the contents of your retail premises that may get damaged in the event of fire, flooding etc.
Glass breakage – This cover protects your business from any breakage of glass, mirrors, and also includes the cost of sign writing and temporary shuttering. This policy is important for all businesses that are in fixed premises.
Crime Insurance – This provides compensation for crimes that are quite common to the business such as jewelry shops, high branded retail outlet, shopping malls, etc.
Undertaking these polices would help protect the retail shop business from the liabilities of the sort given.
Personal injury and property damage – This policy covers your business if someone sues you for personal injury or property damage that occurs in connection with your business. For example: one can sue you if one incurs an injury caused by slipping on the wet floor in your shop.
Business interruption policy – This policy helps you to cover your business loss when it is disrupted by damage to your business property or from supply or inventory caused by specified events.
Personal accident and illness – This covers your business to protect it from loss of income as a result of a personal accident or illness.
Contents Insurance – The contents insurance cover provides insurance for the contents of your retail premises that may get damaged in the event of fire, flooding etc.
Glass breakage – This cover protects your business from any breakage of glass, mirrors, and also includes the cost of sign writing and temporary shuttering. This policy is important for all businesses that are in fixed premises.
Crime Insurance – This provides compensation for crimes that are quite common to the business such as jewelry shops, high branded retail outlet, shopping malls, etc.
Undertaking these polices would help protect the retail shop business from the liabilities of the sort given.
1 comment:
Alright, You explained it clearly it seems to be benefit for getting insurance for retail shop! But How it covers what are the procedures?
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