Shop insurance is required for all retail premises owners, whether you have a boutique clothes store, kebab shop or unoccupied premises. It provides cover in the event of an accident or damage to the premises and the people inside the shop.
There are lots of elements to shop insurance policies, from buildings and contents cover, to public and employer liabilities; all of the individual elements are important to shop owners and gives them peace of mind in the event of an incident.
It is important for shop owners to have public liability insurance as they will be dealing with customers coming into their store daily. This means that there is the potential for any of them to have an accident or their personal property damaged whilst on your premises, and if this should happen, you will be liable to pay damages. Having public liability insurance will mean that the insurer will pay any damages awarded to the injured party, rather than you being left with a lump sum bill to pay.
Employers insurance is a legal requirement, therefore it is imperative that you have it. Should one of your employees have an accident or be injured at work, this form of insurance will pay their damages.