Business insurance for Retail and shops


When you’ve worked hard to build your business, it’s important to protect it. For retail businesses and shops, insurance needs to protect you from a wide range of potential risks, giving you peace of mind that you’re covered for damaging events like flooded premises, liability claims, or a major theft. We’ll help you to focus on doing what you do, without worrying about the safety of your business.

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Insurance for retail businesses – why it matters


Damaged stock, premises and equipment are key things to consider, as well as what you’d do if someone was injured in your shop. But there are other risks too. Whether you run a single shop, a chain or an online retail business, you rely on a supply process and if anything goes wrong in production, you could face legal action – even if you’re only selling the goods. Hiscox will tailor your insurance package to protect you against the specific risks of the retail industry, so you know your business is fully covered for unexpected events.

Why you need insurance in the retail industry


Damaged or stolen goods

Your shop could get flooded or suffer a serious fire leading to loss of stock, or a major theft could mean a real headache for your business. When you work in retail, you need to know your stock is protected because if anything happens to it, the cost of replacing it could be hard to come back from. If the worst happens to your business, we’ll be there to cover the cost and help you get back up and running again as quickly as possible.

Accidents and injuries

If you employ one or more people, employers’ liability insurance is a legal requirement in case anything happens to a member of staff that results in them bringing a claim against you. For example, they could fall from a ladder while restocking shelves. But what if a member of the public was injured in your shop? If someone slips or something heavy falls on them from a high shelf, they could also bring a claim against you.

Loss of revenue

Your business could lose out on revenue through an accident that leaves you too injured to work and requiring extra help, or your shop could suffer fire damage that means you have to close for months. Our range of covers can protect your business against major incidents that lead to lost revenue, so you can focus on getting things back to normal without worrying about your finances.

Not sure what you need?

If you’re not sure what you need, tell us a little more about your retail business. We’ll help you to build your quote and explore any other insurance needs.

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Key types of insurance for retail businesses


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These are just some of the types of business insurance for retail businesses that we can offer. We can provide other specific types of cover and build them into a policy that’s tailored to the exact needs of your business.

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