What is supermarket insurance, and why is it important?
Supermarket insurance and newsagent insurance aren’t single policies, but instead a portfolio of cover that provides you and your business with the financial protection you need. It’s designed to cover everything from mandatory requirements, such as Employer’s Liability insurance, through to a whole range of protection that includes:
- Public liability cover – An important layer of protection if someone is injured or their property is damaged while on your premises or as a result of your business operations. PLI protects you from the financial cost of compensation claims and the resulting legal expenses.
- Stock cover – To cover loss or damage to stock caused by insured events such as fire, theft, flood or vandalism
- Contents insurance – To cover the cost of replacing or repairing fixtures and fittings such as shelves, freezers and fridges
- Legal cover – To protect you against legal costs connected with any claims made against your business
- Commercial buildings insurance – Designed for commercial and retail buildings
- Business interruption cover – can help protect your income and ongoing expenses if your business cannot operate following an insured event such as fire or flood
- Commercial vehicle insurance – appropriate business-use vehicle insurance is required for vehicles used as part of your business operations