Why does a shop or wholesaler need insurance?

You may currently be getting ready to re-open your business now that the Covid-19 lockdown is easing. Before you open your doors, remember to speak with your insurance broker to make sure you have the right cover in place, and reinstate any cover that had been put ‘on hold’ or reduced while you were closed. There are now also a lot of other considerations when thinking about protecting your business and your customers. So, we’ve pulled together this Re-opening Retail Checklist, which will hopefully help guide you.

Insurance is there should the unexpected happen – and there are all sorts of things that can go wrong: burst pipes, injured employees, computer hack, faulty goods, thefts. Insurance will help cover financial losses and defend legal disputes to ensure that when things go wrong the disruption and losses to your business are minimised.

There is no fixed answer as to what kind of insurance a retailer or wholesaler will need as no two businesses are alike. However, most will require some basic level of cover (as shown). There are all sorts of additional covers we can provide to help tailor your insurance cover to meet the needs of your business, such as cyber liability, management liability, personal accident, goods in transit, trade credit, private medical and more.

We also work very closely with our sister company Sutcliffe & Co Insurance Brokers – with our sports insurance knowledge, and their commercial insurance experience, we can help find you the right cover.

We don't do online quotes: we want to help you get the right cover at the right price, leaving you to get on with what you are best at.