DIY Shop Insurance

Are you looking for cheap DIY shop insurance? Worried about the cost? Confused about what kind of insurance you need? Relax. Help is at hand. And not just from one insurer or broker, but from a panel of independent brokers!

With specialist insurance, you can protect your DIY shop immediately

Retail business insurance protects your store against various risks and claims, such as those from customers injured or ill by your products, or from employees who may have inflicted damages to your customers.

Each company has unique insurance needs, so you only have to pay for the cover you need. DIY shop insurance experts can arrange cover quickly and efficiently, ensuring you'll be protected in case the unexpected occurs.

How much does DIY shop insurance cover?

Retail store insurance is a type of business insurance that is customized to meet the needs of retail stores. The insurance covers all the protections you need under one umbrella policy. Some coverage options required by retailers are the same as those required by other types of businesses, however many retailers have specific insurance needs.

How much insurance do I really need for my business?

We all know accidents happen, but as a DIY shop owner, you have a responsibility to your customers, staff, suppliers and even for property belonging to third parties. Shop insurance should be an essential part of protecting your business against the unexpected.

If you are working with members of the general public, you will be required to have public liability coverage. And anyone who employs staff must have employers liability insurance.

Shop insurance protects your stock, products liability, fire and theft, property insurance, and many other options designed to protect your business and livelihood.

Get a free DIY shop insurance quote now!

Finding the right coverage for your business can sometimes be a challenge; but a broker panel can do it all for you!

In addition to the risks of locking up at night and taking your business online, DIY shops face their own challenges. It sounds unlikely, but accidents occur every day to hundreds of businesses, and a typical DIY shop public liability claim costs thousands. Brokers on the panel will do their best to protect your business, letting you focus on running your business.

What would a typical policy include?

Despite the fact that DIY shop insurance is flexible, there are a few essential elements.

You probably need to have employee liability insurance if you employ staff. It is designed to compensate employees who are injured at their place of employment.

The retail industry demands dealing with customers, which also means that public liability insurance is needed. This isn't a legal requirement, but if a customer or third party is injured on your premises or their property is damaged, it will be extremely helpful. In the event that a consumer makes a claim, public liability is designed to cover the legal costs and compensation.

Professional indemnity insurance can protect you against allegations of negligence if you offer advice that causes someone a loss or injury.

If your product causes harm to someone, an illness or loss of any kind, product liability insurance might cover claims, legal costs, and even reputational damage to your business.

Business interruption insurance may prevent the loss of income and your fixed costs that you might suffer when your DIY shop has to close due to damage caused by an unforseen event.

Consider purchasing buildings insurance for your DIY shop. You can cover your building or its fixtures and fittings against risks like fire, flood, vandalism or accidental damage.

Insurance for business contents can cover the interior of your store, from fixtures and fittings to business equipment, such as computers and technology equipment.

Stock insurance may provide protection up to a certain amount, and some insurers offer fast payments to aid cash flow. Of course, DIY shop owners store at least some of their stock in the DIY shop itself, and due to environmental risks or fires, it may be stolen or damaged.

Check your DIY stock insurance policy to find out if the value of the stock that is covered is adequate - it is easy to undevalue it - and figure out if you can increase the value covered around certain dates, such as Christmas or other times when you are likely to be extra busy.

A good broker can advise you on what exactly is covered under your insurance policy and possibly more importantly, what is not covered under it. Accidental damage can cover a wide range of situations, and it may not be covered by your insurance policy as a whole.

It's not too late to get quotes. Get some now!