Soft Furnishings Shop Insurance

Looking for soft furnishings shop insurance? Worried about the cost? Unsure about what kind of coverage you need? Relax. A panel of insurers and brokers is available to help!

Protection in minutes with specialized insurance

Your retail business can be covered by shop insurance against various risks and claims. These may come from your customers who have been harmed or sickened through your products, or from damage done by your employees.

Soft furnishings shop insurance experts offer a wide range of policies to meet the specific needs of your business, and can arrange cover as quickly and efficiently as possible, ensuring you're covered if the unexpected occurs.

What is a soft furnishings shop insurance policy?

Retail insurance is a type of business insurance that is tailored to meet the requirements of retail premises. A shop insurance policy provides you with all the protection you need under a single umbrella policy. While many of the coverage options required by retailers are the same as those required by other businesses, some shops have unique needs when it comes to business insurance.

Can I really afford to insure my shop?

Accidents do happen, but you have a responsibility to your customers, employees, suppliers, and for the property of others. Any shop owner should prioritize shop insurance as a way to protect against the unexpected.

Anyone who deals directly with the public or who employs people must have public liability insurance. Employers of staff must have employers' liability insurance as well.

If you own a shop selling soft furnishings, you will also need product liability, fire and theft, and property insurance policies to protect your livelihood and your business. Get a cheap shop insurance quote today!

A broker panel can take the hassle out of finding the right cover for your business for you; sometimes finding the time isn't an option.

The risks associated with running a furnishings shop are unique. While it sounds unlikely, accidents happen every day to hundreds of local businesses, and the average public liability claim can cost thousands. Having a broker on the panel protects the business you've built, allowing you to focus on running your business and earning money.

What is the cover provided by shop insurance?

Shop insurance can be tailored to cover specific risks to your business, but there are a few elements that form the core of the policy.

Employee liability insurance is likely a legal requirement if you employ staff. This is designed to compensate employees if they are injured in any way due to their work.

If you run a soft furnishings business, dealing with customers also means you need public liability insurance. It's not a legal requirement, but if a customer or third party is injured on your property, this insurance is vital. Customers who make a claim may receive compensation and legal fees from public liability.

If you offer advice or expertise from your soft furnishings shop, you may require professional indemnity insurance. If a client doesn't like the advice you offer or believes you have been negligent, this policy can protect you.

In the event that a product you sell or manufacture causes injury, illness, or loss, product liability insuranc could protect you against lawsuits, legal bills, or even damage to your company's reputation.

The loss of income may be covered by business interruption insurance if your soft furnishings shop has to close because of some unforeseen event.

If you own your soft furnishings shop, you may be able to get buildings insurance to cover its structure and fittings against damage caused by risks like fire, flood, vandalism and terrorism.

Getting business contents insurance can provide cover for the interior of your soft furnishings shop, including fixtures and fittings, business equipment, computer systems, and furniture.

Almost all soft furnishings shop owners store some stock on-site, and it can be stolen or damaged through risks like fire or flooding. Stock insurance protects it up to a certain amount, and some insurers offer fast payments to help with cash flow.

Stock insurance policies should be checked to ensure that the value is enough for your needs, as well as to check whether it is possible to increase the value covered during special occasions such as Christmas.

The term "accidental damage" can be used to refer to a variety of situations, and may not be included as standard under your soft furnishings shop's insurance policy. An insurance broker can advise you on which types of damage are covered and which are not.

Obtain quotes now! A range of brokers are available, all regulated by the Financial Conduct Authority and they will help you compare quotes to find the most appropriate policy for your needs.