Insurance for High Street Businesses
Get the right insurance policy from day one: Protect your shop, staff, and livelihood.
Running a business on the high street comes with a variety of risks; from customer slips to stock damage, or even a break-in overnight. Whether you’re selling clothes, cutting hair, pouring pints, or providing professional services, having the right insurance in place is crucial for your business.
Below is a breakdown of common business types and the policies they typically need.
Retail Shops
Examples: Clothing, shoe shops, newsagents, pharmacies, phone stores
Key Policies:
- Public Liability Insurance: This covers accidents involving customers.
- Employers’ Liability Insurance: This is required if you hire staff.
- Contents & Stock Cover: This is for damage or theft of goods.
- Buildings Insurance: This is if you own your premises.
- Business Interruption Insurance: This policy protects your income if you have to close unexpectedly.
Food & Drink Businesses
Examples: Cafés, restaurants, pubs, takeaways, bakeries
Key policies:
- Public & Product Liability: This policy protects you if someone gets hurt or ill.
- Employers’ Liability: This is a legal requirement for staff.
- Stock Insurance: This also includes food spoiling.
- Business Interruption: This is for if your business is forced to shut.
- Alcohol Licence Liability: This is very essential for pubs and off-licences.
Service Providers
Examples: Barbers, beauty salons, tattoo parlours
Key policies:
- Public Liability Insurance: In case of a customer getting injured on-site.
- Treatment Liability: This covers allergic reactions.
- Employers’ Liability: This is required if you employ people.
- Tool & Equipment Cover: This will protect the tools you use within your trade.
Professional Services
Examples: Solicitors, accountants, estate agents
Key policies:
- Professional Indemnity Insurance: This is for claims of negligence or bad advice.
- Cyber Liability Insurance: This protects your data and digital assets.
- Office Contents Insurance: This will protect the contents of your office.
- Public Liability: This will protect your business if a customer gets injured on your business’ property.
- Commercial Conbined Insurance: This protects your business using a wide range of policies.
5 Types Of Insurance Every High Street Business Should Consider
The great thing about high street businesses is the diversity. You can find big brands and small to medium size businesses operating within metres of each other.
Whether you run a large retailer or your own small business, insurance can save your skin more than you think. It’s there to protect you, your business, your employees and even the public. Below we are going to discuss which 5 insurance policies are vital for all high street businesses.
Why It Matters
Insurance doesn’t just tick a legal box, it gives you peace of mind. One accident, break-in, or power cut can seriously affect your income and business. With the right cover, you stay protected and focused on running your business.
Ready to Get Covered?
Fill out our step-by-step quotation form, and our team will get back to your as soon as possible.
