Clothes Shop Insurance
If you’re an independent retailer you’ll be well aware of the unique set of issues you face in terms of running your business effectively and successfully, and getting your insurance sorted out is certainly one of these. There are some insurance types you must have, and some you can opt to have, but which may allow you to cope better with the unexpected events that invariably seem to crop up.
Your clothes shop staff make you an employer, which means you must legally cover yourself with employers’ liability insurance. Any vehicles you use, for example when transporting clothing stock to and from locations, must also have motor insurance cover as standard.
Your clothing retail outlet itself is something that can succumb to many risks. Buildings and contents insurance for your clothes shop should be tailored to fit your own needs. For example, it’s worth making sure your cover includes your stock, fixtures/ fittings, and equipment you use in the store such as cash registers and safes.
If you do have quantities of cash stored within the clothing shop, money cover may also be worth considering, vital in cases where you are robbed. If something happens within your unit, the surrounding retail environment or indeed in your own life that stops your shop from operating for a certain period of time, you may be glad to have opted for business interruption insurance. Goods in transit insurance is another potentially valuable option, covering you for any damages to clothing while it is being transported.
