Due to the fact that you are offering products and services in such a way that you are inviting members of the public onto your premises, it is essential that you have retail shop insurance. In situations where a member of the public is injured on your premises, or their property gets damaged, you need to be covered with retail shop insurance so that you can deal with any costs that are associated with paying for someone’s injury (the legal cost of doing so, as well as compensation), and also for paying to replace the property of anyone whose property is damaged as a direct consequence of being in your shop.
It is a truism that it is impossible to predict an accident, and this is why going without retail shop Public Liability Insurance is to play a ludicrous Russian roulette with your livelihood. You may feel that the nature of your work, and the type of shop that you run, does not call for insurance, but this is never the case. It is as important for a wedding cake retail shop to have retail shop insurance, as it is for a store that sells sharp objects. Someone is just as likely to trip over in your shop as they are in any other shop. Trip slip fall incidents are indiscriminate, making retail shop insurance obligatory.
Say for instance a person was to fall over in your shop because a delivery was in process. You have, for arguments sake, a relatively small premises, and so the process of taking a delivery means that boxes have to be placed in pathways that are there, primarily, for customers to use. This chance occurrence is unavoidable, and it just so happens that you were unlucky enough to have a customer in whilst a delivery was being made. The cost of paying for the personal injury claim against your company, and the legal costs associated with this, are potentially so high that you simply would not be able to meet them without being able to claim against your insurance company – and all this for a comparatively nominal public liability insurance premium payment, monthly or once a year.
So when you open up your shop next, consider whether or not you have everything in order when it comes to your retail shop insurance cover. The cost of failing to do so could be overwhelming. Use online quotes to find the company that is going to offer you a great value premium and the right level of cover. Speak to the various companies that you shortlist and choose the one that best understands your personal needs.