A shop insurance policy covers the shop owner against any legal liabilities and risks that come as standard to the retailer.

It is in fact very easy to get a shop insurance quote; most companies allow the retailer to apply online. Once the application has been received they will then make a call to the shop owner in order to discuss different policy options.

Shop insurance is different to that of public liability insurance and employer’s liability insurance. Shop insurance goes that one step further by allowing the retailer to cover exactly what public and employer’s liability insurance covers, as well as the shop assets.

Retailers that own the likes of coffee shops, florists, hairdressing salons, newsagents, retail franchises and takeaway shops should all consider investing in shop insurance.

Shop insurance covers the retailer against the likes of legal fees and any claims made by the public; this could be due to an accident that may have occurred on the shop premises. It also enables the storeowner to meet the cost of any damages and legal fees for employees who are injured. This could be due to faulty machinery or quite simply negligence on your behalf.

Shop insurance also protects the retailer’s assets. Without shop insurance, anything that becomes damaged belonging to the shop premises would have to be replaced out of the retailer’s own pocket. This could be a great expense and one that could in fact cost the retailer their business in the worst-case scenario.

Look for an insurance cover that ties everything you need into one complete bundle. This way you won’t have to worry about adding on any extras, which would of course come at an extra cost.

The shop insurance should cover the shop premises, the stock, the contents, the money and also the store equipment.

Towergate Insurance are not just experts in specialist insurance; they also offer a wide range of business insurance for everything from doctors to tradesmen and just about everything in between. Towergate offer an insurance comparison as they work with a panel of leading insurers, so you will be able to see exactly how much you’re paying and exactly what you’re getting for your money. You can have a chat with an expert from the UK based customer service centres, or an online quote takes just five minutes.

As ever, Towergate’s insurance policies are tailored to your individual needs and you can pick and choose the right level for you at the right price. With five to choose from, you might even pick up a bargain!

Some specialist business insurance policies offered are:

Marine Trade Insurance
With 30 years of experience and specialist knowledge of the risks involved in the Marine Trade, Towergate experts will be able to answer any questions you may have, and maybe a few you never thought of!

Residential Landlord Insurance
TowerGate includes cover if you choose to let out your property through an agency or privately and accidental damage as standard.

Home Business Insurance
If you use your home as a place of business and a client steal or inflicts damage to your property, you may be surprised to learn that your standard home insurance may not cover you. Towergate specialises in providing insurance cover for homes also used as a place of work.

Hotel and Guesthouse Insurance
If you are running a hotel or guesthouse, whether you’re established or brand new to the hospitality trade, Towergate can provide exactly the level of cover required to give you and your guests piece of mind. From buildings insurance to public liability, you will be sure to get everything you need at a cost that won’t break the bank.

Does your business need public liability insurance?

It is not compulsory by law to have public liability cover, but it highly recommended, whether you are a self-employed small business, an employee or a company director. All of these positions leave you potentially liable for claims caused by injury to a member of the public or property damage. The law will hold you financially responsible for losses created through negligence on the part of the business or any employee of it and this can mean damages plus legal and medical costs. Most insurance providers that offer public liability policies – such as Endsleigh – will have specialised policies for different types of business, with further information available online at company sites such as http://endsleigh.co.uk.

What areas does it cover?

Public liability insurance provides protection against the risk of bodily injury or property damage caused by negligence. In terms of injury, this means to a member of the public or a client – not to an employee of the business. With property damage it can cover damage to property owned by a third party or that owned by the business. It also covers you for such injuries and damage which occur away from your business premises. It does not provide protection in the wake of claims against you or your business for negligent advice – for example an inaccurate diagnosis made by a doctor. It also does not cover injuries to employees of the business – this is covered by employee liability insurance.

How much does it cost?

While the premiums vary, basic level public liability cover can usually be secured for approximately £60 per year, with the addition of tax on insurance premiums. The factors that lead to varying prices include the type of business, the number of employees and the level of estimated risk based on these factors. Small businesses are currently advised to seek cover at a minimum level of £1 million, while larger businesses are advised to seek around £10 million cover.

In order to determine the right business insurance for your company, you should identify the risks your company faces and log in to http://www.towergateinsurance.co.uk to see what policy is fit for your company’s profile.

What is Business Insurance?
Business insurance is a tool that helps companies transfer the risk of a potential loss to the insurance company. This insurance covers risks like fire, natural disasters, theft, accidents that can lead to the disability or death of key employees, legal liability and many more. Insurance helps the owner to protect himself financially from events that can stop operations, decrease profits, or even take the company to bankruptcy.

The owner must first determine what risks might affect his company’s well-being and whether they can be reduced or eliminated. The risks which he finds affect the company on a bigger scale and he cannot assume the consequences, will be transferred to an insurance company.

What Does It Cover?
The business insurance covers:
• property losses due to theft, loss of use or damage
• legal liability that can be on a general basis like injuries which took place on the company’s property, or due to the company’s fault, and product liability which refers to defective products made by the company or bad services that the company has performed
• workers’ compensation insurance refers to medical coverage in case of accidents to employees either on the company’s property or in other places
• the company vehicles have to be insured
• the loss of key employees
• life and health, it refers to the coverage of employee welfare
• business interruption refers to protection in case the company needs to stop working
• opportunity plans for businesses refer to insurance packages which combine multiple risks
In order to determine the risks your company faces and transfer them to an insurance company by obtaining the right business insurance, visit http://www.towergateinsurance.co.uk for help and advice.

Lovemoney.com is a website that tries to make you aware of all the general issues that may occur when taking a financial decision. Although they are not a regulated financial advisor and they cannot give personal advice, they hope that the members can help each other so that they have a solid starting point.

The website has a variety of software tools that help a person have a much better understanding of the prices and fees that are involved before making a financial decision.

Loans

A person can choose what type of credit cards he would like to have according to his individual preferences. There are many credit cards on the market, so a person can narrow down the search by selecting from the main types: 0% on balance transfer, 0% on new purchases, 0% on balance transfers and new purchases, cashback, donations to charity, a fixed rate for life of the balance transfer and other benefits.

If someone is interested in acquiring a personal loan, they can find here what the market has to offer in order to make the right decision. There is a tool that can calculate the monthly repayment and the total amount repayable for the loan for each lender on the market. Moreover, a person can find a tool for mortgage calculators; all a person has to do is to enter the required information in the fields.

Savings

If a person would like to save money, there are a number of articles that can help in choosing the savings plan that best fits one’s needs. A person can choose from fixed rate saving accounts, cash ISAs or instant access savings accounts. On the website, there is a tool that can compare the different types of the available savings options.

The site offers advice for car, home, life and travel insurance. A person can use the online tool to find the best insurance for their needs.

So, if a person is looking for financial advice, then lovemoney.com is the best place to start.

Professional indemnity insurance is designed to protect businesses from liability. This could be in the form of loss, damage, injury or negligence claims made by clients. Businesses that offer services or products based on professional knowledge should have professional indemnity insurance. Some specific professional fields that need to have professional indemnity insurance include firms providing legal service or architectural services. Also, accounting, information technology and financial service fields need to have professional indemnity insurance. When looking for a professional indemnity insurance policy, there are some things to keep in mind in order to help obtain appropriate coverage. There are several key aspects that will influence the amount of your professional indemnity insurance premium.

One thing that determines the insurance premium is the nature of the business. The type of services being offered by the business directly correlates to the inherent risks of that business. Perceived risks are used to calculate premiums. Many professional indemnity insurance policies can be tailored to provide protection to certain fields based on their common risks.

The level of risk is another determining factor. Certain businesses are at a much greater chance for serious claims than others. For instance, an architectural firm could be sued if they structure they designed collapses and injures people. However, the impact of a data error from an information technology firm isn’t going to have as great of a risk because it will not potentially cause human injury or death.
Another piece of information that will determine the premiums for professional indemnity insurance would be the company’s history. This would be your company’s history with other claim. There could be claims dealing with advice, damage, injury or negligence. If a company has already had several claims filed against them then they are perceived as a greater risk than say a company who has had no claims made against them. As a result, the premiums for the company with claims made will be higher.

If you are a current business owner or about to start up a business then you should know that investing the right type of insurance is a must!

Without insurance you will not only be jeopardising your company, you will also be putting the likes of your customers, your employees and yourself at risk.

Finding a cover to suit your needs isn’t as daunting as you may think and there is an assortment of providers on the market. All will cater to suit a different need however, which is why it is important to really look into what is on offer.

Endsleigh offer some great options to those that own a company, shop or any sort of office building. These include the likes of tradesman insurance, office insurance, shop insurance, professional indemnity insurance, pub insurance, public liability insurance, student union insurance, gym insurance, teacher and tutor insurance, commercial insurance, sports insurance, solicitors professional indemnity and also the likes of charity insurance policies.

Three of the most important types of business insurance policies come in the shape of public liability insurance, which basically covers the business owner if a member of the public becomes injured inside your company environment. This could be a simple thing such as slipping on a wet floor, tripping over a loose tile or even a box that has been left unattended. If the customer were to make a claim against you then you would be covered with public liability insurance.

Shop insurance is another important policy to look into if you own your own boutique for example, without such an insurance any damage or theft of any business contents will have to be paid for out of your own pocket, and the same goes for loss of profits if your building becomes damaged and has to undergo a series of work.

Tradesman insurance is another important policy to look to if you have the needs of both your employees and yourself at heart. If you were ever to unfortunately be taken to court due to a claim against negligence then a tradesman insurance will cover you with up to £2 million as standard of public and products liability costs.