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Retail Insurance Checklist — What Should Your Shop Be Covered For?
Whether you are opening your first shop, expanding to the high street or reviewing an existing policy, this checklist helps ensure your retail business is properly protected against common risks.
Essential Insurance Covers for Retailers
- Public Liability Insurance – cover for injury or property damage to customers and visitors
- Employers’ Liability Insurance – legally required if you employ staff
- Stock Insurance – protection for goods against fire, flood, theft or damage
- Contents & Equipment Cover – fixtures, fittings, tills and POS systems
- Business Interruption Insurance – loss of income following insured damage
- Theft & Malicious Damage – break-ins, vandalism and attempted theft
Additional & Specialist Covers to Consider
- Cyber & data insurance (POS systems, online sales, customer data)
- Goods in transit (deliveries, click-and-collect, couriers)
- Refrigeration & food stock spoilage (food retailers)
- Money & cash cover (tills, safes, cash in transit)
- Legal expenses & contract disputes
- Seasonal stock increases & peak trading periods
Common Retail Insurance Mistakes
- Under-insuring stock and contents
- Incorrect business interruption limits
- Not declaring online or e-commerce sales
- Missing cyber or data breach cover
- Failing to update policies as the business grows
Why Use Insure24 for Retail Insurance?
- Specialists in independent & high-street retail risks
- Policies tailored to your shop type and turnover
- Access to leading UK retail insurers
- Support with cover review and claims
FREQUENTLY ASKED QUESTIONS
+- What insurance does a small retailer need?
Most small retailers need public liability, employers’ liability, stock insurance and business interruption cover.
+- Is shop insurance legally required?
Employers’ liability insurance is a legal requirement if you employ staff. Other covers protect your business but are not legally mandatory.
+- How often should retailers review insurance?
Policies should be reviewed annually or whenever stock levels, turnover or business activities change.
+- Does this checklist apply to online retailers?
Yes. Online retailers should also consider cyber, data breach and goods-in-transit cover.
+- Can Insure24 review my existing shop policy?
Yes. Insure24 can review existing policies to identify gaps, under-insurance and cost savings.