What is Book Shop Insurance?
If you run a book shop, you may want to either consider getting insurance or indeed be required by law to have certain types of insurance, e.g. employer’s liability insurance if your book shop has employees.
Book shop insurance can protect against a range of risks depending on the level of cover you opt for. This may include cover for your stock, equipment, premises, furnishings, employees & customers.
To get expert advice on what level of cover you need, you may want to speak to a specialist commercial property insurance provider who will be well-versed in helping business owners choose the right level of insurance; this is where we can help. At Quote Goat, we make it easy to compare book shop insurance quotes from a panel of leading insurance providers. After submitting your details once, you will receive quotes from up to 5 book shop insurance providers with whom you can discuss your exact requirements.
Do I need insurance for my book shop?
Yes and no. If you employ staff, you will almost certainly be legally required to have employer’s liability insurance which can protect your business against should an employee suffer injury or illness as a result of working for you.
If you own your business premises with a mortgage, the mortgage provider may require you to have buildings insurance in place. Business buildings insurance can cover you if your book shop premises is damaged or destroyed.
If you rent your business premises, then it is usually your landlord’s responsibility to arrange business buildings insurance, but it is always advisable to check this with them. In this sort of arrangement, the cost of the cover is often passed on to the business owner.
You may also want to cover contents insurance to protect equipment & furniture inside your shop which typically covers you against theft, damage and loss.
Given the very nature of a book shop, having stock insurance could mean the difference between your business surviving an unexpected event or having to shut down as a result of it. With stock insurance, you are typically protected if your stock is damaged, lost or stolen with the policy paying out to replace the stock at cost price, not retail price.
Compare Book Shop Insurance Quotes
Having the right shop insurance in place can give you the peace of mind that you need to run your business, knowing that you are covered against many undesirable situations. Comparing book shop insurance is free & easy with Quote Goat, get started by clicking the quote buttons on this page.