The very nature of a Butcher’s job creates a level of risk in the working environment for you, your employees & the public. Having the right butcher’s insurance in place will enable you to run your business with the peace of mind that you are protected should the unexpected happen. Due to this risk, it is advisable to speak to a specialist insurance provider who understands your requirements and can create a bespoke solution for your Butchery.
Quote Goat works with a panel of leading insurance providers, making it quick & easy to compare Butcher insurance by entering your details in one place & receiving up to 5 insurance quotes.
Types of Butcher Insurance
The level of butcher’s shop insurance you need should be discussed with an insurance provider when you talk about your quote. However, below are some of the more typical covers that you may include.
Buildings Insurance: If you own your butcher’s shop, business buildings insurance gives you cover for the building that you run your butcher’s from and will include cover for fire, floods, riots and subsidence. If you rent your butchery, then you should check what is covered with the landlord as more often than not it is the landlord who will organise buildings insurance.
You should always insure your business premises against the cost of rebuilding the property, not against its sale price or current market value.
Contents Insurance: As well as the physical building, your butchery will most likely carry stock, equipment, machinery & more. Contents insurance can cover the cost of replacing your equipment and stock should it be stolen or damaged. If you rent your shop, it will usually be your responsibility to arrange contents insurance, not the responsibility of your landlord. It is important to bear in mind that contents insurance for your stock will cover for the cost price of your stock and not the sale price.
Other Ways Butchers Can Reduce Operating Costs
With high streets struggling up and down the country, one of the best ways to help your business is to reduce outgoings to a minimum. As well as taking steps to reduce costs by comparing butcher insurance, you may also want to look at comparing business energy suppliers which creates an average energy bill saving of 40% per year.
Financing Options For Butchers
If your Butchery requires funding for expansion, staffing, tax bills, stock, new equipment or any other business area, Quote Goat works with a panel of business finance & funding providers that can help your Butchery access the finance it needs to prosper. Financing can take a number of forms including invoice finance, asset finance & merchant cash advances.