What is Butcher’s Insurance?
Butcher’s insurance is a tailored policy consisting of a selection of covers designed to protect your business should the unexpected happen. It will often include covers that are legally required, such as employer’s liability insurance and protection for areas such as damage to your property.
The very nature of a Butcher’s job creates a level of risk in the working environment for you, your employees & the public. 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 butcher’s shop. Having the correct 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.
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What May Be Included In A Butcher’s Insurance Policy
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 typical covers that you may include.
Buildings insurance: If you own your butcher’s shop, commercial property insurance gives you cover for your premises and will include cover for fire, floods, riots and subsidence. If you rent your butchery, 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. It is important to bear in mind that contents insurance for your stock will cover the cost price of your stock and not the sale price. If you rent your shop, it will usually be your responsibility to arrange contents insurance, not the responsibility of your landlord.
Employer’s liability insurance: Employer’s liability insurance is a legal requirement for companies that have employees; without it, your business risks a fine of up to £2,500 every day it is not in place. Due to the nature of the business, working in a butcher’s shop comes with inherent risks that are not typical in general retail. Therefore, it is advisable to make sure you have the right level of cover in place.
Public liability insurance: protects your business in the event of claims for damage or injury made by members of the public.