Gift Shop Insurance

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What is Gift Shop Insurance?

Gift shop insurance can financially protect against unexpected events, including damage to your premises, injury to the public and employees and theft.

Compare Gift Shop Insurance Quotes

As the owner of a gift shop, you’ll know that there are several potential risks involved with running commercial premises, including water & fire damage, theft, injuries to members of the public or employees and more. In light of this, comparing insurance for your gift shop can help you find cover at the right price, giving you peace of mind that you are protected should the unexpected happen.

We understand that your time is valuable, so we have made it quick and simple to compare quotes. At Quote Goat, we help businesses compare gift shop insurance quotes from a panel of leading insurance providers. Upon submitting the quote form, up to 5 insurance providers will contact you with quotes to insure your gift shop.

What Does Gift Shop Insurance Include?

Typical covers that you may want to include in your gift shop insurance policy are:

Commercial Buildings Insurance: If you have a mortgage on your gift shop, your mortgage provider may require commercial buildings insurance. If you are a tenant, then it is standard practice for the landlord to arrange commercial buildings insurance and pass the cost onto you as the tenant. However, this can vary depending on your contract, so you need to know your position. Commercial Buildings Insurance works similarly to home buildings insurance. The policy dictates what cover you have. However, in general, it covers the property in the event of damage, fire, vandalism, burst water pipes, subsidence and business interruption insurance if you lose income due to an insured event that damaged the property.

Gift Shop Contents Insurance: Your gift shop will most likely have a fair amount of expensive electronic equipment and furnishings in store. Contents insurance can cover you for theft, flood & fire damage & vandalism to the contents of your gift shop.

Employer’s Liability Insurance: If your gift shop has employees, it is a legal requirement to have employer liability insurance. This cover can protect you against the cost of court fees and compensation should an employee claim due to a work-related illness or injury.

Public Liability Insurance: Due to the high customer and public footfall in gift shops, it is sensible to have public liability insurance in case of injury or property damage caused by your gift shop.

Stock Insurance: Gift shops often carry a lot of stock. Stock insurance covers the cost of replacing damaged, stolen or destroyed stock. It is important to note that the claim amount will be for replacing your gift shop stock at cost, not at the recommended retail price.

What Level Of Gift Shop Insurance Do I Require?

If you are unsure about the level of insurance you require, insurance providers can answer all of your questions when they call you to discuss your quote.

Written By Michael Foote, Insurance and Finance Expert

Michael Foote is the founder of Quote Goat and has over 13 years experience working in the finance, insurance and currency sectors. Since launching Quote Goat he has appeared on TV as well as many of the largest online publications including Forbes, The Telegraph and The Metro. Prior to Quote Goat, he worked in finance in the city for a number of firms including HSBC.