Be it fashion or electrical retailing, the core of your business is to provide your clients with what they want. A faulty batch of products could leave you really hard hit financially, especially if the fault was identified after the products had been sold. Key points when considering the elements of your policy would be, what are your trading methods? Where are your suppliers located? Do you own or lease the premises? What is your debt book exposure? What is the value of your stock?
We would suggest the following insurances as being key to retailers, and you should consider these as elements of your policy;
Public Liability Insurance
Employers Liability Insurance
Business Buildings & Contents Insurance
Legal Expenses Insurance