Having adequate insurance is vital for any business, so if you own a bike shop, you will need to make sure you have a good cycle shop insurance policy. A standard domestic home and contents policy will not be sufficient, because it does not take into account stock and the fact there are customers and staff on the premises. Cycle shop insurance should include:
- Buildings insurance, including for external signage and shop fronts
- Cover for damage/theft of contents and stock
- Compensation for loss of profits should the shop be out of action following a claim
- Employer and public liability – covers the costs of damage, expenses and legal bills if an employee or member of the public is injured in your shop
You can tailor the standard business liability insurance policy for a cycle shop to suit your individual needs, and add things like cover for if an employee steals from you, for added peace of mind.
See the table below and click on the links to get cycle shop insurance quotes.