Shop and Retail Insurance

We arrange insurance policies for a wide range of retailers from butchers to bakers, furniture stores to florists and lots in between.

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shop to let

Shop Insurance

Your shop is a vital part of the local community and so having the right insurance policy to avoid unexpected closure is critical.

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milk

Supermarket Insurance

Whether you need high levels of stock insurance, business interruption cover, or loss of alcohol licence, we can arrange the right insurance cover for your supermarket.

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bread

Bakery Insurance

With access to quotations from a panel of UK insurers, we aim to offer cover that is competitive and meets the individual needs of bakers.

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Bike Shop Insurance

Keep the wheels turning knowing all your insurance needs are covered.

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steaks

Butchers Insurance

A butchers shop contains many hazards to both workers and the general public so having the right insurance is critical to running your business.

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Charity Shop Insurance

Whether you need high levels of stock insurance or business interruption cover, we can arrange the right insurance cover for your charity shop.

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shirts

Clothes Shop Insurance

Our flexible policies ensure that all areas of your shop are protected and this can include stock, cash, employees and members of the public.

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iron

Dry Cleaners Insurance

As you handle chemicals on a daily basis, accidents can be severe. Our experienced advisers arrange flexible insurance policies to keep you and your business safe.

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flowers

Florists Insurance

Keeping your stock fresh is important in the daily running of your business. The right insurance policy will help to keep your doors open and your stock protected.

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furniture

Furniture Store Insurance

Furniture can easily become damaged in a number of ways; by a member of the public or staff or in transit. Our bespoke policies can protect your goods and business from accidents.

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tomateo

Grocer Insurance

Your produce is central to the running of your business so insuring it against unexpected events and accidents is imperative.

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Jewellery Shop Insurance

Whether you need specialist stock insurance or business interruption cover, we can arrange the right insurance for your jewellery shop.

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wine

Off Licence Insurance

Off licences often have a unique set of hazards that standard insurance policies may not protect. We arrange bespoke insurance policies that offer extensive cover for all your needs.

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glasses

Opticians Insurance

Our team of insurance specialists understand the challenges that opticians face on a daily basis. That’s why our policies offer a wide range of cover for all your needs.

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pets

Pet Shop Insurance

There are many things to consider when owning a pet shop, and insurance to protect your animals, stock and the public should be at the top of your list.

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milk

Convenience Store Insurance

Your convenience store is likely to contain a wide variety of products that may need specialist cover. Our flexible policies can be tailored to your specific needs.

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About the Shop and Retail Industry

The retail sector is undeniably a huge sector. In 2014, 2.8 million people worked in retail** and in 2015 sales were worth a huge £339 billion. *** While 12% of sales come from online shopping ***, plenty of people still love to shop the old-fashioned way, heading to stores so they can see, feel, and try on or try out goods before handing over their money.

Heading to a shop is more of a personal experience. A lot of shops are part of a community and people love to chat to shop owners, workers, and other shoppers, or meet their friends, making it a social outing.

The retail industry is also incredibly varied, ranging from large chain stores with recognisable brands and the retail floor space or storeroom space to carry a large amount of merchandise, to small, independent boutique shops with quirky, unusual goods, to your local convenience store where you can pick up your daily paper or dash out to buy a bottle of milk in the evening.  

However, all shops have important similarities and a shared responsibility, whether they’re a grocer or butcher, optician or dry cleaner, clothes shop or furniture store: they all have a duty of care to everybody who enters their premises, whether a customer, supplier, employee or member of the public, and a need to protect their business and its assets. This is why obtaining adequate business insurance for your shop is essential.

At SME Insurance Services Ltd, we appreciate that shop owners are incredibly busy juggling a multitude of different ‘hats’ throughout their day, from manager to customer service assistant, cashier to accountant, and stock manager to health and safety adviser. Finding time to determine what sort of insurance you need to protect your business can be a very time-consuming task to add to your to-do list.

So we’ve made life easy for you. We offer flexible shop and retail insurance that can be tailored to suit your specific requirements. With many years’ experience in supporting shop owners around the UK, our knowledgeable team can advise you on the right level of business insurance for your shop.  

Why Insurance is Important for Shops

There are a number of key insurance covers a shop owner typically needs.

Employers liability insurance is the one cover you may be required to have if you employ anybody to work in your shop, whether on a casual, temporary, or permanent basis. This provides cover should an employee be injured or fall ill as a consequence of working for you. It could cover the cost of any claim, along with associated legal fees.

While not a legal requirement, public liability insurance is another important cover for shops. This provides cover if a customer, supplier, or member of the public is injured or their belongings damaged as a result of your negligence.

Your premises, along with any fixtures, equipment, and stock are often your most important business assets; without them you may struggle to trade. So you need buildings cover along with protection for your fixtures and stock. If you lease your premises, shop contents insurance might be adequate for your needs.

In addition, you may want to consider financial protection for your takings and money stored either on the premises or being taken to a bank, vehicle cover if you use a vehicle for your business, and business interruption insurance so you can continue to pay the bills should you be left unable to trade while your shop is closed for repair.

* We randomly surveyed 88 policyholders (3.84%) who obtained cover through us between December 2017 and June 2018. 97% made a financial saving by moving to SMEi, with an average saving of 23.97%. This data excludes commercial and residential insurance for landlords.

Feefo Reviews
4.6/5
Based on 194 reviews

92% of our customers would recommend our service.

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Customer Testimonials
SME Insurance is always best. We have more than 10 hair salons and they never forget the renewal time, never renew the policy without asking, customer service always polite and solve any problems quickly. Also I can see all of my policies on their portal, no waste of paper, everything online. Thank you SME!

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