The beauty of working in fashion retail is that you can run your business exactly as you see fit. Insurance might not be as glamorous as the clothes you produce but it can offer you the security you need to grow your retail empire.
At Direct Line for Business, we offer personalised business insurance that can cover your services, your employees, your workplace and your stock. You can pick and choose from a range of cover options to create a policy that reflects your unique business needs.
As a retailer, public and product liability cover is something you should consider. Whether you see your customers face-to-face or just sell online, product liability insurance is crucial to cover you against claims. If a child choked on a loose button from a piece of clothing you sold, product liability would cover any compensation and court fees if legal action was pursued.
Public liability will cover you for accidental damage to other people’s property or injury caused by you or your property. This could be at your shop or when trading at markets and fairs.
It doesn’t matter if you sell from a shop, online or at fairs, you’ll still have a considerable amount of valuable products and materials that need the right cover. Whether you purchase wholesale or create your own designs, stock damage is a major concern for a retailer.
We can cover the stock and raw materials at your premises and you’ll also get an extra 25% covered for two months of your choice (seasonal increase only). This is especially useful if you have a busy period when the new season starts or you increase your stock to meet higher demand, e.g. at Christmas.
There are other issues to consider when deciding what type of cover to include in your business insurance policy. What if there was a fire in your clothes shop or home workspace? Many small businesses would struggle with the costs of repairing the damage. You can add buildings cover to your insurance policy to help cover these costs.
Add any of the following cover options to your Clothing and Accessories Retail Insurance policy to create cover that precisely fits your business needs. These covers are subject to policy conditions and limits.