Newsagent Insurance

Most shops will face common threats such as damage, breakages, loss of stock or criminal activity. As a newsagent, you should think about your location and what specific threats you think your business is likely to encounter.

It can be a constant balancing act. On the one hand budgets can be tight, so you naturally want something which protects against the common risks you might face. On the other, you don’t want to be left having to foot the bill if you discover you’re not fully covered. Think about what might happen, calculate the total cost of rebuild of your property and the value of contents. This will give you an idea of the maximum losses you might incur in the worst case scenario.

Get in touch with your insurance provider as soon as possible. The more information they have, and the quicker they find out, they easier it will be for them to help.

If you don’t have public liability insurance for your newsagents, then you may have to pay compensation or legal fees if a claim is made against you.

For this reason, it is important to get liability insurance, which can cover you for any injuries caused by your business activities or unintentional damage caused by one of your employees.

On average, public liability insurance premium in the UK costs around £120, but sole traders and small businesses like newsagents can expect to pay less than that, with certain insurance premiums costing only £40 a year.

However, there are numerous factors and insurance requirements to be aware of that can affect the cost of public liability cover, such as the amount of cover, work premises, and your claims history.

Small businesses like newsagents need insurance to cover them against day-to-day risks, such as accidental damage to fixtures and fittings, financial loss, and business property damage.

Without newsagent insurance, business owners may have to pay for costly damages and legal expenses against their shop themselves, which can end up leading to bankruptcy.

Compare newsagents insurance quotes

To compare prices and business insurance quotes for convenience stores and traditional newsagents, use our online quoting tool for the best newsagents insurance, business interruption insurance, stock insurance, commercial insurance, contents insurance, buildings insurance, and much more.

There are three main aspects that a good retail insurance policy should cover for a small business like a newsagent:

• Premises and stock (buildings and stock cover)

• Your customers (public liability insurance) 

• Your employees (employers’ liability insurance)

Small businesses like newsagents need business insurance cover to protect them against risks that can occur day-to-day, such as injuries from business equipment and stock or premises damage.

No, public liability insurance is not compulsory in the UK. In fact, the only business insurance that is legally required is employers’ liability insurance for business owners who employ staff.

However, liability shop insurance covers you for the cost of any claims that are made against you, so it is important for any business to get liability insurance even though it is not mandatory.

If you aren’t fully protected by employers’ liability insurance that complies with the law, then you are at risk of being fined £2,500 on a daily basis.

In the UK it is compulsory to have employers’ liability insurance from an authorised and regulated insurer that will cover you from at least £5 million.