Specialist Cycle Shop Insurance Cover
When insuring your cycle shop there is much to consider. Like all businesses if you have employees you are required by law to get Employers Liability, other than that most insurance is there to protect you, and make sure that you can consider trading even after a disruption.
Your business insurance policy will include policies to suit your business requirements, this is how we are able to provide you with better rates as we do not automatically assume that all or nothing applies to your business. We make sure we take the details on all of your associated risks so our cover will have the best policy wording and the cheapest market rates.
Package Covers Include:
The Buildings & Contents of the Premises
Your contents (and if selected buildings) are insured against loss or damage caused by a standard range of insured risks normally associated with your trade including Accidental Damage. In addition cover is automatically extended to include:
Damage to Underground Services
Trace and Access costs
Removal of Debris costs
Architect and Surveyors Fees
Automatic Reinstatement of Sums Insured
Money and Personal Accident (Assault)
Covers your business money In transit, on premises during business hours,
or in a bank night safe
In the business premises when closed for business or in the private dwelling
Personal accident (assault)
Death, Loss of Limb(s), Loss of Eye(s), Permanent Total Disablement £10,000
Total uninterrupted Disablement (up to 104 weeks) £100 per week
Damage to fixed glass and fixed items of sanitaryware
Goods In Transit (OPTIONAL)
If you have selected this option your needs are those of a retail business that delivers or collects goods and requires cover on those goods whilst in the course of transit
The following will automatically be included:
Employers Liability £10m
Public/Products Liability £2m
Legal costs and expenses
Loss of Gross Profit following loss or damage by an insured peril
Cover is extended to provide cover in respect of:
Prevention of Access
Specified Diseases, Murder, Suicide, Poisoning, Vermin or Pests,
Damage at Suppliers premises
Failure of Public Supply of Electricity Gas or Water
Failure of Telecommunications
The policy can be extended to cover damage and any subsequent loss of income caused by Breakdown to equipment or machinery (including computers and refrigeration equipment) up to the limits shown in the policy:
Commercial Legal Protection
Employment Disputes & Employment Compensation Awards
Our policy is a flexible retailers and you can elect to amend your sums insured and covers as you work your way through the quote engine so you derive a tailored and suited quotation.
Normally, you will have to pay a contribution towards the cost of any claim (this is known as the excess). These excesses will vary according to the covers you have selected and/or our assessment of your risk. Your Policy Schedule will show the specific excesses applicable to your cover.
Amongst other Exclusions as standard your policy excludes most Terrorism cover. You are able to purchase additional cover from us to include some aspects of this risk if required.
Correct values at risk must be advised to us. If the sums insured you request are not adequate this may result in the amount that your insurers pay to you in the event of a claim being reduced.
Your policy will be issued on the basis that you confirm the minimum standards of security apply to your premises.
As well as providing all the features you would expect from a general shop insurance policy, we also offer additional cover as standard relevant to cycle shops.
Cover for Service Indemnity, Road Testing, Demonstration by Customers, Demonstration Cover, Cycle Hire, Seasonal Stock Increases, Demonstration Days and Exhibitions.
Town & Country works with many insurers, we have excellent working relationships with all our markets and can achieve rates and cover levels our colleagues in the industry find it difficult to replicate.
We would welcome the opportunity to provide you with an insurance quotation when required, we are confident that you will be happy with the level of service as well as the cover and premiums that become available to you.