When insuring your sports shop there is much to consider. Specifically you want to consider what type of cover you need and want. 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.
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 sanitary ware.
Goods In Transit
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
Employers are responsible for the health and safety of their employees while they are at work. Your employees may be injured at work or they, or your former employees, may become ill as a result of their work while in your employment. They might try to claim compensation from you if they believe you are responsible. The Employers’ Liability (Compulsory Insurance) Act 1969 ensures that you have at least a minimum level of insurance cover against any such claims.
Similarly to Employers' Liability this covers any injury or illness that any member of the public may incur due to partaking in your services or that is in some way your responsibility. Unlike Employers' Liability this is not required by law, although it is a very good idea for anyone in the leisure industry to have public liability. Without public liability the company, or even its directors or owners can be held responsible for any loss or claim, potentially bankrupting not only the business but its owner or directors as well.