Insurance for Gift Shops
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What is insurance for gift shops?
Insurance for gift shops (the many types of cover available to gift shop owners) can help protect your business from the cost of everyday risks, like customer injury, damaged stock, and much more.
Running a gift shop comes with risk, from trip and fall injuries to a cyberattack targeting your customer data. Risks like these (and many others) can be expensive and damaging to your business.
With your hard-earned money tied up in stock for your business, it makes sense you would want to protect it. And for many gift shop owners, that means having business insurance.
Why do gift shops need insurance?
Gift shop owners may need business insurance to cover unexpected interruptions to business operations:
Lease shop space.
Replace lost or damaged stock.
Recover from a cyberattack.
Protect against potential financial losses.
Types of gift shops we cover
Gift shops of all shapes and sizes and covered by BizCover!
Gift Shops
Online Gift Shops
Souvenir Shops
Arts & Crafts Shops
Toy Shops
Game & Hobby Shops
What types of insurance do gift shop owners need?
BizCover has insurance options for busy gift shop owners.
Tailor your quote to your business risks, compare cover options, and buy online today.
Popular cover types for gift shop owners:
Gift shops could also consider:
Let’s cover your small business on the go
Start a quote to see how much you can save and buy online in minutes.
How much does gift shops insurance cost?
The average cost of business insurance for gift shops is $67 per month with BizCover.
However, the cost of your policies will depend on different factors, such as value of your stock, and location of your business.
Factors influencing cost
Risks of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
*Customer Average Monthly Payment Report is based on 1 July 2023 to 30 June 2024 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply.
Get cover that works with the risks of your business
Select different cover amounts for each policy listed below.
This is the most you will be paid out if you need to make a claim.
Unsure how much to choose? Think about:
Statutory Profession Requirements
Cover required by contracts
Number of employees being covered
Your contract value
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
Factors influencing cost
Risk of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
Customer Average Monthly Payment Report is based on 1 July 2023 to 30 June 2024 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply.
Get cover that works with the risks of your business
Select different cover amounts for each policy listed below.
This is the most you will be paid out if you need to make a claim.
Unsure how much to choose? Think about:
Statutory professional requirements
Cover required by contracts
Number of employees being covered
Your contract value
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
How it works – buying online
5 easy steps to get instant cover online today
Select Profession
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Add Business Details
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Get Covered Online
5 Steps to get your biz insured:
- Enter Occupation
Search & select your occupation
- Choose Cover(s)
Select the cover you need
- Business Details
Tell us about your business
- Compare Quotes
Compare prices & select quotes
- Get Cover Today
Instant policy docs to your inbox.
How to make a claim online
We’ll assist you through the claims process & manage the claim directly with the insurer.
Let us know Fill out our
claims form and provide info
to support the claim
Receive extra support We
will assist you with your claim
Claim results We will notify
you of the claim outcome.
3 Steps to get your biz insured:
- Let us know
Fill out our claims form and provide info to support the claim.
- Receive Extra Support
We’ll assist you with your claim.
- Claims Results
We’ll notify you of the claim outcome.
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We’re not ones to blow our own trumpet, but we are pretty proud of our innovative insurance platform, outstanding team, and stellar workplace.
See how much others have saved while purchasing policy through BizCover
Colette
Disability Care Worker from
NSW
Saved
$1,200
on
Public Liability and Professional Indemnity insurance
Andrea
Beautician from
VIC
Saved
$1,500
on
Business insurance Pack and,
Public Liability and Professional Indemnity insurance
Deborah
Cleaner from
VIC
Saved
$3,600
on
Public Liability insurance
Lance
Electrician from
ACT
Saved
$800
on
Public Liability insurance
Stephen
IT Professional from
VIC
Saved
$1,500
on
Information Technology Liability insurance
Linda
Restaurant owner from
NSW
Saved
$1,000
on
Business Insurance Pack and
Public Liability insurance
^ Savings made from January 2024 to April 2025. This information is provided as a guide only and may not reflect pricing for your particular business, as individual underwriting criteria will apply.
Frequently asked questions
If you operate through a shop, you want customers in your store. Public Liability insurance is designed to provide protection for you and your gift shop business in the event a customer, supplier or a member of the public is injured or sustains property damage as a result of your negligent business activities.
As a gift shop owner, you may hold sensitive customer data, such as credit card details. Cyber Liability insurance is designed to help protect your gift shop business from claims and support your profitability in the event of a cyber breach or attack. Costs associated with defending a cyber claim are also covered.
Hear from our customers
Real-life customer reviews verified by Feefo
Excellent, thank you. Quick and easy to fill out
Susanne F
Easy site navigation easy to set up and a great price. After shopping around via phone and internet I still saved $300!
Ron R
Very easy procedure. A lot of time saved searching
Kym R
This was so easy, love it and will do all my insurances on line from now on
Karin S
Real-life customer reviews verified by Feefo