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Why do Gift Shops need it?

With your hard earned money tied up in stock for your business, it makes sense you would go to all lengths to protect it. And that means having the right insurance, at the right price, of course. Let BizCover give you the gift of hassle-free insurance with multiple competitive insurance quotes in minutes.

Did you Know?

Public Liability Insurance: The average level of cover our customers take for their gift shop business is 20 million dollars.

Insurance for Gift Shops

Public Liability

If you own a shop, you want customers in your store.  And when they are there, you need to be confident that you are not at financial risk should an accident happen, such as a display collapsing on a customer, or a customer tripping on stock that was left on the floor. The right Public Liability insurance will also cover you in the case of you accidentally causing damage to third party property, whether on your premises or at another location such as a supplier’s premises or a trade exhibition.

Business Insurance

Your customers are important but so is your stock, shop contents, and building. Without the right cover, you could be hit with a few unwanted financial challenges that could throw a spanner in the works. Business Insurance cover includes:

  • Contents – protecting the contents of your shop from burglary, theft, or even damage is a wise move. This is not only your stock but also includes your displays stands
  • Building – If you own the building where your shop operates from, you will need insurance to cover a rebuild should you suffer a fire or storm damage
  • Business Interruption – could your business survive being shut for a week?

Cyber Liability

Holding customer data, such as credit card information, comes with its own set of risks. If you are you selling online and collecting customer data (including credit cards) then protect your business from unwanted claims arising from data breaches.

Cords causing chaos

A gift shop owner outdid herself with a beautiful new display with exquisite lighting. A cord coming out from the stand caused an obstruction and a lady visiting the store tripped and broke her wrist. $12,000 was paid out for medical costs, lost work and rehabilitation.

Damage control

A gift shop owner rented premises in a quaint free standing terrace. A large storm caused the outside drains to be blocked resulting in water leaking in through the roof and damaging stock and fixtures in the store. $8,000 was paid out in damages.

3 things to ask yourself when buying insurance

  1. When selecting your level of cover for contents, ensure you have enough cover year round, i.e. if you have higher stock levels at different times (e.g. Christmas) ensure you have enough cover for stock you hold at those times.
  2. Do you have any obligation by your landlord for a minimum amount of Public Liability?
  3. Does your landlord require any other cover for items like Glass?

This makes my life so easy I would recommend Biz cover to anyone

Lynda and James Shortis
Retail

Wow, so easy. I was shocked. Thank you! My time precious at the moment.

Raoul Symons
Retail

SOOOOO EASY!!!! I have called around for 2 days looking for a cover, and this place offered me what I needed for half the price I was given elsewhere!

Jenny Zhang
Retail

What an easy process! Great online quoting system and fast smooth processing of starting up my chosen policy. Great prices also. Very pleased with your service and will recommend to other business owners such as myself. Thank you.

Angelica Dellaway
Retail

Didn’t have to talk to anyone and I’ve got insurance. This is the future people. Satisfied customer

Chris Davis
Retail

Easy site navigation easy to set up and a great price. After shopping around via phone and internet I still saved $300!

Ron Rees
Retail