Since we started providing retail and commercial insurance our specialist team have been constantly been asked all sorts of questions and queries in relation to retail insurance. We are always very interested in questions posed as, although many of them are the same, the answers can vary a huge amount from business to business. This is because each and every business has completely different requirements for their specific situation. As a retail owner, you may have many questions about business insurance for your specific business. Our expert team deal with retail insurance daily and are always delighted to help business owners with understanding retail insurance. After a brief meeting we thought it would be a good idea to share with you some of the most frequently asked retail insurance questions and their answers.
Is Insuremyshop.ie an insurance company?
No, Insuremyshop.ie is managed by City Financial Marketing Group Ltd an insurance broker that is regulated by The Central Bank of Ireland. City Financial Marketing Group Ltd is also a member of the Irish Brokers Association.
How does Insuremyshop.ie guarantee to offer the best price?
Once a shop has been claims free for a period of 3 years or more we guarantee our price will not be beaten. We guarantee our shop insurance quotes will be better than the original shop insurance renewal notice you received.
Are there different levels of cover?
All our policies can be tailor made to suit your needs. We can increase cover in certain areas and reduce cover in other areas totally suiting the retail insurance you require. Or if you prefer we can arrange set limits that are most in common with you needs.
Are there any ways to lower the cost of my premium?
Insurance companies love it when businesses reduce the chances of a claim and often pass this saving on to the client. You can typically reduce the cost of your premium by adding security features, such as a mortice lock and monitored alarm, as well as installing smoke detectors, and fire extinguishers.
What happens if my stock is damaged?
It’s really important to be aware that if your stock is damaged you’ll receive the stock price e.g. the price you paid, not the retail value you would sell the stock for.
Does Insuremyshop.ie quote for all types of shops?
We quote for the majority of shop owners, we specialise in shop insurance for all types of retail businesses whether you own a single shop unit or a chain of retail stores we can quote for all different types of shop owners. (There are exceptions where we will not quote but not many). Please see our list of the typical shops we quote for.
Is there anything else I need to know about?
Yes. Depending on your business you may also be interested to hear more about Public & Product Liability cover. This type of insurance covers you in case a member of the public makes a claim against you or your products, medicines, food or goods you have provided. Just ask one of our experts about this.
As you can see all of these questions are very valid questions for a business owner to ask. These are just a quick sample of the most frequently asked questions we receive. You can find more of them here.
If you have another question that is not answered here or on our FAQ’s page then you can call one of our specialists on 01 660 6900 and they will be more than happy to explain what you need to know. You can also fill out our quick quote form, if you are looking at getting retail insurance, and see how much you can save on your premium.