Liability insurance for cycle shops

In the UK liability insurance is an important tool in today's society. Not having it in place could land you in a payout from your own pocket jeopardising your business.

As standard insuremycycleshop.co.uk gives liability insurance to ensure that the correct cover is in place to protect you.

Public liability insurance

Being a cycle shop you will naturally have customers visiting your premises, this will include a lot of children who come along to buy their first bicycles. With these customers coming into your shop on a regular basis you never know if someone might injure themselves. This could be from falling down stairs or a heavy box falling from a shelf. If the shop is found liable for not making the correct precautions against incidents or accidents you may be faced with court action.

A compensation claim could be a costly exercise if you have no insurance in place. This could put your business in to jeopardy. So having public liability insurance as part of your cycle shop insurance is an important aspect.

As standard our public liability insurance gives you £2 million cover to make sure that if any accident happens you will be covered adequately.

Employers liability insurance

In the UK if you have employees working for you, employers liability insurance is a legal requirement to make sure that any injuries or accidents involving employees is covered.

If you employ full time staff, part time staff, or even voluntary staff the legal requirement still stands. Without the correct insurance in place you could face large fines that will be calculated from the time that the correct employers liability insurance is not in place.

Employers liability insurance is designed to protect you against members of your staff becoming injured or unwell due to your business. This could be something like tripping over a box or slipping on a wet floor which does not display a caution sign. If a claim would arise employers liability insurance would be there to help you pay out any compensation claims.

We offer a standard cover of £10 million, this is above the legal requirement of £5 million giving your business that extra bit of protection.

Product liability insurance

Product liability insurance is a voluntary cover for most businesses as it is not a legal requirement. But some businesses that have not had this cover in place have had large compensations sums to pay out placing their business in danger. So in the long run this cover may be worth the extra cash.

Due to the nature of your shop the bikes that you sell could injure people or damage third party property for example. Having this cover in place protects you from any claims made by any third parties that claim damage or injury from one of your products. Please be aware however that this cover applies to third party damage or injury not irresponsible behaviour or no care in producing the product.

Insuremycycleshop.co.uk offers a standard £2 million cover to make sure that you have the cover you need in place.