Off-Licence and Newsagent Insurance
Specialist help getting off-licences, newsagents, corner shops and convenience stores comprehensive insurance cover at a competitive price.
“Shuaib followed up my enquiry very promptly and soon found a suitable policy for my small business.”
Risks Facing Off-Licence and Newsagents
Off-licenses and newsagents may be exposed to more risks than other retail stores. You have:
- Long opening hours
- Valuable stock onsite
- Often only one or two people supervising the store
- Valuable stock which tends to be flammable
- Reliance on licencing to sell certain products
What is Off-Licence and Newsagent Insurance?
Due to these increased risks, a standard retail insurance policy may not give you all the cover you need for your off-licence or newsagent. You could look for separate insurance policies to cover the gaps in your policy, but we know that running an off-licence or convenience store is immensely time consuming already. That’s why we’re dedicated to making life easy for you and your business.
We’ll take the time to understand you, your business, and the risks you face every day. We’ll then help you find comprehensive off-licence and newsagents insurance that gives you all the cover you need at a price you can afford.
Does Newsagent Insurance Cover Online Sales?
If you offer online sales as part of your business, such as newspaper or grocery deliveries, your policy can include cover for the vehicle you use for deliveries, for your stock while it’s in transit, and for any accidental damage to customers’ property.
Do I Need Off-Licence Cover?
You will need some forms of cover by law:
- Employer’s Liability Insurance – If you hire any staff, for instance, you have a legal requirement to get employer’s liability insurance. This applies even if you solely hire your relatives to work for you.
- Buildings Insurance – You may be required to get buildings insurance as part of your property agreement.
Yet even beyond your legal and regulatory obligations, you should consider getting specialist insurance for your off-licence or newsagent. You face a range of risks every day, and any unexpected event has the potential to sink your business.
Also, high crime rates in your area could cause you to lose your licence to sell alcohol through no fault of your own. Without dedicated loss of licence insurance, such a setback could cause a financial crisis from which you’d never recover.
Off-licence and newsagents insurance will provide a reliable safety net, and total peace of mind that you’ll be able to bounce back and continue trading, no matter what happens.
Get Specialist Newsagent and Off-Licence Insurance From Anthony Jones
At Anthony Jones, we specialist in helping off-licences, newsagents, corner shops, and convenience stores get the specialist cover they need.
We’ll take the time to get to know you and your shop, so that we can help you get a comprehensive insurance policy at the best possible price.
Need more
information?
Please call Tom Cowap or the team on 020 8290 9080 to talk through your insurance needs for your off-licence or newsagency business.
Alternatively, you can email us at business@anthonyjones.com
“I have been using Anthony Jones now for almost 25 years and have always been very happy with their service. They have always dealt with my renewals and claims very quickly and efficiently with minimal hassle. They also have a great continuity of staff meaning a good relationship can be formed for that extra peace of mind. Thoroughly recommend.”
FAQ’s
Some of our most asked questions, answered below:
I am a start-up business, what insurance do I need?
There is a balance between adequate and appropriate protection of the business whilst keeping initial costs to a minimum. Evaluate your business risks and the need for insurance under these 4 headings:
- Assets (both physical and intellectual);
- Revenue streams;
- Liabilities to Third Parties (including contractual obligations);
- People (your staff including their importance to the business).
Usually, a package type policy covering your physical property, annual revenues, Employer’s liability and Public/Product’s liability is required. The only insurances required by law are Employer’s Liability, Motor Liability (if you have cars/vans etc) and Engineering Inspection of lifting and pressure plant if you have them.
What is business insurance?
Business insurance is a type of insurance that provides cover for businesses against financial losses due to unexpected disruption to business such as property damage, liability claims, a cybercrime issue, an issue with a director's duties, a professional indemnity or a motor accident – amongst others!
Do I need business insurance?
If you own a business, it is highly recommended that you have business insurance to protect your assets. The only insurances required by law are Employer’s Liability, Motor Liability (if you have cars/vans etc) and Engineering Inspection of lifting and pressure plant if you have them. Increasingly, suppliers or customers will ask for evidence of insurance.
How much does business insurance cost?
The cost of business insurance varies depending on the type of cover you need, the size of your business, and the level of risk associated with your industry. Insurance brokers help with this presentation to insurers in seeking the most appropriate market and price.
How much Professional Indemnity insurance do I need?
If you work in one of the professions for whom Professional Indemnity insurance is a legal requirement, the amount of cover you need may be mandated by your regulatory body. You should check on their website to find out.
Your clients may also specify within their contract the amount of PI cover they require you to have in place to protect the work you do for them.
If the amount of cover you need is not pre-determined, you can work it out by thinking about the size of projects you work on and your potential exposure to risk. We can help you calculate what this might be. Our recommendation would be to buy as much cover as you can afford.
Do I need Professional Indemnity insurance?
If your business provides advice, professional services or creates designs, it makes sense to have Professional Indemnity insurance to protect you in case anything goes wrong.
For some professions it’s a legal requirement to have Professional Indemnity insurance in place. Professions for whom it is mandatory include:
- Solicitors and barristers
- Financial advisers
- Architects
- Accountants
- Some healthcare professionals, such as doctors, vets, dentists and surgeons
- Chartered surveyors
What is Professional Indemnity insurance?
PI insurance protects your business if a client claims the advice, service or designs you provided were faulty in some way. It will cover the cost of any claim for compensation.
What is Directors & Officers insurance?
Also called D&O insurance, this covers the cost of any compensation claims your business needs to pay if a director or key manager is alleged to have done something wrong during the course of their work. This might include negligence, breach of trust, making a mistake or failing to do a task.
Do the Government tax premiums?
Yes, they do. The current rate is 12% and is a charge collected by insurers on behalf of the Government. This tax has nothing to do with insurance brokers or insurers.
How do you earn your money?
Insurance brokers earn money in the form of commissions when business is placed with insurers. You have every right to ask a broker what commission they are earning from insurers. An alternative to commission is to quote premiums “net” and brokers agree a fee with customers for services.
Reviews
Straightforward, thankyou
Stephen Passfield is our account handler is one of the best agent we've worked with.
He is very helpful,kind and flexible to us and always there for us.
We've couldn't asked for more.
Thank you much for help for whole these years.
We really appreciate and very grateful to you.
We highly recommend him and his team
TM Brothers Transport
Their agents always very kind, flexible and helpful.
I highly recommend them.
"I chair a campaign to save our local pub. We launched a share sale and succeeded in buying the Crown a few days ago, so we needed help in selecting the right insurance for the site whilst renovations were under way, including unoccupied property cover. Tony Ellis of Anthony Jones Insurance was really helpful in guiding us through this process, and we now have the correct cover in place. Fast, easy to deal with & knowledgeable - just what you need from your insurance broker! Well done Tony and all at A Jones."
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