Bicycle shop insurance

What insurance do I need for my cycle shop?

Public liability insurance is often an important cover for cycle shops and most other trades, as it can protect you if someone is injured or their property is damaged because of your business. Simply Business offers between £1 million and £5 million in cover, to protect you against this cost.

If you have employees, contractors, casual workers or temporary staff, you’re required by law to take out employers’ liability insurance. It’ll cover claims from employees who’ve been injured or become seriously ill as a result of working for you.

Another important consideration is any specialist tools or equipment you have – including things like computers. Often, work revolves around these essentials, so our business equipment options will help take care of the day to day risks, letting you get on with the job in hand.

Cycle shop insurance policy details

• Make sure you read your policy documents carefully and that you understand any exclusions that may apply
• If you rent your shop premises from a commercial landlord, check with them to see if you need your own buildings insurance
• Contents cover and fixtures and fittings cover insure different types of items within your premises, so check what you need
• Have you thought about front of premises cover, in case your shop exterior is damaged?
• If you employ people, even in your own home, you’re legally obliged to take out employers’ liability insurance. Not doing this could lead to a heavy fine

Need more details? Hear more about your business cover options from our expert team in a quick set of videos. Just choose the cover you’re interested in and get some expert insight into how each option can help your business. You can also check out our business insurance FAQs.