Looking for the best deal on your charity shops liability insurance means not only obtaining the best price but also making sure that you are properly protected against costly legal action against you. All businesses, small and large, face the daily risk of having a legal action brought against them, whether justified or not and charity shops are no exception to this.
What is charity shops liability insurance?
In general terms liability insurance protects a charity shop against legal actions taken against them in respect of their legal liability for personal injury or damage arising during the course of the business and this tends to arise in three main areas for liability insurance purposes; public liability, product liability and employers liability.
What is charity shops public liability insurance?
The charity shops public liability insurance policy protects the insured against claims made against them by third parties in respect of personal injury disease or death and property damage. more
What is charity shops product liability insurance?
The product liability insurance cover is generally only available alongside the public liability insurance and protects the policyholder against claims made against in respect of property damage and personal injuries arising from the supply of a product. The cover protects the policyholder in respect of the strict liabilities arising from the Consumer Protection Act 1987 but in fact the cover is more wide ranging. more
What is charity shops employers liability insurance?
All employers are required under the terms of the Employers Liability Compulsory Insurance Act 1969 to maintain a policy with a minimum limit of indemnity of £5M although in practice insurers issue policies with a minimum limit of £10M. The charity shops employers liability insurance policy protects the policyholder against claims made against them by employees for the employers legal liability for personal injury. disease or death and property damage suffered by the employee during the course of their employment. There are some exemptions to the legal requirement relating to employers solely employing close family members and limited companies where the sole employee holds at least 51% of the equity in the company. You can find more information on our main employers liability page.
How much does liability insurance for a charity shop cost?
The price you pay for liability cover will depend on a few key factors, basically what you do, where you do it and how much of it you do, this combined with information regarding any previous claims experience will be the main factors influencing your premium but for many the cost may well be lower than you think.
How can I buy charity shops liability insurance?
You can apply on-line or you can call us direct to discuss your charity shops insurance requirements with a member of our specialist liability team.