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Retail insurance
Comprehensive coverage packages crafted specifically for retail businesses
Shield your retail business from significant financial losses
Focus on growing your retail business without constantly worrying about potential risks
Helping businesses with insurance for over 70 years
Finding you the best cover
We have a panel of 120 insurers to discover suitable quotes and tailored cover for your needs.
Experts
Our team of insurance specialists have more than 70 years of experience in the industry.
Personalised cover
Our agents conduct a thorough fact find to understand your unique requirements, then work with insurers to get you the cover you need.
More than just insurance
Radius offers telecoms, fuel cards, telematics, insurance, electric vehicle charging, energy and vehicle solutions to businesses across five continents.
Search our panel of retail insurance providers to find competitive cover
We work with a range of retail insurers from household names to small specialist insurers to find the best policy for your business.
Three simple steps
The fact find
Complete the online question set or speak to one of our agents.
Search the market
We identify the policy that best suits your business requirements.
Your business insured
Complete your commercial combined insurance purchase online in minutes or over the phone.
Get a quote online in 10 minutes
Retail insurance explained
Retail insurance is a comprehensive coverage package crafted specifically for retail businesses. It protects retailers against various risks associated with their day-to-day operations, ranging from theft and property damage to legal claims. The coverage typically includes the likes of stock and inventory damage, public liability, and product liability insurance.
Whether you need insurance for a supermarket or a small boutique, having the right coverage is essential for keeping your business protected against unforeseen events.
What's covered by retail insurance?
Public liability insurance
Facing claims made by customers or visitors who are injured or experience property damage while on your premises? This insurance covers legal fees and compensation costs.
Product liability insurance
Covers claims arising from products sold by your retail business that results in injury or damage. You’re protected from forking out for legal and compensation costs.
Employers' liability insurance
This insurance covers claims from staff who suffer work-related injuries or illnesses. Along with protection against legal action and compensation, it’s legally required if you have employees.
Stock and contents insurance
Supplies coverage for the loss, theft, or damage of your store’s stock and contents. You can quickly replace items and maintain business continuity.
Business interruption insurance
Compensates for income loss if your operations are disrupted due to an insured event. From a fire to flood, it helps you recover financially and resume trading.
Building insurance
Covers damage to your retail premises caused by events like fire, storms, or vandalism. Repair or rebuild costs are included, protecting your investment in your physical location.
The importance of retail business insurance
Purchasing retail business insurance is done for more than simply protecting your financial interests. There are various reasons to opt for this coverage, as detailed below:
- Financial protection: Insurance shields your retail business from significant financial losses because of accidents, theft, or legal claims.
- Legal compliance: You meet legal requirements such as employer’s liability insurance if you have staff. It helps you avoid fines and legal complications that could arise from non-compliance.
- Customer trust: Having insurance demonstrates professionalism and reliability. Customer confidence is increased, and this can lead to increased loyalty and repeat business.
- Business continuity: Insurance like stock and business interruption coverage ensures your retail business can continue operations or recover quickly after a disruptive event. This minimises downtime and financial loss.
- Peace of mind: Thanks to comprehensive protection, insurance allows you to focus on growing your retail business without constantly worrying about potential risks.
What's the cost of retail insurance?
How much you spend on retail insurance depends on several factors. This includes the size of your business, the location, the value of your stock and equipment, the types of coverage required, and the insurance provider you use. On average, comprehensive insurance packages can start from £250 annually for small retail businesses.
However, larger retailers or those with higher risk profiles may face significantly higher premiums. To get the most accurate pricing, it’s essential to obtain quotes from multiple insurers – and that’s where Radius can help.
Choosing Radius for your retail store insurance needs
At Radius, we specialise in finding the best insurance coverage for your retail business. With a panel of 120 insurers, we consider your specific needs and search for suitable, tailored quotes. Our team of insurance specialists brings over 70 years of industry experience to the table, meaning you only receive the best in expert guidance.
With Radius, you get personalised, comprehensive insurance solutions that supply you with a safety net as you venture up the retail success mountain.
Frequently asked questions
Can’t find an answer to your question? Talk to the Radius customer support team on 0333 070 5876. We’re here to help you with any questions or concerns you may have.
Take control of more than just retail shop insurance
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Why choose radius?
Our international presence impacts over 470,000 businesses across five continents.
Expertise
Our team has over 36 years of experience helping more than 470,000 customers globally
Trust
We are an internationally-acclaimed provider with numerous awards for our products and services.
Choice
Choose from our range of fleet, mobility and connectivity solutions that can be tailored to suit your needs.
Solutions
Use our award-winning technology and services to save your business time and money.
Can’t find what you are looking for?
Need help? The customer support team at Radius operates across more than 50 offices worldwide, providing local contact with a global presence. Let us know how we can assist you.
Radius Business Solutions (UK), a trading name of UK Fuels Limited, Radius Insurance Solutions Limited and Milestone Insurance Consultants Limited are owned by Radius Limited, with registered company number 08260702. Registered address: Eurocard Centre, Herald Park, Herald Drive, Crewe, Cheshire, CW1 6EG. Radius Insurance Solutions Limited is a registered company (number 3668469 and FCA reference number 300425). Radius Insurance Solutions is a trading style of Milestone Insurance Consultants Limited (registered company number 04587285 and FCA reference number 307191). Authorised and regulated by the Financial Conduct Authority.