There is more to running a clothing or fashion shop than choosing items and serving customers. You will face a number of risks every single day, any one of which could result in extensive losses and serious disruption.

Here are some of the key risks for clothing and fashion shops:

• Your stock could get stolen or damaged, either directly from the shop floor or while in storage.
• A customer, delivery driver, contractor, or other member of the public could injure themselves while visiting your premises.
• An employee could injure themselves on the job.
• A fire, flood, or break-in could cause extensive damage, and temporarily prevent you from opening.

Your insurance policy can be tailored to include the cover your shop needs, which will usually include:

• Public Liability Insurance – This will cover any legal fees or compensation payments should a member of the public ever injure themselves while visiting your clothing or fashion shop.
• Employer’s Liability Insurance – This will cover your employees for any on-the-job accidents or injuries. Please note that, if you employ any staff, then you have a legal duty to get employer’s liability insurance.
• Stock Insurance – This will cover any valuable stock you store onsite for loss or damage from fire, flood, theft, and other risks. You can also get cover for any cash you hold onsite, or for cash that is in transit to the bank.
• Buildings and Contents Cover – This can cover your clothing shop premises, along with any furniture, fixtures, or fittings, for loss or damage from fire, flood, theft, and other incidents.
• Business Interruption Insurance – If an incident ever forces you to temporarily close your clothing or fashion shop, business interruption insurance can cover your overheads until you are ready to open again.

The amount you pay for your clothing and fashion shop insurance will depend on a number of factors:

• The size of your store, and whether you run a single shop or a number of shops.
• Your total number of employees.
• Your location. If you are based on a busy high street, for example, there may be a higher risk of theft, which will affect the cost of your cover.
• The level of cover you get. The more comprehensive your cover, the more you will pay.

These are just some of the factors that will determine the cost of your clothing and fashion shop insurance.

At James Hallam, we can help you find the specialist bespoke cover you need for your clothes shop.

We can also arrange for specialist cover for online clothes shops, whether you run an online store in addition to a physical retail unit, or you sell all of your clothes online.

This can include specialist cyber insurance cover, which can help you protect your online store from the threats of phishing, ransomware, data breaches, and other cyberattacks.