More and more of us are cycling every day, be it to avoid tough commutes, to improve our fitness or to reduce our carbon footprint. As such, we need the help of bike and cycle shops to service our bikes and to keep us safe on the roads. Whether you fix bikes, sell bikes, sell cycling gear or offer all of the above, you must ensure that your cycle store and its contents are properly insured.
At Proper Finance, we provide cover for the following:
One of the risks of having a storefront is that the property could be burglarized. Even if you have the best CCTV and alarm systems, you cannot always protect your store from being broken into. If important items are stolen from your shop, such as expensive racer bikes or valuable store equipment, your business should not have to suffer the consequences of being out of action. The best way to stay protected against these scenarios is to get a comprehensive insurance policy which is able to cover any financial losses as a result of theft or burglary.
If your store contains business equipment that could be expensive to replace, such as tills and cashier hardware, you may wish to get these items insured. You can get this type of specialist insurance either separate to your general business insurance, or as part of your entire policy. The terms and conditions will depend on what your chosen policy provider can offer you.
It is important that you take the time to accurately calculate the value of your business equipment when searching for business equipment insurance. This is to avoid the risk of under-valuing your items and not being recompensed appropriately to replace them, or over-valuing them and ending up paying higher premiums for your bike store business insurance.
Contents cover will provide you with the insurance you need to safeguard your retail products, such as bikes, biking clothing, and biking accessories.
Buildings insurance is useful for any business owner, whether the business is run from a commercial property or from a residential property. Buildings insurance will cover you if any damages occur to your storefront.
In the event of a fire, flood or vandalism, your property may need repairing and at this time you may not be able to keep your business running as usual. You will need some financial insurance to keep you afloat and to pay for any repairs that may need doing. Be it as minor as a cracked window, or as serious as an instore-fire, Proper Finance has you covered.
It is a legal obligation for your company to have employers’ liability insurance if you have staff working for you, even if they do not work for you in-store.
Employers’ liability insurance will cover either all or some of the costs of any legal action an employee may take against you as a result of injury or illness caused by work. The amount of cover you will receive will depend on the type of insurance policy you choose. It is important to remember that even former employees can still make a claim against you or your business.
Proper Finance have more than 100 top-quality partners in insurance and loans.
We aim to be as approachable as possible for our customers, and will always do our very best to assist you with any and all queries you may have concerning any part of our application process and more.
Our online application only takes minutes to complete, with decisions being made very quickly after this. A member of staff will contact you to help you proceed with the final steps.
Each and every one of the providers we work with are fully checked to ensure their reputability, their trustworthiness, and furthermore their competency in helping to provide you with the financial services you require.
The Proper Finance comparison site is free to use and there are no upfront fees for filling in our online application.
Getting easy and affordable business insurance is easy with Proper Finance. Simply fill in a few of your details using our online form and you will be contacted by one of our specialist insurance partners. They will assist you every step of the way, helping you to get insured as effectively and quickly as possible. Alternatively, you can call a specialist directly and request a quote today.