Compare shop insurance prices online

Compare Shop Insurance

There literally are hundreds if not thousands of different brokers and shop insurance companies available on the internet in the UK. With such a wide range of options open to business owners you can usually obtain a cheap quote for your retail shop business with relative ease. Someone out there will provide an insurance policy that will be suitable for your requirements. Many independent professional insurance brokers have online shop insurance comparison tools so that you have the option of comparing prices and levels of cover from multiple providers. With the help of search engines such as Google businesses can find hundreds of shop insurance providers with a few clicks of the mouse. If you prefer to transact business face to face or over the phone, narrow you search to your local area and find a broker that specialises in business insurance and get in contact with them. Usually online shop insurance quotes are cheaper as the cost to the insurance brokers is reduced in terms of administration and processing paper application forms.

Taking time

Whether you’re an existing business looking for an alternative provider or a new shop keeper and looking for a competitive shop insurance quote then take your time. Due to the nature of policy wordings in insurance documents you must ensure that the cover you have chosen fits the needs of the business. Also you must disclose all material facts to the insurer as accurately as you can as the shop insurance premium will be based on the information you supply. Supplying incorrect information could to your business insurance cover being invalidated or a claim not being paid. If time allows, try to obtain a minimum of three quotes from different suppliers to give you a good indication of the costs for your shop insurance policy. Sometimes even picking up the telephone and haggling with your advisor can also work.

Paying for you shop insurance policy

Most shop insurance policies can be either paid in full at the time of taking out the insurance cover or they can be spread out over 9, 10 or even 12 months with some insurers. By paying on monthly instalments will usually attract an interest rate of normally 10 to 12 percent. Obviously this will increase the cost of the policy as the finance provider is charging interest on the balance. If you can pay the complete balance from the outset you will save the additional interest charges.

Active Insurance provides a wide range of business insurance products including cheap shop insurance.