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Grocery Store Insurance

Your Grocery Store is your business. You work hard to maintain the quality of your goods and produce on offer in your grocery store that keeps your loyal customers coming back time and time again. 
You need to protect all the hard work you have put into your grocery store with the right insurance that protects your assets, reduces your exposure to liability and ensures if an interruption occurs, your business can continue to operate and get back on its feet. 
 
What to Look for with Insurance for your Grocery Store?
Public and Products Liability
Public and products liability may provide coverage for your business if a liability event occurs when a customer visits your grocery store. 
 
Insurance For Grocery Stores 
Contents and stock
Coverage for your grocery store for the contents and your grocery stock that you hold. 
 
Money
Working as a grocery store can result in large daily cash holdings. Having sufficient money cover can provide assistance if your daily takings and cash holdings are lost, stolen or damaged. 
 
Theft
Your stock and the contents of your grocery store is a valuable assets and can be a soft target for theft. Theft coverage may protect the stock and contents of your grocery store if your contents and stock is stolen or damaged during an attempted theft.  
 
Business Interruption
When your business is interrupted by an insured event, you may suffer financial loss. Business Interruption Insurance for your grocery store could provide coverage for declines in revenue and coverage for operating expenses when your business is interrupted.
 
Employee dishonesty
Stock shrinkage and theft sometimes occur from within your team of employees. 
 
Machinery and equipment breakdown
Does your grocery store use fridges and freezers to store your produce? What would happen if your refrigeration equipment was to breakdown. With the right insurance, you may be able to cover both the equipment breakdown and its costly repairs in addition to the cost of your spoiled product. 

Management Liability insurance is designed to provide protection to both the business and its directors or officers for claims of wrongful acts in the management of the business.

A business insurance pack can provide cover for your business premises and contents, against loss, damage, theft or financial loss from an insured interruption to the business.

Purchase up to six products under one Business Insurance Package. 

Does your grocery store use fridges and freezers to store your produce? What would happen if your refrigeration equipment was to breakdown. With the right insurance, you may be able to cover both the equipment breakdown and its costly repairs in addition to the cost of your spoiled product. 
 
Building Insurance
If you own the building that you are operating your grocery store from, then you need to consider building insurance to enable your building to be repaired or replaced if it is damaged. 
 
Glass Coverage
Does your grocery store have big and inviting windows where you can showcase your products and good? If the windows of your grocery store are damaged, then the replacement costs for these windows can be significant. 
 
Talking further with Insurisk can help you to get the insurance protection you need for your grocery store. 
 
General Advice Warning: This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is appropriate for you and your personal circumstances. Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

All information above has been provided by the author.


Anush Kumar, Insurisk Solutions Pty Ltd, ABN 84 616 172 877, AFSL 233750

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