What does the Retail Business Insurance have to offer?
Retail Business Plus offers you an insurance policy tailored to your business needs, which will adapt perfectly to your activity, with innovative coverage and top-quality services. Because we know how important your business is for you, this insurance will help you protect it.
Examples of Rates
Retail Business Insurance Policy
for companies and freelancers
The price shown is indicative per annual premium. This example is calculated for a shop selling blinds, awnings, doors, of 60m2 in Santa Cruz de Tenerife, for a continent of € 57.000 and a content of € 21.000
Fire, explosion, lightning strike and smoke
The Insurance takes care of material damage to your property and facilities caused by fire, including that caused by explosions or lightning, as well as damage derived from fire-fighting work.
Damage caused by accidental smoke escapes, whether or not due to a fire, is also covered.
We guarantee coverage for damage caused by water in the premises and insured property, due to accidental leaks, breakages or jams in your facilities, due to water leaks from neighboring homes or premises, or even due to the omission of closing the keys of passage or taps.
This guarantee includes the costs of locating the fault that caused the damage, as well as its repair.
Damage of electrical origin
With this coverage, we offer you the option of protecting both your electrical installations and the insured electronic devices and equipment, against the damage that they may suffer due to voltage surges, short circuits or abnormal currents produced by an electrical oscillation or a lightning strike.
This warranty is intended for damage caused by meteorological phenomena such as high intensity rain and wind, hail or snow. You can also include optional coverage for damage suffered by leaks and water seepage through roofs, terraces, covers and the like.
We offer you several coverages to choose from to protect those assets that may be damaged due to breakage, such as glass, windows and mirrors; signs, and advertisements, including illuminated signs, and stickers or vinyls affixed to the glass; marbles and similar stones, fixed furniture and counters; fixed sanitary appliances; the glass ceramic plates or even the crystals of the solar panels. You choose the goods and facilities that you want to protect.
By contracting this coverage, we guarantee you compensation in the event of a theft at your premises, as well as if there is theft of insured property through violent or intimidating acts. The damage caused to your facilities caused during these acts will also be included.
You will be able to complement this guarantee with others in cases of theft of merchandise in shop windows, of money, both in and out of the safe, or during the transportation of funds; as well as the robbery to clients and employees.
- Loss of profit
A coverage designed to protect your benefits if you cannot carry out your business activity normally due to an eventuality. It has three modalities: daily compensation, loss of gross profit and loss of rents.
- Legal protection
We offer you the best support to manage the defence of your interests in situations such as claiming damages that affect your business to a third party due a breach of contracts.
- Fully comprehensive accident insurance
This guarantee will cover accidental damages caused in the insured premises, in other words, sudden accidents that cannot be prevented or avoided.
Would you like to learn more? Call us!
For whom is this insurance designed?
This insurance is aimed at all types of retail businesses involved in the sale of goods and services, including those that carry out an industrial activity that occupies a maximum of 25% of the premises.
If your business is focused on the hospitality and catering sector, you will be interested in learning about our Hospitality Insurance. If it is an office , we also offer you the appropriate option for Offices.
What is considered "container"?
We consider the building in which the insured commercial activity is carried out, including the walls, foundations, ceilings, doors and windows that form it. In addition, annex buildings with similar characteristics are also included, such as warehouses, garages and storage rooms located on the same property or within 30 meters.
The antennas, awnings and signs belonging to the insured premises and the possible recreational or sports facilities are also included.
What is considered “content”?
Those goods that are inside the insured premises, including the furniture of the establishment and those non-fixed decoration elements. The machinery, electronic equipment, tools and work supplies necessary to carry out the insured activity are also included in the content.
Merchandise, packaging, spare parts and products for sale are part of the content. In the Retail Business Insurance, we offer you the option of declaring seasonal stocks, if during specific and specific periods of the year, the value of the merchandise found in the premises is higher than usual. You will also have the option of including a 20% margin on the insured capital of said merchandise against possible fluctuations.
Is there any protection for the goods transported by my employees?
If your business involves your employees transporting goods to deliver them, you will be interested in the Transported goods coverage. With it, the damages suffered by fire, lightning and explosion will be covered; overturning or falling of the carrier vehicle, as well as the collision with another fixed or mobile body; or for theft carried out threatening the integrity of the people who carry out the transport.
If I am a tenant of a local and I am carrying out a small work, can I include it in the Insurance?
Yes. You have the possibility of including the changes of the continent made by the improvement of your premises within your policy. You will only pay the corresponding part of the continent that you have improved with your investment.
Furthermore, to cover the most frequent damages and avoid them affecting the normal development of the activity when they are not part of the improvement work, we recommend insuring a mainland capital at first risk.
Do you have more questions about this insurance policy?
We call you to inform you and arrange an appointment in order to study your characteristics and to be able to offer you the Insurance with the coverages that you need. Office hours: From 9:00 Hrs. at 13:30 p.m. From 15:30 Hrs. at 18:30 Hrs.