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Retail is Ireland's largest industry and largest employer, with a presence in every city, town and village, right across the country.
The Irish retail sector employs 275,000 people
There are 44,000 retail and wholesale businesses in Ireland.
90% of retail businesses in Ireland are Irish-owned and Irish-operated.
77% of Irish retail businesses are family-owned enterprises.
Latest figures show that the Irish retail and wholesale sector contributed €5.1 billion in taxes to the exchequer.
The combined Irish retail and wholesale sector generated €8.2 billion in staff wages in 2010.
The Irish retail industry is the biggest consumer of Irish food and drink products, purchasing around €5 billion worth every year. Brian Mullins Insurance Brokers have exclusive rates from Ireland’s leading insurance companies offering specifically designed insurance policies for the retail sector. Our retail insurance policies are amongst the most competitive whilst offering market leading insurance cover for retailers.
Buildings Cover: This covers against damage caused to the structure of the building in the event of an insured incident / peril, i.e. including flood, accidental damage, fire, glass breakage etc. If you are renting or leasing the premises this may not be a necessity as it could be covered by the landlord. Under our retail insurance policy the definition of buildings cover includes the building, outbuildings, walls, gates, fences, and landlord's fixtures and fittings, tanks, drains, pipes and cables servicing the buildings.
Fixtures & Fittings: All retail outlets will have some element of fixtures & fittings, it is therefore very important that you are correctly covered for the replacement value of these items. Fixtures and Fittings can include your shop fitting, shelving, and fridges, till registers, counters & office equipment. It is very important that you are covered for the replacement value of your Fixtures & Fittings as the cost of shop fitting may have changed dramatically since your retail outlet was fitted out.
Stock: Stock levels and values can vary with each retail outlet and also throughout the trading year. Your Stock should be covered for the replacement cost value and not the re-sale figure. Under our Retail Insurance Policy, we can allow an additional 25% on the stock sums insured to allow for seasonal increases during your two busiest periods when your Stock levels are at their highest.
Money Cover: Cash can be insured whilst on the premises during business hours whilst in the register, in the safe, cash in transit to the bank and in a night safe at your Bank.This provides the retail outlet with the protection that and comfort of knowing that should cash be stolen or they or their staff are held up, that they have the appropriate insurance in place.
Public & Employers Liability: this section of our Retail Insurance Policy provides insurance cover in the event that the retail owner is found responsible or negligent for the injuries/loss sustained by a Customer / Employee whilst on the business premises. The retailer has a legal responsibility and a duty of care towards their customers, the general public and their employees. Incidents involving slips or trips are among the most common accidents which can result in public liability insurance claims and our Retail Insurance Policy will provide the appropriate insurance cover and assistance to the Retailer following such incidents.
Our policy will also provide cover in respect of a wrongful arrest or where a retailer may have challenged a customer over an alleged shop lifting incident in the wrong – this may result in a legal action against them for wrongful arrest.
As an employer they need insurance cover and protection from damages and legal fees should a member of staff be injured through the fault of their business. This is increasingly pertinent as many shop owners employ part time staff operating shifts within convenience stores, restaurants, pubs and other entertainment/leisure trades.
FOR YOUR FREE QUOTATION CALL ZARAH ON 071 9141030