Why protect your shop from all risks

When you manage or decide to open a shop, making sure is not mandatory. Yet, having sole responsibility for a business, whether small or large, owned or rented, involves numerous and varied risks that one may encounter while carrying out the activity. Regardless of whether you act scrupulously and carefully, there are many unforeseen events, including harmful ones, regarding things and people, to which you are exposed and which in the event of an accident can create quite a few difficulties, compromise the continuation of your work and have a significant impact on your financial stability.

There is no shortage of the most common reasons. The shop could catch fire due to a short circuit or flood due to a broken pipe in the apartment above, resulting in an interruption of business; you could suffer an accidental breakage of the windows in the windows or a theft of the newly delivered goods with economic consequences on the company’s income; an employee could involuntarily cause damage to a customer or get hurt himself during working hours with consequences that may call into question the civil liability of the owner, who in carrying out the activity is liable to third parties, including customers and collaborators.

To reflect on the importance of protecting yourself, just ask yourself a few simple questions. If your shop suffers damage, can you afford to bear the resulting costs or suspend the activity without risking completely exiting the business? In the event of damage caused to third parties, are you able to pay compensation or legal costs in the event of disputes? If you have to face unforeseen events related to your shop, how can the use of personal funds affect your company or family assets?

Functional for those who work in the trade sector, there are two main covers, which allow the trader to protect himself, his company and his collaborators:

• THE Damage to Property and Contents Policy: this insurance aims to protect workplaces and their contents (machinery, professional equipment, furniture, goods) from unexpected problems, such as: atmospheric events, unforeseen events such as fires, floods, short circuits, vandalism and theft. All cases which would cause damage to the property and what it contains, putting at risk the assets and the temporary and permanent performance of one’s business. With the Lokky policy it is possible to choose a limit for damage to the building of up to €2.5 million and, for contents and goods, up to €1 million.
• THE Civil Liability Policy: this coverage refers to behavior that violates the rules of private law and which can be resolved with compensation for the damage caused to the injured parties. This insurance therefore has the objective of covering the insured against all risks deriving from negligent, imprudent or culpable behavior that damages something or someone, guaranteeing the business from any possible request for compensation. It is important, however, that it is an involuntary damage: in fact, no damage caused voluntarily can be compensated through insurance. The maximum limit upon request of the insured, for this policy, can reach a maximum of €2 million.

Furthermore, both coverages offer the possibility to choose between numerous additional guarantees such as: Civil Liability towards Third Parties and Civil Liability towards Collaborators, to protect your assets from any requests for compensation; Legal protection, which covers the costs incurred for the intervention of a lawyer, including expert and procedural costs; or Assistance, which guarantees an emergency service 24 hours a day, 7 days a week in the event of breakdowns or accidents.

If being insured can make the difference, choosing a customizable and modular policy with a series of guarantees that provide truly effective and tailor-made solutions for each customer is strongly recommended.

When thinking about subscribing to insurance that completely protects your small or large shop at low costs and in a faster, simpler and more transparent way, it will be very useful to start by creating an online quote. It is possible to explore all the guarantees, basic and additional, to combine them in line with your needs and available budget, by visiting the Lokky website to discover all the policies offered tailored to the customer.