Merchants insurance is a sub-set of business insurance that has been specifically designed to meet the needs of modern builders and other merchants. A merchant is a person who trades in products and commodities produced by other people, with this term still widely used in the building industry. Standard business insurance covers a lot of territory, with bespoke merchants insurance able to merge individual insurance protections in a single, easy-to-manage contract.
Common coverage elements found in builders merchants insurance include products liability, public liability, employers liability, motor fleet cover, business contents, business tools and equipment, business interruption cover and many others. While combined business insurance coverage is always a good idea, it’s important to speak with an experienced insurance broker who can customise a policy to meet your specific needs. For example, we can extend public liability protection at the same time as limiting goods in transit cover to help you save money on premiums.
What do our policies cover?
At 1st Choice Insurance, our team will use their specialist knowledge of the insurance market to ensure you get the merchants insurance UK cover you need at the right price. We can offer a tailored package for your specific requirements, including:
- Contents and Stock
- Accidental damage
- Business interruption
- Loss of licence
- Public Liability
- Employers Liability
- Glass and signage
- Personal accident
- Legal cover
- Door staff/security personnel
- Money on premises …and many more
Who needs merchants insurance?
Builders merchant insurance is recommended for anyone who is trading building supplies and related goods. Tailored insurance coverage is the only way to ensure full protection for your business assets and income while reducing coverage redundancies and simplifying premium schemes. Merchants insurance takes care of your business by combining multiple protections under a single policy umbrella.
For example, not only do you have employees to protect but you also need to protect your valuable stock. Not only are your tools and machinery on the line, you also need to protect the commercial vehicles that you rely on every day. Combined builders merchant insurance leaves nothing to chance by merging a number of individual protections together under a single policy and premium structure.