Compare business insurance quotes for your butcher shop with Savvy today.
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Running a butcher shop involves far more than just serving your loyal customers their favourite beef cuts with a smile on your face. It can also involve lots of heavy lifting and dangerous machinery, which is why business insurance is so important for butchers.
You can compare quotes for many types of business insurance here with Savvy. Just answer a few simple questions about your business and the insurance you need and you’ll have multiple quotes from a range of respected insurers to compare instantly. Use our quick and easy comparison service to help you get the best value insurance for your butcher shop today.
There are several types of business insurance you should consider if you run a butcher shop. These include:
Product liability insurance
Product liability insurance can cover you against third-party claims that the food you supplied caused sickness, injury or death. This type of insurance is particularly important for anyone who sells fresh meat or fish, as anything which is consumed carries the risk of bacterial contamination. Cover starts from $250,000 and can be bundled together with public liability and other types of cover into a business insurance package.
What it covers:
Public liability insurance
Public liability insurance is also essential for anyone who runs any sort of retail business including a butcher shop. It can cover you against claims a member of the public was injured whilst on your business premises or that their property was damaged as a result of your business activity.
For example, you can be covered if someone should slip or fall in your shop and injure themselves or if a customer’s car is accidentally damaged by one of your delivery trucks. Public liability insurance can offer between $5 million and $20 million worth of coverage and is a compulsory form of insurance to take out many retail shop leases.
What it covers:
General business insurance
General business insurance may also be worthwhile to protect the equipment and machinery you use in your butcher shop, such as slicing machines and freezers. As well as business equipment insurance, you may also wish to consider an add-on such as glass insurance, which many landlords will insist you hold as part of your shop lease.
What it covers:
Glass insurance
Glass insurance is usually excluded from a standard business insurance package, which is why it can typically be purchased as an add-on.
What it covers:
Accident and sickness insurance
Because you’re working in a high-risk environment, it’s worth considering what might happen to you and your family if you were unable to work for an extended period due to an accident.
Accident and sickness insurance can provide cover for you if you become unable to work, offering a weekly replacement income and helping you pay your bills if you're injured or suffer a serious accident.
What it covers:
Optional extras can include:
What isn’t covered under business insurance for a butcher?
The most common general exclusions include:
There is no set cost for an insurance policy, as each applicant is different and faces unique risks. Many factors influence the cost of business insurance, including the following:
The main factor which will affect the cost of your insurance is the industry you’re in. All businesses in Australia are classified according to the risk their industry poses, and are allocated a risk ratio. These ratios are used by insurers to calculate the comparative risk of any one business compared to another.
You can find out how much insurance will cost for your business by comparing quotes right here with Savvy. Whether your butcher shop is located in a quiet rural town or a busy suburban shopping centre, you’ll be able to consider a variety of offers all in one place with us.
The reason you need business insurance if you run a butcher shop is because you face multiple risks in your everyday work. There are not only the obvious risks (such as cutting yourself whilst slicing meat) but also the business liability risk of a customer slipping on the floor of your shop and sustaining a serious injury. There are also risks posed by your staff hurting themselves and bacterial contamination causing a food poisoning outbreak.
Since you’ve worked so hard to set up your business, it makes sense to protect it and your reputation from anything that can go wrong. Having business insurance offers security in case a covered event takes place. If you have adequate insurance to protect yourself, you’ll stand a much better chance of recovering quickly and getting back to serving your customers with a smile on your face.
Find the best possible insurance coverage for your business quickly and easily here with Savvy's 100% free comparison service.
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Disclaimer:
Savvy is partnered with BizCover Pty Ltd (ABN 68 127 707 975, AFSL 501769) to provide readers with a variety of business insurance policies to compare. Savvy earns a commission from BizCover each time a customer buys a business insurance policy via our website. We don’t arrange for products to be purchased from these brands directly, as all purchases are conducted via BizCover.
Savvy does not compare all business insurance policies or providers currently operating in the market. Any advice presented above or on other pages is general in nature and doesn’t consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an insurance policy.
For any further information on the variety of insurers compared by BizCover or how their business works, you can read their Financial Services Guide.
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© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
