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Everyone knows the cost and effort in running a retail enterprise. Not only do you have to arrange for credit and payments to your suppliers and wholesalers but you have to satisfy your retail customers to the best of your ability. And since most shopkeepers serve as middlemen in the supply chain of goods and commodities, consecutively they are taxed both ways by law.
Besides the normal scope of operation, to stay afloat in a highly competitive market, shopkeepers have to implement various schemes to retain and develop relations with their customers. As a shop-owner you have to give discounts, hold periodical sales that dispose off old stock, offer free home-delivery and in case of the FMCG segment, you have to maintain an after-sales/service team as well.
A business as highly complex as yours is subject to many risks, ranging from fire and accidents to theft or robbery, also fraud and dishonesty to risks of workmen's and public liability and last but not the least, loss of business owing to interruption.
You can insure against all these risks and many more perils if you invest in a Shopkeeper's Insurance policy. As long as your shop or commercial establishment does not incorporate any manufacturing processes, you can be indemnified against all losses thanks to your Shopkeeper's Insurance policy.
If you do not wish to opt for a comprehensive cover and seek protection against only theft or burglary, you can also choose to invest in a Burglary Insurance policy. Most shops incorporate extensive use of glass to publicly display their goods for customers. But then glass being brittle by nature is highly vulnerable to accidents. You should invest in a Plate Glass insurance policy if your shop uses glass to enhance its aesthetic value.
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