Usually the heart of the community, a traditional butcher shop is one of the few places that continues to survive amongst the trend of online retailers. All you want to do is service your clients and provide the best meat to your community, here are a few things to look out for when running a Butchers Shop: –
What would you do if you couldn’t work? Having personal accident cover in place can give you peace of mind should you injure yourself and cant work, it will provide some income benefit whilst you are off.
Stock Sums Insured
If your business is seasonal i.e. lots of weddings in the summer you may stock more flowers than normal. Insurers will normally increase this on a one off basis just don’t forget to tell them.
If you suffer a fire or flood at your shop then you may not be able to operate, business interruption will provide protect against lost revenue or increased cost of working. To calculate your exposures speak to your broker to make sure you have the right protections in place.
Deterioration of stock
You will either freeze or refrigerate your produce, as such if one of your machines should breakdown you may be left with thousands of pounds worth of meat that is worthless. Ensure you have a deterioration of stock section included on your butcher insurance.
Have a butchers…
A butchers shop can be full of potential hazards make sure you have a look at all your risks.
The last thing you want is one of your team to injure themselves, potentially slipping over on spilt blood or cutting themselves with a knife. You have to have employers liability insurance in place as a legal requirement.
To minimise risks to your team risk assess your environment and make sure you have mitigated any potential hazards.
Butcher cyber risks
Whilst you will operate mainly without computers you are still at risk as a business owner. Here are a few risks we have identified for the butcher’s sector and why you should consider Butcher Cyber Insurance: –
You will no doubt use online banking to pay your suppliers, one of the biggest risks we see if cyber criminals hacking your emails and pretending to be suppliers, changing their bank details and then obtaining payments from you. As you have made the change your bank won’t protect you, calculate your exposures to your main suppliers and always verify by phone the bank details change with your main contact.
Whilst you will have cloud storage your tablet or laptop is usually the only piece of computer equipment you own and usually will be a top-spec machine. The loss of this through theft can be frustrating having the knowledge that it can be replaced instantly gives you peace of mind.