Consumers are what make the world go round. They buy, they haggle, they travel from place to place, they complain, they praise, depending on how pleased they are with the service or product that you are providing them with.

So, while consumers can be a hassle at times, they do serve a purpose. Without them and their willingness to spend money retailers, guest home owners, and public home owners would be out of jobs.

Consumers hold so much sway over the rise or fall of a business that it is frightening. A consumer can sue, file a claim, or cause any number of other problems for a business. When all of that is added to the types of potential problems that are already present in businesses (like employee injury, theft, natural disaster, vandalism, and etc) then it is understandable why an owner would want to get back a sense of control.

You can never truly enjoy the running or a business when you are constantly worrying about everything that could go wrong. There are so many things that could come up, it is a wonder why people would be willing to even own their own businesses at all.

For those brave individuals that do just that, these are just a couple of the different types of insurance that you may come across.

• Retail Insurance – Retail businesses, service businesses, and trade contractors are eligible for retail insurance. These business owners receive protection for their personal property, the building that their business is being run out of, business liability, and also loss of income. Most places will offer you the choice of picking and choosing what sort of coverage you receive while using this type of insurance. This method is a popular one because many business owners do not want to have to pay for flood coverage if they live in a high elevated area surrounded by little to no water sources. Why would they? It would be the smarter choice to take an option like that from their policy plan and replace it with a type of coverage that they would need in the future. Retail insurance policies can be obtained by retail outlets, boutiques, takeaways and shop owners. Even the minimum coverage of retail insurance is more than the maximum coverage that some policies offer. For example, the minimum coverage for retail insurance includes:

o L 3,000 worth of damage to glass, store front, and etc.
o L 1,000 worth of damage to blinds or signs on the exterior
o L 3,000 worth of lost or damaged goods during transit
o Key theft and lock replacement
o Income loss
o Personal injury, assault, loss of limbs or eyes, or death
o Personal effects or cash carrying devices suffering damage
o Loss of the contents in a freezer
o Increase for stock during busy periods
o property damage during exhibitions
o metered water loss
o landscaping

There are certainly more, but for now I am sure you get the idea.

• Guest House Insurance – This form of insurance can be obtained by the owners of motels, hostels, hotels, guesthouses, and so on. With guest house insurance you will be covered in a multitude of other areas. Building and Contents coverage financially protects not only your business but also everything that is in that business (machinery, stock, money) from fire, storm damage, floods, and etc. Public liability insurance is also offered. With it you are protected from any claims that resulted from injuries that the public suffered while on your property. Liability insurance for employers is also included in guest house insurance. It works the same way as public liability insurance does, except that it protects you from negligence claims filed by employees rather than the public. Finally, business interruption helps to compensate you for any income loss that your business suffered in the aftermath of a fire, flood, blackout, gas leak, or etc.

• Public House Insurance – This can also be known as pub and wine bar insurance. It is very important that owners of pubs or wine bars have this form of insurance. When you are dealing with a bunch of people who are all too willing to drink as much alcohol as possible, you can always expect the worse. Public house insurance is meant to help you do just that.

As you can see, whether it is public house insurance, guest house insurance, or retail insurance, it is always a good idea to invest in at least the minimum amount of coverage. Because when you are dealing with people on a daily basis, it is always better to be safe instead of sorry.