Showcasing the Best of Welsh Business

Towergate Insurance: Protecting the Future of Wales’ Retail Sector


From St Mary Street in Cardiff to Swansea High Street, the Welsh retail sector is welcoming new vendors on what seems like a daily basis. The importance of the retail sector is Wales is still evident and whilst we, at Towergate Insurance, understand the challenges businesses face to keep costs down we are recommending retailers to protect their assets.

If you are a shop-owner looking to safeguard your ability to trade, consider an insurance policy that addresses these three main concerns:

  • Premises and stock (Buildings and Contents Insurance)
  • Your customers (Public Liability insurance)
  • Protection of outgoing costs should you have to stop trading because of an incident (Business Interruption Insurance).

Key features of Package Insurance policies

Buildings Insurance – If you rent the property the buildings cover should be held and paid for by the property owner.  However, this will not protect the contents of your retail outlet; your assets. Stock, furniture, tills, computers, fixtures and fittings all the items which generally are vital to help your business to trade will need to be covered from loss or damage under a Contents Insurance.

As a retailer, the responsibility to keep your shop a risk-free area is yours. However, accidents are inevitable. Trips, spills , damage or injury to a third party can happen. This is where Public Liability Insurance can help protect the insured in the event he or she is sued by a third party for claims that come within the coverage of the policy.

Following an incident perhaps a flood or theft there will be a period of lag between making your claim and receiving settlement. But getting your shop up and running quickly will be your main priority. Business Interruption Insurance is a type of insurance that covers the loss of income that a business suffers after a disaster; helping to cover the outgoings such as overheads, wages or increased cost of working expenses if something happens that stops your business trading.

More information on Package Insurance

If you are interested in creating a tailored package insurance policy to protect your retail business or learning more about the options available to your business, contact Christian Jones at Towergate on [email protected]

Towergate is a trading name of Towergate Underwriting Group Limited

Registered in England No.4043759 . Authorised and regulated by the Financial Conduct Authority


At Towergate we take our time to understand your unique business and its specific requirements. We deal face-to-face with large corporations, organisations and SME’s with a local, regional, national and international footprint; businesses with complex needs requiring insurance programmes that are rarely a single product.

No matter what the size of your organisation, we will always adopt the same process to safeguard your business. We will sit down and discuss your company’s requirements with whoever we need to; the MD, the owner, the Finance Director; Health & Safety advisors; the company secretary, in-house Risk Manager or a combination of Senior Directors.

We truly believe in providing the personal touch, providing both local and national service. That’s why we have over 80 locations across the UK. Our proposition to you is underpinned by strong relationships with leading insurance partners, who in turn appreciate that we place our clients, at the centre of everything we do.

Having formed a historical presence in Wales, our Welsh offices continue to trade in Cardiff, Swansea, Barry, Bridgend, Tonypandy, Bargoed, Haverfordwest and Ammanford and form part of the Towergate Group. Formerly trading as Antur Insurance Services, CCV Cardiff, Morgan Brokers, Motaquote and Underwood Insurance Brokers our teams have a local knowledge and understanding of Welsh business practises.

As part of the Towergate Group, these business are backed by the one of the largest corporate and SME insurance brokers in the UK, which not only allows access to the general insurance market and Lloyds, but also to a number of bespoke and unique options, which can provide specific benefits for our clients.


Related Articles