As part of our shop insurance video series this video looks at what security requirements your shop policy might require. Learn more about the types of locks you can use and how discounts you may quality for with higher levels of security. Check out the video to find out more...
Hi, My name is Charlene Gohil, and I’m an advisor for Towergate Insurance.
In this video I’m going to discuss security requirements for shop insurance.
All policies have minimum security requirements for any property or business they insure. There isn’t usually much to worry about with commercial properties as mostly likely those requirements will already have been met, but it is always worth informing yourself of your agreement just to be sure and to allow you to confidently maintain the property going forwards.
5 lever mortis deadlocks are usually the standard minimum requirement on external doors. Your lock itself should clearly state if it meets this standard and will be labelled as so if you are buying new. There are also other equivalents for exits such as fire escapes and windows.
Whilst most buildings do have these locks it would be wise to check as insures may not pay out on a claim if you do not meet the required security standards.
So, depending on your amount of stock or contents and type of trade you may also be required to install an alarm.
And also, it could also influence your quote if you already have one so make sure you mention it at the time.
The common types of alarms are:
Bells only – This is an audible alarm on the premises.
Diallers – These can make external calls on activation. They can contact you directly with a text for example, communicate with a call centre or even to the police!
Red care – This is a BT service that can incorporate alarms and CCTV systems with external monitoring and recording.
With most insurance policies you will have a 30 day period of grace that allows time to bring your security up to the minimum standards. So even if you’re not up to scratch, you can still get the insurance you need to start trading.
Of course the type of security you will need depends on your business, our Towergate advisors would be more than happy to discuss this further with you.