With the ever increasing number of Adult shop insurance, Fetish shop insurance and Sex shop insurance enquiries we receive, it seems only sensible that we address the subject to our adhering followers.
To the outside world the prospect of discussing anything with the words “Fetish” or “Sex” in the occupation seems like a shady, uncouth subject, not to be murmured in the public domain – but in the words of Edward Bernays “sex sells”, and where there is a demand there is a need – and this is an area of insurance in which we are extremely competitive on.
The common misconception with the public is that insuring a Sex Shop / Fetish shop / Adult shop is hurdling all the obstacles that insurers set in addition astronomical premiums, and the likelihood is that due to the occupation, insurers will never be paid out any claim – however insuring a shop within the sex industry is no different, on paper at least, to insuring a corner shop.
To obtain a quotation for both; details are taken of the premises, the security, stock, contents etc. in addition to general disclosure from the business owner. Public liability within the shop is automatically included, employer’s liability can be added if required, business interruption is also available – everything you would expect from a retail shop policy. The claims procedure is no different; you’re directed to the insurers claims team who as expected deal with all proceedings in a professional and efficient manner.
Costings you query? Well premiums start from around £290.00 upwards; so depending on your criteria, to insure your Fetish Shop / Sex Shop, you could be paying as little as £290.00, from insurers who specifically cater to those within Adult market.
Still not convinced? The insurers we deal with in the Fetish / Sex industry like insuring these shop types as statistically speaking, the claims ratio is very low and it makes for a very profitable product to underwriters. Why? There is no answer, but the assumption is upon speaking to some clients who have ended up paying for losses out of their own pocket, is purely because clients tend to be too embarrassed to even make a claim due to particular scenarios.
You needn’t be embarrassed; insurance has a purpose, so does your business – so when you’re looking to insure your Fetish Shop, Sex Shop or Adult Shop speak to the commercial department at Goldcrest.
