Record Shop Insurance

Every record shop is different, and at Bionic, we help you find insurance for the majority of stores: 

• Independent record stores 
• Vinyl shops 
• Music equipment stores 

No matter your shop’s size, we’ll help find the right cover tailored to your needs. Policies and cover vary per provider, and limits and exclusions apply. Always check your policy wording to see what is and isn’t included. 

Even the most harmonious of record shops face risks. Having the right insurance in place is essential as you could be faced with hefty legal fees and compensation costs if something goes wrong, like: 

• A customer slips and falls in your shop 
• Your stock of records and music equipment is damaged by a fire or flood 
• A break-in results in stolen cash or rare records 
• An employee gets injured as a result of their work 

Record shop insurance helps cover your losses if a claim is made against you or if you need to make a claim. 

While record shop insurance provides a wide range of cover, there are some exclusions, including: 

• Intentional damage – Damage caused on purpose isn’t covered. 
• Neglect – Losses due to negligence, such as failing to secure stock or equipment, may void your cover. 
• General wear and tear – Normal ageing or wear on equipment and stock isn’t included. 

Double-check your policy details or speak to our team if you have any questions about what’s covered and what isn’t. 

Standard home insurance policies usually do not cover business stock kept at home. If you run an online record shop from your home, it’s likely you’ll need additional business contents or stock insurance to protect your inventory from damage, fire or theft. 

Always tell your home insurer if you are carrying out any business activities at home. 

Because all record shops are different, it’s difficult to give a solid figure for what you’ll be paying for insurance without speaking to a broker. This is because your business is unique, and prices depend on a number of factors, including:   

• Extent of cover — The more cover you opt for, the more expensive your package will likely be.  
• Your insurer — Depending on who is willing to insure you, the price for their policies will vary.  
• Location — The location of your business is taken into consideration when calculating the cost of your premiums.  
• Claims history — If you’ve made a previous claim on your policy or had claims made against you, it may affect your future premiums. 

Your record shop is more than just a business, it’s a hub where people share their love and passion for music.  

Start your quote online today and compare business insurance or chat with our knowledgeable team, to find tailored cover that fits your needs.