How to apply for shops insurance

When you're applying for Nationwide's shops insurance, it will make the process a lot simpler if you have information such as your business content and equipment value to hand.

Please ensure that the information provided by you on the Nationwide shops insurance application is correct. If you decide to buy this policy, these details will form the basis of the insurance contract between you and LV=. Incorrect information could invalidate all or part of the policy.

There are five steps to the Nationwide shops insurance application process.

About you

This is stage one of the Nationwide shops insurance application. This is where you will be required to provide information about the property and policyholder including:

• Company's current status;
• Company's name;
• Trading name (if different to above);
• Policy holder's name, correspondence address, phone number & email address;
• The shop's current insurance premium;
• The number of employees;
• Accident or claims history; and
• The date you'd like your cover to start.

About the property

You will now be asked to confirm further information about the business property such as:

• If the address of the property is the same as the correspondence address;
• The main trade at the property you wish to insure;
• The type of location the business is based in; and
• The year the business was established.

Cover

This stage offers you the opportunity to tailor your Nationwide shops insurance policy to best suit your needs. It allows you select your contents sum insured, adapt your standard cover limitations and add any additional cover you may require to your shops insurance policy.

Your quote

Once all information regarding your property has been collected, your Nationwide shops insurance quote will be generated and you will be offered the option to either make a full payment by credit/debit card or in monthly instalments by direct debit if you’re eligible.

This page provides access to your shops insurance Document of Insurance, Policy Summary and Use of your information. You are advised to read them before you proceed to purchase.

If you don't wish to purchase your shops insurance at this point you can choose to save your quote, allowing you to retrieve it at a more convenient time. You will be asked to confirm the email address you provided at the first stage of the quote process and select a password. You will also receive an email confirming your quote and a link allowing you to complete the purchase. The quote will be saved and can be accessed until the date you have specified the policy is to start from. The quote is valid for 60 days.

5. Buy online

When you select Buy now and your payment option you will be taken to a screen displaying all of the information you have input and the cover you have selected regarding your insurance quote. You must review this to ensure it is correct and make any amends if necessary. Once you are sure everything is correct then select Next.

You will then be shown the Terms and Conditions of your policy and asked to confirm you agree to them before selecting if you would like to pay in full or in monthly instalments by direct debit if you're eligible. You must have credit or debit card details to hand and be an authorised holder of the account used in order to proceed with the payment.

After entering your payment details you must save or print your insurance documents.

As well as the environmental benefits, being able to download your documents means you have instant access to them.

Finally you will be given the option to receive paper copies by post if you need them and a reference number which you should note for your records.

After completing your application for Nationwide shops insurance you will receive an email confirming your unique reference number.

If you chose to receive your policy documents by post they should arrive within 5 working days.

If you chose to pay monthly by direct debit Close Brothers Personal Finance will send you a welcome pack confirming your finance agreement. Please ensure you read the information carefully and return the agreement within 14 days.

Cooling off period. This shops insurance policy contract gives you a 14 day cooling off period. If you change your mind you may cancel your insurance by returning your documents within 14 days of receiving them. LV= will then refund any money you have paid as long as you have not made a claim.