Wednesday 20th December 2006
Small retailers have been warned against the risks of fire and theft in the run-up to Christmas by the business banking arm of financial services provider More Than.
The insurer cites research which shows that ten per cent of fires in stores occur during the festive period, while thefts from small retailers double in the same time.
Accordingly, More Than Business offers a 50 per cent seasonal increase in the value of stock insured by its policies.
Mike Bowman, head of insurance at More Than Business, said: "Increased stock levels coupled with faulty fairy lights and decorations are literally an explosive combination.
"Retailers need to ensure theyre properly protected, otherwise profits could be seriously affected and in some cases shops can cease trading."
More Than suggests extra care when placing decorations, with simple precautions such as placing tinsel well away from the naked flame of candles.
Meanwhile, vigilance is recommended in order to prevent the £447 million of theft which traditionally occurs in the six weeks from mid-November.
Business cover is available with a 15 per cent discount via the More Than Business website and extends to salons and hairdressers, the company states.
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