The Booksellers Association (BA) has reported that the number of independent bookshops in the UK and Ireland has grown for the sixth consecutive year, and the rise is something insurance broker, TL Dallas is also seeing, as enquires increase for book related insurance products.
TL Dallas provides a suite of specialist insurance policies to hundreds of bookshops throughout the UK. It has worked with bookshop owners, book dealers, book binders and private collectors for over 30 years, and also specialises in insuring unusual collectable items, including gaming cards.
The figures from the BA reveal that the number of independent bookshop members at the end of 2022 grew to 1,072 shops, up from 1,027 in 2021, and the lowest point of 867 in 2016. This marks a decade of growth, following 20 years of decline.
TL Dallas is reporting an increase in the number of new policies it has provided to independent bookshops, in particular. Molly Jones, from TL Dallas in London, said: “We feel privileged to have protected hundreds of bookshop owners, book dealers, book binders and private collectors for so many years, and it’s an area that we feel very passionate about.
“We have seen a steady increase in the number of new bookshop owning clients taking out policies with our firm over the last few years, which is great news, and many are independently owned.
“We find that independent bookshop owners want to work with an insurance broker who understands how important their business is and the unique challenges they face. Our bespoke approach, as well as our knowledgeable and experienced team, alongside an in-house claims team, is proving very popular amongst independent bookshop owners.”
Polices typically bought by bookshop owners include cover for buildings, stock, contents, goods in transit, book fairs, other locations, business interruption, public liability, employers liability and money.
TL Dallas is the approved insurance provider of the Provincial Booksellers Fairs Association (PBFA), a national organisation that organises second-hand and antique book fairs in the UK, with over 400 members offering rare books, prints, manuscripts, maps and more.