Nisa retailers have reported hundreds of pounds of savings since switching to business insurance through Co-op.

Through the scheme, Co-op offers a 10% discount on business insurance for all Nisa retailers, with the offer including business interruption insurance, stock insurance and public liability insurance.

Bharat Keshwala of Nisa Local in Dunmow, Essex said he has saved £600 last quarter when joined business insurance through Co-op in May this year while Kuldeep Bhat of Nisa Local in Walthamstow, London said he saved around £300 since joining.

“When doing research into different insurance companies, Co-op told us that premium wise as a Nisa retailer we would see benefits and would get a preferential rate,” Kuldeep said. “It was mainly the price that helped us decide to sign up as during these times it is all about getting the best price possible.”

Head of retail at Nisa Victoria Lockie said: “It is great to see so many of our retailers saving money on their business insurance since signing up through Co-op. Our retailers will see premiums when they sign up which will ensure they are getting the best possible price they can. Nisa retailers who insure their business with Co-op will be rewards a 10% discount for their business.

“The benefits of being associated with the Co-op are clear and it’s fantastic to hear many of our retailers have teamed up with the Co-op to provide discounted business insurance.”

Partnership development manager at Co-op, Matthew Collings, added: “We are delighted that our Nisa customers are recognising the value and savings Co-op Insurance, together with our business insurance partner Specialist Risk Insurance Solutions, can offer. As part of the Co-op family, our commitment is to ensure that Nisa customers receive the best possible support through competitive insurance rates. We are dedicated to delivering benefits that contribute positively to their business growth.”