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Stock insurance is an important addition to your insurance package. If you’re a shop owner, you’ll rely on stock to keep your business running. So, you’ll need an insurance policy in place to ensure your stock is protected in the event that it’s lost, stolen or damaged. That way, you can replace or repair it quickly. This type of cover can be added as an extension to your business contents policy.
Having this type of cover is essential for small businesses if you rely on selling stock to function. If your products were lost, stolen or damaged, your insurer would pay for it to be replaced at wholesale price. You can add this protection to your current insurance package:
In some cases, stock may be covered as standard if you take out a shop insurance package. You can find out by doing a quote.
Adding this extension to your business insurance policy will protect your items against loss, damage and theft. With this type of insurance, you can build a policy to suit your needs:
If anything happens to your products, you will receive a financial reimbursement from your insurer.
As with any policy, stock insurance has conditions you need to adhere to, to ensure it stays valid. This is because certain changes alter the risk of your stock being stolen or damaged., which means the price may change. Here are examples of potential policy conditions:
Make sure to keep your insurer updated on any changes to your circumstances, otherwise your policy could voided. Check your policy documents for more information about exclusions.
Protect your business now - Call us on 0800 970 0077. Our experts will compare quotes from the UK’s most trusted insurers and adapt your insurance to suit the needs of your business.