Contents and Stock Insurance

Contents can be plant and machinery or office furniture and equipment but which in the event of an incident will need to be replaced or repaired. Insurance cover for this is usually available either to replace as new or on an indemnity basis which considers fair wear and tear.

Stock should be insured at the cost price and not the selling price i.e. the price that it would be if it were to have to be replaced in the normal manner. Be careful not to undervalue stock as, in the event of a claim, the payment of the claim could be seriously effected.

You can also have a Business Interruption policy which can cover you for loss of profit whilst the business is unable to function due to reasons which include damage to the property and premises

For more information on Contents and Stock Insurance and Business Interruption Insurance CLICK HERE