Keeping your stock levels well balanced is the key to maximising profits. Too much can lead to wastage, too little can impact turnover. But could you take the financial hit if something more serious happened? That’s where stock insurance comes in.
We help protect shop owners from the cost of having to replace damaged or stolen stock, following an incident such as a fire or flood. We arrange simple cover for your contents and stock as part of an overall small business insurance plan. When working out how much your stock is worth, you should include your materials in trade and take account of any higher risk items like wines & spirits and tobacco products.
Many of our insurance partners adjust values for seasonal increases and will automatically uplift your total value of stock by a percentage. You may also consider business interruption insurance. This can cover you for the money you lose if you can’t open for business.