Stock, wines & spirits insurance keeps your stock safe from theft, damage or deterioration. And if you sell wines and spirits, it’s important to make sure you protect these high risk items.
If you suffer a fire, flood or theft that compromises your stock it could cost an arm and leg to recover. You can extend our simple to arrange cover for your contents and stock to include frozen or chilled items if you serve food. Specific wines and spirits cover is also available. It’s all part of our overall small business insurance package. 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 expensive champagnes and meat.
Many of our insurance partners can make adjustments for seasonal increases and automatically uplift your total value of stock by a percentage. Wines & spirits insurance is handy if you have a section of your restaurant dedicated to these high value, higher risk items. It means you can build a policy that’s appropriate for your unique business. You may also want to look at business interruption insurance. This can cover you for lost revenue if you can’t open for business because your premises or stock have been damaged or destroyed as a result of an insured incident.
