The Business Insurance Bureau

Stock Cover Insurance

With Stock Cover insurance for your Stored Goods on site you can cover your stock just as much as your tools and machinery, after all should you lose your stock you might be facing serious cash-flow issues or as can happen you find your stock can be damaged or even stolen from your premises.

We have a policy to ensure that when the theft, weather damage or just simple accidental damage can be covered and not leave you wide open to a whole host of issues for your business to face.

With our Stock Cover Insurance which is included in many packages we aim to remove the uncertainty that comes with keeping your goods on site until it is ready to be shipped out and delivered.

Should the forklift make a miscalculation when unloading or loading you might find it all lost, a robbery the night before and you can’t ship it to the clients address.

Frequently Asked Questions:


What is Stock insurance?

Stock insurance covers you for stock that is damaged, Stolen or destroyed by paying out the money to replace it.

How much does it cost?

The price of the policy is based on factors such as value and volume of stock (Important note The goods are calculated at Stock Value NOT Retail Price)

Are their conditions for the Coverage?

Certain stock might need to be stored in a certain way (i.e. temperature controlled etc.) this has to be taken onboard when creating the coverage as these factors will determine a successful claim as all information and guidelines should be followed as per the policy wording.

What is best practices in being covered with Stock Insurance?

It is advisable that when there are variances in the terms of coverage (i.e. Stock Volume, Stock Value, etc.) that you keep your insurance broker aware of changes as this might affect future claims as all information should be up to date with all risks clear and upfront, as with all insurances keeping your insurance broker informed is always best practice for yourself, the broker and the insurer.

Other Considerations?

Always check your policy wordings and assess the limits of your policy as there may be additional coverages of excesses which may be a factor in your decision-making.