Stock is any goods or merchandise for sale in your small business. This could be the finished product or the raw materials, like wool or glue, that you use to create and sell. Stock insurance covers your most important assets, the things you actually sell to customers, and can replace it up to its purchase value if that disaster happens.
Lost, damaged or stolen, Stock insurance is one of those insurance covers that puts many of the small business owners we know at ease.
This insurance cover needs some attention to detail! Stock insurance does require a little work from you to make sure that in the event of a problem, you have recorded your stock levels accurately so that your policy claim can be paid to the right level.