If you own a retail premises or even if you run the likes of a restaurant you will need to carry stock to sell to customers. Depending upon the type of business that you operate, you will no doubt be well aware that the value of the stock that you have to carry to ensure it maintains an effective, profitable level of trading can be a significant figure often running into tens if not hundreds of thousands of pounds.
Without that stock your business's turnover would quickly dry up, the business would cease to trade and the income that you derive from the business would stop potentially causing you and your family personal financial hardship that could mean you loosing your home as well as the business.
The solution is to arrange stock insurance so that if it were destroyed or damaged in the likes of a fire, through the likes of a burst water pipe or if it were stolen you could claim on your stock insurance policy for the cost price of any stock that can no longer be used or has been stolen. This will ensure that you can quickly replenish your stock levels to ensure the continued operation of your business.
There will no doubt be certain conditions with the policy such as how the stock is to be stored and there may even be additional cover included to allow for a seasonal increase in your stock levels such as at Christmas. You should check these details carefully when considering arranging stock insurance.
Shop Insurance Direct look forward to being your stock insurance provider.