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Stock insurance

Protect the stock you sell and use from loss, theft, or damage. Whether you store them at your premises or elsewhere.

Quote online in less than 2 minutes

Small business stock insurance
from £7.00 a month for £5,000 cover

Based on a quote for an arts and crafts shop. Minimum policy premiums apply. All prices include IPT at 12%.
Insurance that’s good for your goods

Stock is one of your most important assets. Whether you sell it on your shelves or use it to make your own products, losing it can put you in a tricky situation.

If a fire, a burst pipe, or a burglar strike, you might be stuck not being able to trade. How are you going to send out your orders? Or open your doors to customers?

Stock insurance helps by paying to replace or repair your damaged, lost, or stolen goods. So you can get back to what’s important: running your business.

That means an unfortunate flood doesn’t mean you have to drop customers or shut up shop. And ruined stock doesn’t mean a ruined reputation.

What is stock insurance?

Stock insurance covers you for theft, loss, and damage of your stock.

It also includes business contents cover. Like fixtures, fittings, and computers.

As long as you’re UK-based, you’ll be covered almost anywhere you store your stock. Including your main premises, your home, a separate storage space, and even at exhibitions and events.

Just make sure that your stock is properly stored and secure. If it’s not, any claims would be capped at £10,000. Which could leave you out of pocket.

To avoid this, you need to meet the insurer’s minimum security requirements. This explains everything.

You’ll also be covered when your stock’s in transit, as long as you or an employee are with it. Which is great if you regularly move stock around with your car or van.

If your stock is stolen, lost, or damaged, business stock insurance will pay to either replace it, repair, or restore it. Depending on the kind of stock you’ve lost and its value.

Who needs stock insurance?

Any retail business would benefit from stock insurance. Whether you do your business online or over the counter.

It doesn’t matter whether you buy and resell your stock or use it to make your own products. As long as you rely on storing, transporting, and using stock, stock insurance is for you.

Here are a few examples:

  • Online retailers
  • Appliance retailers
  • Furniture shops
  • Coffee shops and cafés
  • Clothing and shoe shops
  • Sports shops
  • Butchers
  • Bakeries
  • Farm shops
  • Florists
  • Toy shops
  • Garden centres
  • Book shops
  • Pet shops
  • Arts & crafts shops

We could be here all day, but you get the idea.

How much does stock insurance cost?

That’s not an easy question to answer, because there are so many things that can change the cost of your insurance.

First, you need to consider how much cover you need. The amount of stock you store, where you store it, and how often you transport it will all affect the cost of your insurance.

The best way to figure this out is to total up how much it would cost to replace all your stock.

It’s important that you tell us the maximum amount of stock that you would store at any one time. Even if you only have this amount at certain times of the year.

You’ll also need to include your contents in this number (fixtures, fittings, equipment, etc), as that’s covered too.

This helps you to avoid underinsurance. Which can lead to much lower claim amounts.

You also need to tell us where your stock is stored. So if you have stock split across different locations, we need to know.

Where it’s stored is also important as higher flood-risk areas could increase the price you pay.

Now that you’ve got an idea of what’s involved, the easiest way to move forward is to get a quote. It’s easy and should only take a few minutes.

Are there different kinds of stock insurance?

Depending on the nature of your business, you’ll need a different kind of stock insurance.

If you’re a retailer with a physical store, your stock insurance includes extra cover for your premises. Like damage to windows or displays, personal effects of you and your employees, and unauthorised use of your utilities.

It’s designed not only to cover your stock but also a variety of other things that might affect your contents and premises.

As an online retailer, chances are you won’t need all that extra cover that physical retailers need.

Instead, your stock insurance focuses on the contents and stock you need to get orders out to your customers. It also includes extra cover for transporting your stock. Which is helpful if you do deliveries yourself.

Why should I buy my insurance from you?

It’s simple, really: we’re small business insurance experts. We know what you need to protect your business’ stock – even if you don’t.

We also know how confusing stock insurance can be. And how long it can take to sort it out. So we get rid of all the jargon and obstacles standing in your way. So you can get a policy quickly and easily.

Plus, you get a bunch of little benefits: like an ‘I’m insured’ badge for your website, and money each time you recommend us.

Still not sure? No problem. Have a read what our customers think about us. After all, they’re the ones you should really be listening to.

Advice, News & Know-how
What our customers say...
★★★★★
excellent, logical and simple to arrange multi-location business insurance without the endless form filling required by others
Online Retailer
18 May 2024
★★★★★
Quick efficient advise and straight forward
Advisors were knowledgeable and friendly
Optician
29 April 2024
★★★★★
Prompt, efficient & Value for Money.
Fashion outfitter
5 April 2024

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