Business contents and stock cover

What does business contents insurance cover?

Your contents and stock insurance can cover items that are important to you and your business. You need to specify all of your business contents to get the appropriate sum insured.

The sum insured is the maximum amount we can pay out to cover the cost of replacing all your items. It is your responsibility to ensure this number is correct, as failure to do so could affect the settlement of a claim.

You can insure large, expensive items as long as you include them within the total amount you want insured.

When might you need contents and stock insurance?

If you work out of an office, you might have a lot of computer equipment or even expensive art and furniture. If any of these items needed replacing because of damage caused by an insured event like a burst water pipe, you would be able to claim against your contents and stock insurance.

This insurance isn't limited to offices. Items that are essential to your trade can also be covered. For instance, if you run a bed and breakfast, you can insure everything from bed linens to industrial vacuum cleaners.

Equally, you might be a tradesperson who relies heavily on your tools. If they were to get stolen from your premises, or damaged due to a fire or flood, you'd face a hefty bill to replace them.

If you don't have the right insurance in place, you will need to foot the bill and replace all your crucial business items. This could mean that you have to temporarily cease trading or, in the worst-case scenario, it could put you out of business permanently.

Why might you need business contents insurance for your startup?

No matter what type of company you run, there are always some items that are essential to the smooth running of your business. If those items are expensive, or an item cannot easily be replaced, having business contents and stock insurance will help cover the loss.

Even if your business is small and you only use a desktop, it's still worth considering getting insurance. If your PC was damaged beyond repair, you could then get it replaced with a like-for-like model, minimising disruption to the flow of the business.

If you run your business from home, it's also worth remembering that your home insurance will probably not cover your business stock and equipment. It's important that you consider taking out business insurance so if the worst happens, you don't lose out.

How much does business contents and stock insurance cost?

Your business contents and stock insurance quote will depend on:

• The type of business you run
• The location of your premises
• The items you wish to insure
• Your claims history

Every business is different, the only way to know how much it will cost to add contents cover to your insurance policy is to get a quote from us.

When you start our quote process, you'll be asked a few questions about yourself, your business and how much cover you need. You can personalise your business insurance to meet your specific needs.

Can I insure my contents and stock on the go?

Yes. If you travel a lot for your business, visit clients or work at multiple locations, you may want to insure your business equipment on the go.

Accidents can happen, especially when you're on the move or in public spaces. A stolen phone or damaged laptop could prevent you from connecting with clients, completing projects and accessing important files. That's why it's important to have the right cover in place, so that you can replace important items and get on with the day-to-day running of your business.

As well as insuring your equipment on the go, you can also cover your stock. So, if you're selling products at a fair or you're transporting items via a third party, you're covered if your stock gets stolen or damaged.

To take out this cover, you will need to select contents or stock on the first page of our online quote tool.

• If you run a mobile business, you'll then be shown business property.
• If you work from your own premises and you have insured your contents and stock at your property, you will then be given the option to add property away.

At the moment, we are not able to cover couriers who transport third party goods.

What is Business Tech Essentials and how do I get it?

It's a service where if the worst happens and your essential tech is stolen or damaged, we'll replace it within 24 hours from claim approval.

The essential tech items it covers are mobiles, laptops, tablets, desktop PCs and phones, TVs and printers used for business purposes.

And when you cover your electrical items as part of your contents insurance, it's automatically included.

Find out more about Business Tech Essentials.

Cover & claim limits apply. Mon - Fri 8am - 6pm, except Bank holidays.