Stock-in-trade insurance

Do you have your own business or enterprise? Then you probably have a business inventory that is important for carrying out your daily operations. Inventory insurance is also called inventory insurance, inventory and goods insurance or business contents insurance. Inventory insurance is an insurance policy that allows you to insure your company's inventory against fire or theft, for example. An important insurance, because your business inventory is probably an essential part of your business. At Alpina.nl you can easily and quickly insure your company's stock.

What is stock-in-trade?

If you have your own business or company, you probably have a stock of items that you need to be able to carry out your work. This includes items such as desks, computers and office supplies, as well as special machines and supplies. These items are essential to your business, so it makes sense that you don't want anything to happen to them.

Who is stock-in-trade insurance for?

Stock-in-trade insurance is for anyone who runs his own business or company. Stock-in-trade is a business insurance, intended to cover all the items you need to carry out your profession. It is therefore not insurance for private individuals. If you want to insure the contents of your home, you can always take out private household insurance.

Why insure stock?

There are numerous business insurances on the market. Of course, you do not have to take out all of them, but it is important that you decide which risks you want to insure and which you can possibly bear yourself financially. Your company stock is often important for the (proper) performance of your daily activities. An essential part of your business. That is why it can be nice to insure it properly. A stock can easily be damaged. Imagine a fire breaking out and a large part of your stock going up in flames. Or if there is a break-in and thieves steal or damage expensive machinery and electronics. Without stock-in-trade insurance, you will have to pay the costs, which can mount up considerably. In addition, your business will come to a partial or even total standstill, causing you to lose income as well.

It is not pleasant for any company when something like this happens, but especially as a starting entrepreneur, it is good to insure yourself against it. As a starting company, you often do not have a large financial buffer to cover such costs, which means the consequences are considerable. By taking out stock insurance, you can be sure that your stock is properly insured.

What is covered?

A stock-in-trade insurance usually provides cover during the following:

• Damage to your stock-in-trade caused by fire, storm, lightning, precipitation or leakage
• Damage to your stock due to theft and vandalism after break-in
• Damage to belongings of others for which you are responsible at the time
• Costs you incur to limit direct damage

The coverage can differ from one insurer to another. For instance, damage caused by flooding or groundwater may be insured by one insurer but not by another. Always check this in the policy conditions. That way, you know for sure when you are covered and you will not have any unpleasant surprises in the event of damage or theft.