Business Contents Insurance - General Information
Theft, damage and loss of important items can cost your business a huge amount to replace. The right business contents insurance policy takes care of this for you, reducing the risk of any unexpected costs.
But it's crucial to find an insurance policy that offers the right level of protection for your setup. Policies are available to cover small businesses, large commercial premises, and businesses run from home. Costs will of course fluctuate depending on what you need covering.
Most business contents insurance will include coverage for:
- Fixtures and fittings
- Equipment: including chairs, computers, desks, and shelves
- Stock: including goods kept at the policy-covered premises
- Tools and machinery: including tools that you hire or own
You may also be covered for contents that might be stolen by employees.
Remember, you still need to look into business contents insurance even if your business operates from your home address. Your home insurance won’t necessarily cover you for items lost or damaged in relation to your business. It’s all a matter of checking the details to find the right cover to reflect your circumstances.
Business contents insurance can either be purchased separately from a comprehensive business insurance or commercial buildings insurance plan, or included as a feature in a wider policy.
As with most forms of insurance, you will be required to pay a certain amount of excess whenever you make a claim. This excess amount varies between policies and can be lowered, which may mean higher premiums, or increased, for lower premiums.