Stock insurance

Protection for your stock and supplies

If you’re storing stock on your business premises, it’s just as vulnerable to theft and damage as your tools and machinery. If losing it would cause serious damage to your cashflow, our stock insurance option will help set your mind at rest, freeing you up to get on with the task in hand. Use our simple form to build an insurance policy that includes this cover option.

Selling products online?

We can cover your online trade, with specialist online retailers’ insurance, built for businesses that sell on the web.

Cover from £6.79 a month, get insured in minutes. (10% of direct debit customers repay their annual policy in 10 monthly payments of £6.79 or less across all our trades insured. Based on data from 1 July - 31 December 2020, for comparison only. Cancellation charges may apply, please refer to our full terms & conditions.)

What is stock insurance?

Stock insurance covers your stock in the event that it is stolen, damaged or destroyed, paying out the money to replace it. The cost of the policy varies depending on the value and quantity of the stock insured and the insurance payment is based on the stock price of the item (not the retail price).

Simply Business chief operating officer, Chris Slater, explains the ins and outs of stock insurance, why you might need it, and how to get the right level of cover.

Watch more Simply Business videos

What does stock insurance cover?

Your stock insurance will cover the cost price of your stock. If yours is damaged, destroyed or stolen, you’ll get the funds to buy new stock based on the cost price of the old stock (not the RRP).

Add stock cover to your policy

If you already have a policy with us and want to add cover for your own or hired plant, give our team a call on 0333 014 6683. We’ll check you’re eligible, and help get you up to date.

Stock insurance policy details

It’s very important to make sure you understand what you need from your stock insurance policy. Use the check points below to get you thinking.

• Stock may need to be stored in a certain way to be covered under your policy – check your documents for the criteria
• Keep your insurer informed if your stock level grows in value or quantity
• Check the documents before you buy for exclusions and excesses

Stock in transit insurance

To ensure your stock is covered against the risk of damage or theft while in transit, check your policy documents to make sure that goods in transit cover is included.