Buildings
Buildings insurance covers the structure of the premises where you run your business if it is damaged by an insured event. Protecting the fabric of the building matters as much as the trade run inside it.
You can add buildings cover on our online form. Everything can be packaged together so you get one set of documents, one renewal and one premium. Cover can include accidental damage through to flood, depending on your terms.
What does Buildings insurance cover?
- Cover against subsidence, flood and accidental damage (as per your wording)
- Boarding-up costs, including replacement of broken glass where covered
- Lock replacement if keys (including digital cards) are stolen
- Cover against loss of metered water where included
- Automatic sum-insured uplift so inflation is less likely to leave you underinsured
Contents
Contents insurance protects trade stock, fixtures and fittings, and furnishings against common insured risks, whether you rent your premises or own the property. It is particularly useful where replacing fittings and stock after a loss would be costly.
Policies can include:
- Cover for promotional merchandise and trade stock
- Protection where you or employees work from home, where included
- Cover for broken glass, damaged contents in windows, and damaged sanitary or display ware where covered
- Protection for personal items belonging to you, your employees or visitors, subject to limits
Stock
Your stock is as vulnerable as any machinery and equipment you use. Losing stock can hit cash flow hard, and a large loss can be difficult to recover from. Adding stock cover helps protect against damage or theft of stock (as set out in your wording).
What is stock insurance?
Stock insurance covers stock that is damaged or stolen. Premium usually reflects the quantity and value of stock, and settlements are typically based on cost price rather than retail price.
Useful checks when you have stock cover:
- Check your documents for how stock must be stored to be covered
- Tell your insurer if stock quantity or value grows
- Read exclusions and excesses carefully so you know what to expect at claim
Business Equipment
When you add business equipment cover, you can choose whether you need cover for electronic equipment, fixtures and fittings, or other contents belonging to the business.
Electronic Equipment Insurance
Most venues rely on technology day to day. Taking out cover that includes these items is often worthwhile, as replacements can be expensive.
Electronic equipment insurance can cover items such as mobile phones, laptops, cash registers and other electronics against failure or theft, subject to your policy terms.
Fixtures & Fittings
Fixtures and fittings typically include shop contents such as computers and electronic business equipment, plant and machinery, patterns, models, moulds, plans and designs, and general office furniture.
Other Contents
Other contents can include:
- Documents, manuscripts and business books
- Patterns, models, moulds, plans and designs
- Computer system records (usually the value of the materials themselves; the value of information held on them is typically not insured)
- Paintings, curios and other works of art
- Wines, spirits, cigarettes and tobacco held for your own private entertainment purposes
- Trade samples
Tenants Improvements
Tenants' improvements cover helps with the cost of refurbishing or improving a rented or leased property. Improvements you make are not normally covered under the landlord's buildings insurance. If the premises were destroyed, the landlord would typically only reinstate the building to its original state, not the improvements you funded.
Business Interruption
Business interruption cover can help with additional expenses or loss of profit if you cannot trade after an insured event.
Business Money
We also offer covers designed to protect business money on site during and after business hours, and in transit.
How can I cover my business cash?
Options can include loss of money on the premises during and after hours, money in transit, money in personal custody or at a private residence, and cash in a strong room or locked safe. Each option is easy to add when completing our online form.
Goods in Transit
Goods in transit cover helps if stock or goods are lost, damaged or stolen while being moved, for example after an accident or fire while your vehicle is carrying trade goods.
What is goods in transit cover?
Adding goods in transit cover can protect goods carried in your vehicle for trading purposes, including your own supplies or packages for other parties. Sums insured apply. Check your schedule for limits. Cover is designed for risks that arise when goods are in transit.
Why do I need goods in transit insurance?
If you use a vehicle to move business goods to and from work, to other locations, or for haulage, goods in transit cover may be worth considering alongside your main policy.