Company stock insurance

If you own your own business or company, you probably have an inventory of items you need to carry out your work. Think of things like desks, computers and office supplies, as well as special machinery and supplies. These items are essential to your business, so it makes sense that you wouldn't want anything to happen to them.

Commercial stock insurance is for anyone with their own business or enterprise. A business stock is a business insurance, designed to insure all the stuff you need to carry out your profession. Thus, it is not insurance for individuals. If you want to insure the contents of your home, you can always take out private contents insurance.

There are numerous business insurance policies 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, if any, you can financially bear yourself. Your company stock is often important for the (proper) performance of your daily activities. An essential part of your business. Therefore it can be nice to insure it properly. A commercial vehicle can easily be damaged. Imagine that a fire breaks out, causing a large part of your stock to go up in flames. Or that a break-in occurs and thieves steal or damage expensive machinery and electronics. Without commercial vehicle insurance, you will have to pay the costs, which can be considerable. What's more, your operations could come to a standstill, causing you to lose income.

It is no fun for any business when something like this happens, but especially as a start-up it is good to insure yourself against this. Often, as a starting company, you have not yet built up a large financial buffer to absorb such costs, so the consequences are significant. By taking out stock insurance, you can be sure that your stock is well insured.

Commercial stock insurance usually provides coverage during the following:

• Damage to your business inventory due to fire, storm, lightning, precipitation or leakage
• Damage to your business inventory due to theft and vandalism after burglary
• Damage to others' belongings for which you are responsible at the time
• Costs you incur to mitigate direct damages

Coverage may vary from one insurer to another. For example, one insurer may cover damage caused by flooding or groundwater, but not the other. Always check the policy conditions. This way you know for sure when you are and are not covered, and you will not be unpleasantly surprised in case of damage or theft.

The cost of commercial stock insurance depends on a number of factors. The premium is based on the following factors:

• The type of business you have
• The type of commercial stock you wish to insure
• The amount of company stock
• The desired coverage
• Any additional coverages

Based on these factors, the amount of the premium is paid. On Alpina.nl you can calculate an indication of the premium in advance.

As a business owner, you are not required to have commercial stock insurance. However, it is a nice insurance policy to have. For the things in your home, you probably also have private contents insurance. So why not for your business? Moreover, you depend on your business inventory for income. If your inventory is damaged or stolen, your income is adversely affected and you may suffer a loss. Moreover, repairing or replacing these items also costs a lot of money. This is why a commercial stock insurance policy can help.