Of course, the stock you sell is your bread and butter and without it you can’t run a business. Stock cover will protect you against the costs of replacing stock that has either been destroyed by flood or fire, been stolen by thieves, or hasn’t been delivered due to a supplier issue. Newspapers, food and drink, alcohol and cigarettes, and general confectionary can all be covered, although there may be some exclusions you should discuss with your broker.
Business Interruption Cover
If your building is damaged in a storm, flood or fire, you need to know the costs won’t fall on you. In the event of your business being unable to operate, you will still be expected to pay rent and wages as well as the cost of repairing the damage to your premises (if you own it outright). In order to not be left out of pocket, business interruption is key as it can cover these significant costs by ensuring you receive an income during the time your newsagent is unable to trade.