Insurance - Business Insurance Information
When you insure stock, machinery and contents, you can choose between
replacement as new insurance or indemnity insurance. Most business
owners choose indemnity cover, which deducts any wear and tear when
settling an insurance claim. Contents are also covered against theft,
providing there has been forcible and violent entry to, or exit
from, the business premises. You can also have the option of a business
interruption policy that insures against loss of profit and higher
overheads resulting, for example, from damaged business machinery.
deciding on the right level of cover it's a good idea to seek professional
advice from a regulated insurance company or broker.
of Major Business Insurance Providers
provide general insurance information, we urge you to consult the
Insurance Standards Council
before making any important decisions about your insurance.