Contents insurance

Premises insurance only covers the physical building, so you will also need separate insurance cover for stock, machinery and contents.

Most policies give indemnity cover, which deducts the cost of any wear and tear when settling a claim. Contents are also covered against theft, providing there has been forcible and violent entry to, or exit from, the premises. See our guide on security and crime prevention.

You can also choose a business interruption policy that insures against loss of profit and higher costs resulting, for example, from damaged machinery.