Stock Insurance Coverage refers specifically to the products and inventory of the business. For some businesses Stock Insurance Coverage will be extremely important and can often represent huge sums of money for the business.
Imagine a small grocery store in BC or Alberta, now picture the spring and snow melting, then it starts to rain which leads to massive snow pack melt. This results in huge flooding and the small grocery store has all it’s stock destroyed. This could represent a colossal loss for the business and without adequate insurance, this type of loss could mean the end of the business.
Fires, business structural failure, theft, floods, tornadoes and more may result in inventory damage or loss. Stock Insurance Coverage is there as an option to ensure your company is protected properly.