FAQ Goods insurance
What is the Difference Between a Goods Insurance and an Inventory Insurance?
Inventory insurance
This insurance, also known as business contents insurance, covers damage to business property that is not fixed to the building and not intended for sale. This includes furniture, equipment (such as computers and machines), and other business assets needed to run the business but not sold.
Goods insurance
This insurance, also known as stock insurance, covers damage to goods that are intended for sale or processing. This includes saleable products, raw materials, and semi-finished products stored for commercial purposes.
In short, the inventory insurance protects your contents, while the stock insurance protects your commercial goods.