Inventory InsuranceCommercial Inventory Insurance for stock and inventory property should be included in business insurance coverage for companies that carry significant inventories of finished products or raw materials. 

It’s a good idea to compile an insurance inventory list to log the value of raw materials, goods you plan to sell, computers, office equipment and business and business documents you want to cover. 

When you purchase inventory insurance, you can choose to insure your property in two ways:

• Actual Cash Value which reimburses for what the lost items were actually worth at the time of the loss.

• Replacement Value which pays out the amount it would cost to replace lost or damaged items with new ones.

In the case of property that depreciates quickly, such as computers, the actual cash value may be significantly less than the replacement value. While an ACV policy will cost less, a replacement value policy will allow your business to recover from a loss more quickly.

The cost of your inventory insurance will also be affected by the total value of the property you insure: More coverage will result in higher premiums. However, you may be able to save money on inventory insurance by taking certain safety and security precautions, such as installing fire alarms and sprinklers, which reduce the risk of damage and loss.

To learn more about Business Inventory Insurance contact Golden Global Insurance at 305-899-5125. We can help with an expert review of your inventory and business insurance needs.


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