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Stock Insurance

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Business Stock Insurance

Stock Insurance NZ

Stock insurance, commonly referred to in the industry as stock insurance insurance, is a specialized form of business insurance that covers the physical stock or inventory of a business against risks such as theft, damage, and loss.

Why is business stock insurance important?

Stock represents a significant portion of a business’s assets. If anything were to happen to this stock, it could cause financial hardships and disrupt the regular flow of business. Therefore, having an insurance policy dedicated to covering stock ensures that a business can recover more swiftly from unexpected events and doesn’t need to bear the entire financial burden of such losses.

It’s crucial to have stock cover if your business:

  • Holds valuable inventory
  • Operates in theft-prone areas
  • Faces natural disaster risks
  • Relies heavily on physical stock

What does stock insurance cover?

Stock insurance covers losses involving your business contents. This includes:


One of the primary concerns for any business is theft. This coverage ensures that if someone breaks into your premises or fraudulently obtains your goods, you can recover the value of the stolen items.

Natural Disasters

Earthquakes, floods, and other natural disasters can strike without warning. This coverage ensures that your stock's value is protected if it's damaged or destroyed by such events.

Accidents happen

Maybe an employee accidentally breaks several items, or a machine malfunctions, ruining your stock. This covers such unforeseen accidents that are not related to daily business operations.

How much does stock insurance cost?

Stock insurance premiums are calculated on several different factors including:

  • Limit of cover
  • Type of industry
  • Region of NZ
  • Claims History 

Stock insurance in NZ typically costs between 0.3 – 1% of the value of your business contents per year. 

Who needs business stock insurance?

Any business that maintains an inventory or stock, be it a retail store, a warehouse, or even an online enterprise, should consider stock insurance. If the loss or damage of your stock would impact your business financially or operationally, stock insurance is essential for you.

Yes! Every business is unique, and insurance policies can be customized to match your business’s specific requirements. You can adjust cover limits, add additional coverages, or exclude certain perils based on your situation.

While they’re related, they’re not the same. Business content insurance covers the contents of your business like furniture, fixtures, and equipment. Stock insurance focuses specifically on the inventory or goods your business sells.

Top industries that need stock insurance

In New Zealand, stock insurance is a safeguard for many industries against losses.

How do I get proof of stock insurance?

You can usually get proof of stock insurance same day when you purchase insurance through Gerrards. Once you have purchased your stock insurance policy, the insurer will provide you with a certificate of insurance. This document serves as proof of your coverage and details the terms of your policy, including the start and end dates, the covered risks, and the insured amount.

Acquiring a stock insurance policy from traditional insurance brokers may require a few weeks, a delay that could create problems for people or businesses who need instant insurance proof.

To obtain stock insurance coverage promptly, contact us. We may require you to provide some fundamental details about your business, such as:

  • The name of your business
  • The nature of your business activities
  • The total number of employees
  • Predicted annual income
  • Years of experience in the industry

What does stock contents insurance not cover?

Stock insurance generally does not cover:

General Wear and Tear

Regular wear and tear or the gradual deterioration of stock is not covered.

Intentional Damage

If the stock is damaged intentionally by the business owner or employees, it’s not covered.

Inventory Shortages

Discrepancies due to clerical errors, mismanagement, or unexplained inventory shortages aren’t covered.

War and Nuclear Risks

These are typically excluded from most policies. Events like war, rebellions, or nuclear incidents are not covered.

Other common questions about stock insurance

Not always. While some policies might offer this coverage, others might require an additional add-on or a separate policy to cover goods in transit.

Some policies will cover stock stored in off-site locations or third-party warehouses, but it’s essential to specify this when taking out your policy.

Some insurers offer an automatic increase in the sum insured during business peak seasons. It’s essential to discuss this with your insurer or broker.

Regularly! Ideally, review your policy annually or whenever there’s a significant change in your business or stock levels.

Yes, by implementing robust security measures, maintaining a claims-free record, or opting for higher deductibles, you might qualify for discounts. Discussing these with an insurance broker like Gerrards can guide you through potential savings.

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