Stock Insurance
Your inventory is your working capital. Protect it.
Stock insurance protects the goods you hold, from raw materials to finished products, in your shop, godown or factory. It pays for losses from fire, flood, burglary and accidents, so one bad day doesn't wipe out months of working capital. Banks often require it for stock-backed loans.
- Covers
- Raw materials & finished goods
- Risks
- Fire, flood, theft, damage
- Policy type
- Fixed or floating stock
- Needed for
- Stock-backed bank limits
Choose the stock insurance that fits you
Not sure which one is right? Tell us your situation and we'll recommend the best fit.
Fixed sum stock policy
Cover for a stable stock value through the year.
Floater stock policy
One sum insured that covers stock across several godowns or locations.
Declaration policy
Declare stock values monthly and pay premium on actual average stock.
Stock with burglary cover
Adds theft and burglary protection to fire cover.
Why people choose our stock insurance advice
- Protects working capital tied up in inventory
- Covers multiple locations under one policy
- Declaration option for seasonal stock levels
- Meets bank requirements for CC / OD limits
Know exactly what you're buying
We read the fine print for you and explain inclusions, exclusions and waiting periods in plain words.
- Fire, lightning and explosion
- Storm, flood and earthquake
- Burglary and theft (with add-on)
- Riot, strike and malicious damage
- Traders, wholesalers and distributors
- Manufacturers with raw material and finished goods
- Retailers with large inventories
- Businesses with stock-backed bank limits
- Stock not recorded in books
- Gradual deterioration or spoilage
- Under-declared stock values
- Losses from unexplained shortages
Stock Insurance premium: what decides it?
Two people buying the same stock insurance can pay very different premiums. Here is what insurers look at, and how to pay less without cutting the cover you need.
What it depends on
- Age of the person or vehicle being insured
- Sum insured or cover amount chosen
- Health, lifestyle and medical history (for life and health cover)
- Add-ons and riders selected
- Claim history and no-claim bonus (for motor and health)
- City or zone, occupation and policy term
How to pay a lower premium
- Buy early: premiums are lowest when you are young and healthy
- Choose the right cover, not the cheapest or the biggest
- Compare insurers on claim record and exclusions, not just price
- Pick only the add-ons you actually need
- Renew on time to keep your no-claim bonus and waiting-period credit
Documents required for Stock Insurance
Choose your applicant type to see the checklist. Keep self-attested copies ready; we'll collect and verify them for you.
Document Proof
9 items- Utility Bill (Electricity / Water / Telephone)
- Bank Statement
- GST Certificate
- Udyam Certificate
- Aadhaar Card
- PAN Card
- Passport
- Stock Statement / Inventory Value
- Premises Address & Ownership / Rent Proof
Income Proof
3 items- Income Tax Return (2 yrs)
- GSTR (3 yrs)
- Bank Statement (12 months)
Document Proof
8 items- Utility Bill (Electricity / Water)
- Bank Statement
- GST Certificate
- Company PAN Card
- MOA / AOA / COI
- Udyam Certificate
- Stock Statement / Inventory Value
- Premises Address & Ownership / Rent Proof
Income Proof
5 items- Income Tax Return (2 yrs)
- GSTR (3 yrs)
- Bank Statement (12 months)
- Audited Balance Sheet (2 yrs)
- Complete Balance Sheet with Audit Report (3 yrs)
The exact list can vary by insurer and your profile. Not sure what applies to you? Our advisor will confirm in one call.
From first call to claim
Scroll through the steps to see what we do at each stage.
Expert tips before you buy
- 1Insure peak season stock, or use a declaration policy for fluctuating levels.
- 2Keep stock registers and invoices up to date for faster claims.
- 3Check that all godown addresses are listed in the policy.
Stock Insurance: common questions
Talk to an expert today
Share a few details and we will call you back. The first consultation is free.
- Call us+91 92122 66375
- WhatsAppChat with an advisor
- Office hoursMon to Sat, 10:00 am to 7:00 pm
Request a call back
We usually respond the same working day.
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