Home business contents insurance

Buying just one insurance policy that covers your home belongings as well as the items owned by your home business is convenient and practical. If something happens at the property, such as a flood or fire you would only have to make one claim with one insurer rather than dealing with multiple claims and the confusion that can occur in this scenario. 

Firstly, what does contents mean?

A common question. Contents refers to the items in your home that you would take with you when you move house. As well as items in the house, you will need to include items stored in the attic, cellar and garage or shed. Contents insurance also covers plants in the garden, garden furniture, students possessions whilst at University and items you are storing in a professional storage unit.

Contents insurance for businesses run from the home covers the general items you use to run the business such as computer, printer and filing cabinet etc. The value of these should be included in the contents total value to be insured under your home contents insurance policy.

Insuring business stock

You might store some business stock that you intend to sell, in the home or outbuildings. Our Underwriting team may need to ask you some questions about how much stock, what type of stock and where it’s kept to be able to provide you with the cover you need. Even though the stock is insured you should make sure that wherever the stock is stored is secure, reducing the risk of theft and fire.

Specialist business equipment insurance

If you have specific equipment that you use to perform your business such as kilns for pottery making, sewing machines for seamstresses or lawn mowers for garden maintenance work; then we are likely to be able to insure those too. If you take your equipment away from the home to run the business be sure to also select away from the home insurance. Read about the cover limits for business equipment.

Calculating the value of your contents

The most accurate way to calculate the replacement cost of your contents is to list everything in each room individually and research how much it would cost to replace each item new today. HomeProtect contents insurance covers loss or damage on a New for Old basis, meaning that items damaged or lost can be replaced with a new version of the same or similar item.

I have limited options for home insurance as I work from home. Home protect consistently insure me. Monday, 10 July 2017