Business insurance policies are created, for want of a better word, in the same way as a house or car insurance. You have certain sections or types of cover which are all packaged up together in one policy.
Think about your car insurance and although you buy one policy, within it you have cover for the vehicle, your third party liabilities, windscreen, personal effects and legal expenses (if you have one of the better policies).
The same can be said of your commercial insurance cover. You can have business buildings insurance, stock, liabilities and other covers.
For your stock, you will then have defined causes of loss covered, such as theft, storm, flood, fire etc. Theft claims are unfortunately increasing as the country continues to emerge from it’s recent economic problems. As the country, and it’s people suffer, the level of theft claims does increase.
You need to read through your policy wording, or if you are just at the stage of getting a business insurance quote, you need to read through the quote and the summary of cover that is also provided.
Within the cover, you will find that you only have theft cover if you can prove that someone has broken in, or broken out of the premises. This does not apply to hotel or office insurance.
For all other types of policy though, you need to ensure that every single time the business is left unoccupied or unattended (including during business hours) that all security measures that exist, are put in to full effect.