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Commercial Contents Insurance
Commercial contents insurance may include the stocks, plant and business equipments and fixtures and fittings that are movable. Stocks are insured for its cost price without any allowance for profit. However, allowances can be made for seasonal stock fluctuations. Equipments can be insured on either an indemnity or a replacement as new basis. Contents are usually covered against theft if there was forcible entry or exit from the business premises. However, an additional cover may be needed to include this when taking out contents insurance only. |
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