Think about this, in the worst-case scenario (say your shop is damaged beyond repair) what would be the total loss of your business? The answer to that is probably how much you should cover your shop for. The simplest way to put this is, say you have a toy shop and on an average, each toy costs Rs 1,000. The stock quantity available in your shop, is about 1000 pieces. In this case, you should cover for Rs 1,000 x 1000, i.e Rs 10,00,000. Watch the video below for further clarity, if needed.

Note: Fixtures and portable assets like your laptop and phone are not covered in this shop insurance plan, so don’t consider the price of the same while calculating your sum insured.