What is the maximum claim amount for business money in a home-business policy if kept in a safe?

In a home-business policy, the maximum claim amount for business money kept in a safe is often set at £2,500. This limit is established to reflect the increased risk associated with insuring business-related funds in a residential setting, as well as to control potential losses. Home-business policies typically have specific terms regarding the coverage of business property, including limitations on cash amounts to ensure that the coverage remains manageable for insurance providers.

While different insurers may have varying levels of coverage for business money, £2,500 is a common maximum often designated for cash stored securely in a safe. This limit recognizes that while the safekeeping of business funds is important, it is also prudent to place restrictions to mitigate risks associated with theft and loss. Therefore, this amount serves as a practical compromise between providing security for small business owners and managing the overall risk for insurers.