Warehouses are used by just about every single business sector. There are a lot of different types of warehouses, and each is used for different things, depending on what the business needs. Some examples of warehouses include:.
General storage:
A building where merchandise is stored for a business or company.
Cold storage:
Specialty warehouses:
Each type of warehouse has specific risks; however, all three are susceptible to the same general types of risks. These risks are typically managed by purchasing insurance.
Property & Contents Insurance for Warehouses
Your warehouse structure protects the company’s consumer products that drive produce income. That is why protecting the physical structure of your warehouse, along with the product inside, is vital to achieving success. In the unfortunate event that your warehouse and contents are destroyed by a covered risk, you could receive financial compensation to build and replace lost or damaged goods. Covered risks typically include things like fire, explosion, theft, water and vandalism. Please note, additional risks can be added to your policy!
Warehouse Liability Insurance
Warehouse workers do their best to be careful when it comes to handling customer’s goods however, mistakes do happen. That doesn’t mean that workers should not be held accountable for their actions, even if they were a mistake. With worker’s liability insurance, damage to goods as a result of careless workers can be paid for without dipping into your personal pocket.
Warehouse Liability Insurance
Warehouse workers do their best to be careful when it comes to handling customer’s goods however, mistakes do happen. That doesn’t mean that workers should not be held accountable for their actions, even if they were a mistake. With worker’s liability insurance, damage to goods as a result of careless workers can be paid for without dipping into your personal pocket.
Equipment Insurance for Warehouses
Working in a warehouse means you use many different machines, along with different types of equipment. This equipment is essential to moving products around the warehouse and maintaining a safe environment. In cases like cold warehouses, equipment even protects the merchandise. When said equipment breaks down or fails, warehouse owners may be faced with expensive replacement costs if they don’t have the proper equipment insurance coverage. A good equipment insurance policy will cover most (or all) replacement and repair costs.
Business Interruption Insurance for Warehouses
In the event your warehouse needs to shut down for a number of reasons, business interruption insurance can pay for lost revenue. Typically, business interruption insurance is claimed following a disaster that renders the building unusable. Following the pandemic, more insurance policies are including a pandemic portion to their business interruption coverages. Looking to learn more about covering your warehouse with insurance? Contact an isure broker today and get insured as soon as possible!
Business Interruption Insurance
In the event your warehouse needs to shut down for a number of reasons, business interruption insurance can pay for lost revenue. Typically, business interruption insurance is claimed following a disaster that renders the building unusable. Following the pandemic, more insurance policies are including a pandemic portion to their business interruption coverages. Looking to learn more about covering your warehouse with insurance? Contact an isure broker today and get insured as soon as possible!