Warehouse insurance is a way of protecting you and your business from anything that might happen to your warehouse and the contents contained within. If anything does happen, the damages can be irreversible for your business and earnings associated with it.
Warehouse insurance gives protection against all kinds of interruptions, risks, and damages that may happen in the course of your business. Business interruptions can be anything from damage to property, or damage to technology that keeps your warehouse or stock in good condition. Standard cover will usually get coverage of your contents and of any kinds of interruptions.
Other standard cover may include loss of accounts receivable, and public and products liability insurance. Public liability insurance, for example, protects you against any claims made by against you by a member of the public whilst conducting your business.
Extensions and additions to these basic kinds of cover can be wide ranging. These can be adapted for the needs of your specific business. Removal and replacement covers are the most common kind, replacing anything from windows damaged by malicious intent, or external locks broken by theft. Loss of money is another extension that can be added on if you feel you need that kind of coverage.
Warehouse insurance policies can also contain personal accident coverage for you or your employees. This is vital: if you or your employee is injured because of an accident whilst working, or during the course of a robbery, your coverage will ensure costs are manageable.
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