Qualified Insurance Broker with cost effective and comprehensive Warehouse Insurance Solution
Warehouse Insurance
Qualified Insurance Broker with cost effective and comprehensive Business Package Insurance solutions
What is Warehouse Insurance?
Warehouse insurance is a comprehensive and invaluable form of coverage designed to shield businesses from the potentially devastating financial consequences associated with the storage of goods and inventory in a warehouse. This insurance cover extends to cover an array of potential risks and perils, offering peace of mind to businesses that rely on the storage of their stock at a fixed location.
WHAT CAN WAREHOUSE INSURANCE COVER?
Warehouse Insurance covers a wide range of risks that will protect your business.
Property Damage
Repair or replacement of stock and and contents after being damaged by and not limited to; natural disasters such as earthquakes, floods, storms and fires. This can include customers goods if neccessary.
Business interruption
If a warehouse experiences an unexpected event like a fire, natural disaster, or equipment breakdown, it may be forced to halt operations temporarily. Business interruption insurance helps compensate for this lost income.
Theft
Warehouse Insurance can cover the replacement of stolen items and repairs to damaged property whether leased or owned. This can include customers goods.
Warehouses can be exposed to slips, falls, falling stock, spillage of chemicals, electrical injuries to name a few. Public Liability can protect you from the financial implications of third parties injury or property damage as a result of your negligence.
Glass
For replacing glass inside or outside your premises, including your shopfront windows, mirrors or display cases.
Transit
Transit Insurance can cover stock arriving to a warehouse, whilst on a shipping container at sea, in the back of a courier van, the back of a ute, or in my post by mail.
Machinery and Electronic Breakdown
Cover for costs associated with machinery and electronic breakdown which can include loss of income if selected
DO I NEED WAREHOUSE INSURANCE?
Warehouse Insurance is best suited for any business that needs to store, pack, send and distribute their stock.
Some examples are:
- Retail Products that aresold at shopping centres – clothing, electronics, sporting good etc
- Raw Materials used in manufacturing processes, such as wood or metal
- Mechanics
- Food and Beverages Wholesalers
- Clothing Retailers where they hold bulk stock
- Industrial Equipment storage or repair workshops
- Electrical goods retailing, repair or wholesaling.
- Chemical storage
- Pharmaceutical storage
- Construction Materials where Trades store their stock on hand, materials and tools
- Pet Food Wholesalers
- Agricultural Products
- Furniture:
- E-commerce Inventory
- 3PLÂ faciliities
How Morgan Insurance Brokers can help
Warehouse Insurance can be expensive if you don’t know where to look. Morgan Insurance Brokers are specialists in obtaining Warehouse Insurance for a range of different end uses. we also know the risks, and really get to know your business operations to ensure you’re covered adequately. Things like storage height, what’s stored at the warehouse, how is it stored, in what quantiy, where it comes from, where it’s going to,what machinery you use. Whether you’re a manufacturer, or you’re on the other end of the spectrum as a 3PL, or store collectible cars, we can assist. All things are carefully considered when determining the best cover for your business.