Protect Your Profits With E-commerce Warehouse Insurance Secrets
Types of Coverage
Warehouse insurance typically includes several types of coverage to address the diverse risks associated with storing goods. Key types include:
- Property Insurance: This covers damages to the physical structure of the warehouse and the contents within it. In the event of a fire or natural disaster, property insurance can help you rebuild and replace lost inventory.
- Liability Insurance: Protects against claims of injury or damage that occur on the premises. This is crucial for businesses that allow employees or third parties to access their warehouses.
- Business Interruption Insurance: Provides financial support if your operations are halted due to an insured event, helping cover ongoing expenses and lost revenue.
- Inventory Insurance: Specifically covers the goods stored within your warehouse, ensuring you can recover from losses related to theft, damage, or spoilage.